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Taxation

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Government imposes 1 pct tax on imported coal

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The government imposes a 1% tax on imported coal, affecting coal-fired power producers. Importers must comply with audit and verification under sales tax laws.
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Islamabad Excise collects record Rs25.43 billion revenue

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Islamabad Excise Department collects record 25.43bn rupees in 2025-26, reflecting increased public trust and effective policies.
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Salaried class tops taxpayers in fiscal 2025-26

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Salaried class leads taxpayers with 633 bn USD in 2025-26, surpassing other sectors. FBR aims for 15,264 bn USD in 2026-27.
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Salaried Pakistanis pay record Rs633bn in taxes

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Salaried Pakistanis paid 633 bn rupees in tax, surpassing exporters and real estate sectors, contributing significantly to the economy.
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Duties revised on imported cars over 2000cc

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Duties on imported cars over 2000cc revised, effective July 1. Electric vehicles face new customs duties.
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Punjab decides to monitor venues to curb tax evasion

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Punjab government to digitally monitor marriage halls, restaurants to curb tax evasion, setting a 528.5 bn rupees revenue target for 2026-27.
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Tax exemptions approved for Mazar-e-Quaid

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Tax exemptions approved for Mazar-e-Quaid's income, with significant tariff reductions on imported vehicles proposed in the Finance Bill 2026.
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Textile mills oppose FBR camera installation

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Textile mills oppose FBR's camera installation plan, citing cost concerns. Owners threaten factory closures if forced to comply.
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FBR to cut duty on imported mobile phones

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FBR to cut duty on imported mobile phones, impacting revenue. Reduction could affect phones valued up to 200 U.S. dollars.
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Pakistan approves higher duties on imported cars

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Pakistan's Finance Committee approves higher duties on imported hybrid, electric, and luxury vehicles, impacting auto policy and tax structure.
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Finance Minister unveils faceless tax system

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Finance Minister Aurangzeb introduces faceless tax system, credits leadership for peace. Economic stability achieved, current account surplus, IT exports up 20%.
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Finance Minister denies budget changes

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Finance Minister denies budget changes, citing misinterpretation. Economic indicators improve with 6% manufacturing growth, rising exports, and freelancer success.
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Budget praised even by critics, says Tarar

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Federal Minister Atta Tarar says the budget is praised even by critics, with benefits for salaried individuals, industry, and exporters.
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Lavish lifestyle prompts FBR audit warning

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FBR warns audits for traders with lavish lifestyles. 7 million not paying correct taxes.
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FBR intensifies crackdown on tax fraud

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FBR intensifies crackdown on tax fraud, proposing heavy fines and penalties for non-integration with digital tax systems in Finance Bill 2026.
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Hefty fines proposed for non-digital businesses

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The 2026-27 budget proposes fines for businesses not integrating digitally with FBR, with penalties up to 5 million rupees for repeated violations.
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Govt plans 6.779 tn rupees borrowing in 2026-27

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Govt plans to borrow over 6.779 tn rupees in 2026-27, with 8.054 tn rupees set for interest payments. Additional loans and external grants are also part of the plan.
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Government plans tax relief for salaried class

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Government plans income tax relief for salaried class, proposes new slabs and reductions. Awaiting IMF approval today.
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Provinces agree to cover federal fiscal deficit

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Provinces agree to cover federal fiscal deficit, offering up to 1,700 billion rupees. Punjab pledges over 500 billion rupees. Budget delay due to elections, leadership unavailability.

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