This is parent category of budget presented by Pakistan government. Here you will find year-wise federal and provincial budgets.
Government moves to support EV manufacturing and control production costs
ISLAMABAD, June 12, 2026 — Pakistan extends CKD kit tax exemption for electric vehicles until June 30, 2027 under the Budget 2026–27, in a move aimed at supporting local EV assembly and maintaining investment momentum in the sector.
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Budget 2026–27 aims to boost digital transactions and ease consumer costs
ISLAMABAD, June 12, 2026 — Pakistan slashes tax on international card payments to 0.5% from 5% as the government announces a major relief measure for consumers in the Budget 2026–27, according to official budget documents released on Friday.
The reduction applies to withholding tax on international debit and credit card transactions and represents one of the sharpest cuts in recent years for cross-border digital payments.
Relief for International Digital Transactions
The revised policy will lower the cost of international purchases made through debit and credit cards, including online shopping, subscription services, travel bookings, and other foreign payments.
Officials said the measure is designed to make cross-border transactions more affordable while encouraging greater use of formal banking channels.
The policy is also intended to support overseas Pakistanis and domestic users who rely on international digital services.
Push Toward Digital and Documented Economy
According to budget documents, the reduction is part of a broader strategy to promote digital financial activity and reduce reliance on cash-based transactions.
The government aims to expand the documented economy by incentivising consumers to conduct more payments through regulated banking systems, improving transparency in foreign currency flows.
Part of Wider Fiscal Reforms
The announcement comes alongside several other tax reforms introduced in Budget 2026–27, including reductions in property-related withholding taxes and a simplified retail tax scheme.
Officials said the reforms are designed to stimulate economic activity while balancing revenue requirements and encouraging investment across key sectors.
Economic Policy Focus
Government representatives said the overall reform package reflects an effort to support consumers, enhance financial inclusion, and modernise Pakistan’s payment ecosystem.
The measures are expected to play a role in strengthening digital adoption and improving efficiency in cross-border financial transactions over the coming fiscal year.
Funding to support satellite-based mineral exploration and resource mapping
ISLAMABAD, June 12, 2026 — Government allocates Rs311.8 million for the Petroleum Division under the Public Sector Development Programme (PSDP) in Budget 2026–27, according to official documents released on Friday.
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Post-Clearance Audit Lahore launches landmark criminal proceedings after textile mill illegally offloads duty-free cotton into the local market.
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Finance Minister Mohammad Aurangzeb unveils the annual economic document, highlighting improved fiscal discipline, robust remittances, and structural reforms
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Pakistan Tobacco Company urges the federal government to curb illicit trade and rationalise taxation just days before the federal budget announcement.
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National Economic Council clears ambitious development outlay, targets economic stability and coordinated federal-provincial growth strategy
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Government pushes budget presentation date again as consultations with coalition partners and IMF continue
ISLAMABAD: The federal government has once again postponed the presentation of the federal budget for fiscal year 2026-27, with the new date now set for June 12, according to Parliamentary Affairs Minister Tariq Fazal Chaudhry.
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Customs Enforcement to auction 24 seized vehicles, including Mercedes-Benz, Toyota Hilux, BMW Mini Cooper and Honda Civic models
ISLAMABAD: Islamabad Customs (Enforcement) has announced a mega auction of seized vehicles, scheduled to be held at the State Warehouse on June 10, 2026.
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Experts warn fiscal policy remains crisis-driven and call for stronger investment in resilience, social protection and green growth.
ISLAMABAD: Pakistan’s fiscal framework continues to prioritise short-term crisis management instead of addressing structural weaknesses that deepen poverty, inequality and climate vulnerability, according to experts from the Sustainable Development Policy Institute (SDPI).
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