Electric and hybrid vehicles in Pakistan could become more expensive in the upcoming fiscal year as the government considers ending existing tax concessions in the federal budget for 2026-27. The proposed move follows discussions with the International Monetary Fund (IMF), which has reportedly opposed continuing preferential tax treatment for environmentally friendly vehicles and related products. […]
Pakistan budget
IMF delegation arrives for Pakistan budget talks
An International Monetary Fund (IMF) delegation is set to arrive in Pakistan on Tuesday to begin discussions on the country’s federal budget for fiscal year 2026–27, as Islamabad prepares its next economic roadmap. According to official sources, formal talks between Pakistan’s economic team and the IMF mission will begin on May 13 and continue through […]
Pakistan proposes higher tax on cigarettes in federal budget
A proposal has been put forward to significantly increase the Federal Excise Duty (FED) on cigarettes in Pakistan upcoming federal budget for 2026–27, aiming to boost government revenue and discourage smoking, especially among young people. Read More: Pakistan budget plan promises relief for salaried class The recommendation has been submitted by the non-governmental organisation Society for […]
Pakistan Business Forum called on the government to abolish super tax
The Pakistan Business Forum has called on the government to abolish super tax and introduce business-friendly reforms in its budget proposals for fiscal year 2026-27. The forum submitted its recommendations to the Ministry of Finance, urging policymakers to prioritise economic growth and reduce the cost of doing business. Read More: EU-Pakistan business forum launched, opening […]
KP receives Rs8.4tn from federal govt in 15 years
The federal government has transferred over Rs8,404 billion to Khyber Pakhtunkhwa (KP) in the last 15 years. This includes NFC, PSDP, and special allocations. Officials say the data refutes claims that large arrears or withheld funds exist. From 2010 to November 2025, KP received Rs5,867 billion under the National Finance Commission (NFC) system, which distributes […]
SBP sets Rs2.4 trillion profit target for FY25, confident on growth despite challenges
The State Bank of Pakistan (SBP) aims to achieve a profit of Rs2.4 trillion for the fiscal year ending June 2025. Governor Jameel Ahmad confirmed that the bank is on track to meet this target after a recent briefing following the decision to keep interest rates unchanged. Last year, the SBP recorded a historic profit […]
126 mn allocated for Heritage Division in PSDP 2021-22
ISLAMABAD: The National History and Literary Heritage Division has allocated Rs125.926 million for the up-gradation and development of various cultural institutes working for adequate projection of art and culture in the country, under the Public Sector Development Program (PSDP) 2021-22. According to budgetary documents issued on Friday, the federal government has allocated Rs55.904 million for […]