This is parent category of budget presented by Pakistan government. Here you will find year-wise federal and provincial budgets.
Tax bar says punitive withholding taxes have become a revenue tool instead of improving documentation and compliance
The Karachi Tax Bar Association (KTBA) has urged the Federal Board of Revenue (FBR) to abolish higher withholding tax rates imposed on non-filers and instead strengthen targeted enforcement measures to expand the tax net.
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Business council urges tougher taxation on non-filers through electricity bills to expand Pakistan’s tax base
The Pakistan Business Council (PBC) has proposed a sharp increase in withholding tax rates on electricity consumers who are not filing income tax returns in its budget proposals for 2026-27.
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PBC says CVT on foreign assets is pushing wealthy Pakistanis to renounce nationality and recommends sweeping tax reforms for Budget 2026–27
The Pakistan Business Council (PBC) has said that Capital Value Tax (CVT) on foreign assets is pushing wealthy Pakistanis to surrender their nationality, warning that the tax regime is undermining investment confidence and encouraging capital flight.
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State ministry signals targeted relief for salaried class in FY27 budget amid IMF-linked fiscal constraints
The government is expected to reduce the tax burden on salaried individuals in the upcoming FY27 federal budget, Minister of State for Finance and Revenue Bilal Azhar Kayani said.
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Telecom industry seeks tax relief and lower import duties to support 4G, 5G and broadband expansion
Pakistan’s telecom operators have proposed reducing advance income tax on telecom usage from 15% to 8% in the federal budget for 2026–27 as part of broader fiscal reforms aimed at accelerating digital connectivity and broadband expansion.
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Pakistan plans fresh revenue measures as FBR faces likely shortfall in FY26 collections
Pakistan’s government is expected to introduce around 430 billion rupees in new tax measures in the federal budget for 2026–27 (FY27) as it seeks to strengthen revenues amid pressure from lower-than-targeted collections, according to official documents.
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Government plans tariff reforms, regulatory simplification and corporate law amendments in Budget 2026-27
Pakistan is preparing to introduce a broad policy package aimed at improving the business environment as part of the federal budget for 2026–27, according to official sources.
The measures are expected to include further tariff reforms, regulatory simplification, and amendments to corporate laws to encourage investment and reduce the cost of doing business.
Officials said the next phase of duty reductions under the National Tariff Policy will be legislated through the upcoming budget as the government moves to rationalize import duties and improve industrial competitiveness.
The authorities are also working to simplify and remove non-tariff barriers that businesses say increase compliance costs and create uncertainty for investors and traders.
As part of a wider regulatory reform initiative, the government plans to establish a national regulatory registry to serve as a centralized source of business-related regulations.
The registry, initially covering the federal government and Islamabad Capital Territory administration, is targeted for completion by June 2027 and is intended to improve transparency and reduce regulatory uncertainty for businesses.
Officials further said amendments to the Companies Act are being finalized for submission to Parliament by the end of June 2026.
The proposed amendments are expected to focus on lowering regulatory burdens, reducing transaction costs, and strengthening corporate governance and transparency for both listed and unlisted companies.
In parallel, the government also plans to gradually phase out fiscal incentives available to Special Economic Zones (SEZs), Special Technology Zones (STZs), and Export Processing Zones (EPZs) by 2035.
Authorities believe the move will reduce fiscal pressures and create a more level playing field for trade and investment across sectors.
The reforms are expected to be formalized through amendments to SEZ and STZ laws by June 2027, while exporters operating in EPZs may also lose the option to sell part of their production in the domestic market.
Economists say the proposed reforms reflect Pakistan’s broader effort to modernize its business framework, improve investment conditions, and support long-term economic stability.
Prime minister prioritizes water reservoirs, hydropower and performance-based funding
Prime Minister Shehbaz Sharif on Monday chaired a meeting to review the Public Sector Development Programme (PSDP) for fiscal year 2026-27, stressing that public funds should be directed toward projects delivering tangible economic results.
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Business body proposes lower withholding taxes and withdrawal of Section 7F
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has proposed sweeping tax reforms for Pakistan’s property sector in the federal budget 2026-27, including sharp reductions in withholding taxes on property purchases and sales.
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Pakistan commits to stricter enforcement of digital invoicing under IMF-backed reforms
The Federal Board of Revenue (FBR) is set to propose stricter penalties for taxpayers failing to comply with digital sales tax invoicing requirements in the upcoming Finance Bill 2026, as part of Pakistan’s commitments under reforms linked to the International Monetary Fund.
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