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 […]
finance bill
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. […]
K-P budget slaps higher fines on rickshaws, underage drivers
The Khyber Pakhtunkhwa (K-P) government has proposed big increases in traffic fines in its 2025-26 budget. The Finance Bill includes stricter penalties for underage drivers and people using fake driving licences. Officials say the goal is to improve road safety across the province. For the first time, a separate category has been made for three-wheeled […]
‘Is this a Finance Bill or a mini Financial Martial Law?’ asks Sherry Rehman
ISLAMABAD: Condemning the provision 203A, which gives the FBR powers to arrest and prosecute without warrant in the Finance Bill, at the Senate Finance Revenue & Economic Affairs Committee meeting, PPP Parliamentary Leader in the Senate, Senator Sherry Rehman said, “On one hand we are being told that FBR powers are being curtailed and on […]