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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Government signals possible relief for traders as consultations continue ahead of FY27 budget
Minister of State for Finance and Revenue Bilal Azhar Kayani on Saturday said the government would consider introducing a simplified tax scheme for traders in the upcoming federal budget, as authorities seek to balance revenue collection with business-friendly reforms.
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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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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.
(more…)FPCCI advocates massive tax relief for salaried persons in budget 2026-27
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called for broad tax relief for salaried individuals in the federal budget 2026-27, arguing that high tax rates and surcharges are eroding disposable incomes and weakening household financial stability.
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Trade body urges government to ease compliance burden in budget 2026-27
Federation of Pakistan Chambers of Commerce and Industry has proposed the revival of the Final Tax Regime (FTR) for exporters in the upcoming budget 2026-27, arguing that the withdrawal of the regime has increased compliance costs and tax-related uncertainty for exporters.
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Sarafa association seeks simplified turnover-based tax system for jewelry sector
The All Pakistan Sarafa Gems and Jewelers Association has proposed a special tax regime for jewelers aimed at simplifying income tax payments and record-keeping procedures for the sector.
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