Federal Board of Revenue Clarifies Solar Panel Tax Exemption and Introduces Digital Media Income Levies
The apex tax authority outlines a massive revenue collection target driven by automated compliance, digital platform taxes, and retail net expansion.
Government Introduces Fixed Tax Initiative for Small Shopkeepers to Broaden Revenue Framework
The newly launched retail taxation scheme offers a simplified compliance pathway for micro-retailers while enforcing penalties for non-participation.
Finance Minister Senator Muhammad Aurangzeb Formally Tables Finance Bill 2026 in National Assembly
The federal government introduces its comprehensive legislative package and fiscal proposals for the upcoming fiscal year before the lower house of parliament.
Federal Budget Proposes Revised Income Tax Slabs and Salary Increases for Salaried Individuals
The government completely abolishes the income tax surcharge while reducing tax rates across multiple income brackets for the working class.
Federal Budget Expected Friday Following Presidential Summon of Parliament Sessions
The government prepares to present the federal budget for the fiscal year 2027 following strategic revenue agreements and structural expenditure cuts between political allies.
Federal Government Prepared to Expel Maturing Tax Exemptions by July 1 to Rectify Fiscal Deficits
The state administration and Federal Board of Revenue plan to eliminate various expiring tax exemptions on July 1 to offset massive fiscal concession losses and secure state revenue.
Customs Valuation Karachi Updates Assessment Values for Artificial Imitation Jewelry Imports
The Directorate General of Customs Valuation Karachi has implemented updated customs values for imported artificial imitation jewelry following extensive market analysis.
Ministry of Finance Orders Immediate Surrender of Unspent Funds to Finalize FY2025-26 Revised Estimates
The Finance Division mandates all federal departments to report savings by May 10 as part of a fiscal cleanup to prepare the upcoming budget and reallocate PSDP funds.
IMF Executive Board Sets May 8 Meeting to Approve 1.2 Billion Dollar Disbursement for Pakistan
IMF prepares to release 1.2 billion dollars to Pakistan following successful program reviews, focusing on fuel levy targets and long term fiscal consolidation.
IMF Executive Board to Convene May 8 for $1.2 Billion Tranche Release to Pakistan
The IMF Executive Board will meet on May 8 to consider releasing a $1.2 billion payout for Pakistan, including funds for climate reforms and the EFF program.