Islamabad: The National Assembly has approved the federal budget for the fiscal year 2026-27 after deliberations during a session chaired by Speaker Sardar Ayaz Sadiq. Lawmakers endorsed the budget proposals and passed the Finance Bill, paving the way for the implementation of various tax and fiscal measures from July 1. Following the approval of the […]
budget 2026-27
Government allocates Rs476 billion for green subsidies push
The federal government has allocated Rs476 billion for green subsidies in the upcoming fiscal year, aiming to support environmentally friendly initiatives across key sectors including energy, agriculture, food, industry and transport. Officials said the plan is part of a broader strategy to promote sustainable development and reduce pollution levels nationwide. According to budget documents, the […]
Aurangzeb says economy shifting from stability to growth
Finance Minister Muhammad Aurangzeb has said Pakistan’s economy is transitioning from a phase of stabilisation to growth, highlighting a series of fiscal, export and tax measures announced in the federal budget for 2026-27. Speaking at a post-budget press conference in Islamabad, Aurangzeb said the government had utilized available fiscal space to support economic expansion while […]
Budget 2026-27 prioritises defence, debt and reforms
Finance Minister Muhammad Aurangzeb has presented Pakistan’s federal budget for fiscal year 2026-27 with a total outlay of Rs18.77 trillion, outlining measures aimed at maintaining economic stability, supporting development and strengthening fiscal discipline. Presenting the budget in the National Assembly of Pakistan, the minister said the government’s economic strategy focuses on controlling inflation, improving revenue […]
Pakistan proposes 5pc tax on social media earnings
The federal government has proposed a 5 percent withholding tax on income earned by social media influencers under the Finance Bill 2026, targeting earnings generated through platforms such as YouTube, Facebook, Instagram and TikTok. Officials said the move aims to bring digital income into the formal tax net and improve overall revenue collection. Under the […]
Aurangzeb outlines growth push in post budget briefing
Finance Minister Muhammad Aurangzeb addressed a post-budget press conference in Islamabad, outlining key priorities of the federal budget 2026-27 and defending the government’s economic direction. He said the economy is moving in the right direction and stressed that Pakistan is now shifting from stability toward sustained growth. During the briefing, he highlighted that the […]
Pakistan unveils fixed tax plan for small traders
The federal government has proposed a simplified fixed tax system for small traders and shopkeepers in the budget for fiscal year 2026-27. The initiative aims to make tax compliance easier for small businesses while reducing administrative hurdles that often discourage participation in the formal tax system. Officials believe the measure can help broaden the tax […]
Pakistan slashes customs duties on industrial imports
The federal government has announced significant reductions in customs duties on thousands of industrial raw materials, machinery and spare parts as part of the Budget 2026-27, aiming to lower production costs and boost industrial imports activity. According to the Finance Bill, customs tariffs on more than 7,500 items used by various industries have been revised. […]
Cabinet reviews budget as salary increase proposal under consideration
The federal cabinet is currently meeting in Islamabad to review and approve the budget for the upcoming fiscal year, with proposals regarding salary and pension increase for government employees among the key items under discussion. The meeting, chaired by Prime Minister Shehbaz Sharif at Parliament House, is being attended by senior cabinet members and government […]
Punjab links employees salaries increase to federal budget decision
The Punjab government is expected to align any increase in salaries for provincial government employees with the federal government’s decision in the upcoming budget for the 2026-27 fiscal year, according to official sources. Read More: Budget 2026-27 may be delayed to June 12 Budget proposals under consideration indicate that significant allocations have been earmarked for salaries, […]