The Punjab government has proposed wide-ranging fiscal reforms in its Finance Bill 2026-27, aiming to increase provincial revenue, expand the tax base and improve documentation across multiple sectors. The proposed measures include higher taxes on vehicles, revisions to service taxes, changes in property taxation and new incentives designed to support electric vehicles, businesses and agriculture. […]
Property Tax
IMF objections cast doubt on property sector relief
The International Monetary Fund has opposed the government’s proposed Rs115 billion relief package for the construction and property sectors, creating uncertainty over a key economic initiative announced in Budget 2026-27. The package was designed to stimulate investment, encourage property transactions and support broader economic activity through increased construction and development. Under the proposed measures, the […]
Property Tax: Is it about Governance or Politics?
Property tax is substantially under-utilized instrument in Pakistan and Punjab is no exception. The contribution of property taxation to overall provincial tax receipts in Punjab is just 6% or just under PKR 14 billion, which is nowhere close to the potential of a province that house 110 million people residing in close to 15 million […]