Finance Minister Muhammad Aurangzeb said the government is expanding the tax base instead of increasing pressure on salaried taxpayers. Addressing the National Assembly on Saturday, he defended the 2026-27 budget and highlighted measures aimed at economic growth and fiscal stability. The budget affects taxpayers, businesses, farmers, exporters, and industries across Pakistan. Aurangzeb said the government […]
Tax Base Expansion
Govt introduces fixed tax scheme for small traders nationwide
The government has introduced a new fixed tax scheme for small traders as part of broader efforts to expand the tax base and improve compliance before the upcoming federal budget. Officials said the initiative aims to simplify taxation while encouraging more traders to formally register their businesses. Moreover, the scheme focuses on reducing complexity in […]
FBR digitalisation boosts returns but misses big non-filer gap
Tax experts have warned that the Federal Board of Revenue’s (FBR) digitalisation efforts will have limited impact without targeting non-filers. Currently, Pakistan’s tax-to-GDP ratio stands at 10-11%, and FBR aims to raise it to 18% by 2027-28. Analysts say increasing return filings alone will not significantly improve revenue. Karachi Tax Bar Association vice president Faiq […]