Four projects receive Letters of Intent under Article 6 framework to generate carbon credits and attract climate finance
(more…)Category: Budget
This is parent category of budget presented by Pakistan government. Here you will find year-wise federal and provincial budgets.
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FBR to collect taxes first on auctioned goods
New Sales Tax Act provision mandates tax recovery before owners receive auction proceeds and allows electronic public auctions.
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FBR raises penalty for late filing of sales tax returns fivefold under Finance Act 2026
ISLAMABAD: The Federal Board of Revenue (FBR) has significantly enhanced penalties for taxpayers failing to file monthly sales tax returns within the prescribed due date, introducing stricter enforcement measures through the Finance Act, 2026.
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Finance Act 2026 empowers FBR to order re-audit of taxpayers
Commissioners can direct independent re-audits and inventory re-valuations with prior approval to strengthen sales tax compliance.
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Finance Ministry targets Rs160bn privatization proceeds in FY2026-27
Government raises privatization revenue target after missing FY2025-26 goal by a wide margin.
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Captive power plant levy to rise to 20% from August 2026
Government targets Rs15.74 billion in FY2026-27 as higher levy aims to curb captive gas use and promote grid electricity.
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FBR doubles NEV adoption levy collection target for FY2025-26
Government expects Rs122 billion from ICE vehicle levy in FY2026-27 to support Pakistan’s transition to cleaner transport.
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FBR projects Rs410bn customs duty from petroleum products in FY2026-27
Petroleum products, imported vehicles and electrical machinery are expected to remain the largest contributors to customs duty revenue.
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FBR revises sales tax collection mechanism for steel industry
Finance Act 2026 links sales tax collection to electricity consumption and offers lower rates for digitally compliant steel manufacturers.
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Finance Act 2026 allows FBR to use PBS data for sales tax valuation
Tax authority empowered to adopt Pakistan Bureau of Statistics valuations and outsource goods valuation to strengthen sales tax compliance.
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