Faisal Shah

Ahsan Iqbal Orders Fast-Track Testing of Ghee, Cooking Oil and Milk Samples

June 18, 2026June 18, 2026Faisal Shahnawaz

National Price Monitoring Committee reviews inflation trends, market supply and food quality measures to protect consumers and ensure price stability.

Sindh CM Announces Completion of 2,056 Development Schemes in FY2026-27

June 18, 2026June 18, 2026Faisal Shahnawaz

Murad Ali Shah says the Sindh budget prioritises public relief, cuts non-development spending, and allocates Rs109 billion for public-private partnership projects.

Senate approves Finance Bill 2026 recommendations, endorses new salary tax slabs

June 18, 2026June 18, 2026Faisal Shahnawaz

Upper House forwards 123 budget recommendations to National Assembly, including support for revised salaried tax rates and higher government salaries

Finance Bill 2026 proposes steep increase in income tax penalties

June 18, 2026June 18, 2026Faisal Shahnawaz

FBR seeks tougher penalties for concealment of income, false statements and non-compliance to strengthen tax enforcement.

FBR intensifies scrutiny of undisclosed property transactions

June 18, 2026June 18, 2026Faisal Shahnawaz

Faceless audit system to target mismatches in income and expenditure as tax authorities move against concealed high-value property deals.

Finance Bill 2026 Proposes Minimum Value Addition Tax on Imports

June 18, 2026June 18, 2026Faisal Shahnawaz

Manufacturers supplying imported raw materials without in-house consumption may face 3% value addition tax, default surcharge, and possible prosecution.

Pakistan Reaffirms Support for EV Manufacturing as BYD Expands Investment

June 18, 2026June 18, 2026Faisal Shahnawaz

Finance Minister Muhammad Aurangzeb encourages faster EV localization, manufacturing, and charging infrastructure development to position Pakistan as a regional new energy vehicle hub.