Islamabad

16/06/2026

ISLAMABAD: The Senate Standing Committee on Finance and Revenue has approved a proposal to impose a 5 percent withholding tax...

Senate panel bashes FBR performance, approves new taxes in budget

16/06/2026

ISLAMABAD: The Senate Standing Committee on Finance voiced strong criticism of the Federal Board of Revenue (FBR) during its review...

Banks must upload account data to FBR Hub under FY27 Bill

ISLAMABAD: The Federal Board of Revenue (FBR) has proposed mandatory electronic data sharing by all banks and Electronic Money Institutions...

Finance Bill 2026 expands FBR audit powers under sales tax law

ISLAMABAD: The Finance Bill 2026 has proposed significant amendments to Section 25 of the Sales Tax Act, 1990, granting Inland...

PSW, NTC ink accord to automate Tariff System

ISLAMABAD: National Tariff Commission (NTC) and Pakistan Single Window (PSW) have signed a landmark agreement to automate tariff processes and...

Senate panel approves abolition of CVT on foreign assets

ISLAMABAD: In a significant relief measure for overseas asset holders, the Senate Standing Committee on Finance and Revenue has approved...

Finance minister signals plan to phase out super tax

ISLAMABAD: Finance Minister Muhammad Aurangzeb has indicated that Pakistan is working towards the gradual abolition of the super tax, reaffirming...

Budget 2026-27 marks significant progress toward economic growth: Aurangzeb

ISLAMABAD: Federal Minister for Finance Muhammad Aurangzeb said the government has given special focus to exports and improvement in the...

Pakistan to remove customs duties on raw materials for cancer & disease medicines

ISLAMABAD: Pakistan's government has announced the elimination of customs duties on more than 100 categories of raw materials used in...

Govt proposes 5pc tax on social media earnings in budget 2026-27

ISLAMABAD: The federal government has proposed a 5% withholding tax on income earned by social media influencers through digital platforms,...

Govt revises petroleum levy rates, cutting levy on petrol and increasing it on diesel

ISLAMABAD: The federal government has revised the petroleum levy rates on various fuel products, making changes to levies, freight margins,...

FBR imposes sweeping taxes on food, household items

ISLAMABAD: The Federal Board of Revenue (FBR) has proposed a series of major tax measures aimed at increasing revenue in...

Finance minister presents Rs18.77tr Budget 2026-27

ISLAMABAD: Finance Minister Muhammad Aurangzeb presented the federal budget for fiscal year 2026-27 in the National Assembly during a session...

FBR chairman says tax collections surge in FY2025-26

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Rashid Langrial has said that tax collections registered a significant increase during the...

Poverty rises to 28.9pc as labor exodus reaches 800,000: Economic Survey 2025-26

ISLAMABAD: Pakistan has witnessed a sharp rise in poverty levels alongside a significant increase in overseas migration, according to the...

Budget 2026-27: Check out complete proposals for next fiscal year

ISLAMABAD: The Pakistan government has proposed a national development budget worth Rs3,675 billion for the fiscal year 2026–27, according to...

Federal cabinet okays 7pc salary increase for govt employees

ISLAMABAD: The federal cabinet has approved a 7 percent increase in salaries for government employees as part of the upcoming...

Finance Minister presents Economic Survey 2025-26 to PM Shehbaz