Sales Tax Concessions on Reduced Rates Jump to Rs636 Billion
FBR’s Tax Expenditures Report 2026 shows sales tax concessions on reduced rates jumped 70% to Rs636 billion, while total sales tax exemptions reached Rs1.27 trillion.
FBR Confirms No Increase in Customs Duty on Imported Smartphones from July 1, 2026
FBR has confirmed no increase in customs duty on imported smartphones from July 1, 2026.
FBR Confirms No Increase in Customs Duty on Imported Smartphones from July 1, 2026
FBR has confirmed no increase in customs duty on imported smartphones from July 1, 2026.
Taxpayer-Officer Relationship to End under New FBR System
Finance Minister Muhammad Aurangzeb says Pakistan will introduce a faceless tax system, ending direct contact between taxpayers and FBR officials.
FBR to Keep Tax Offices Open on June 27-28 to Boost End-of-Year Revenue
FBR will keep all tax offices open on June 27-28 and extend working hours on June 29-30.
KP Cabinet Approves Rs. 1.52 Trillion Deficit Budget
KP Cabinet approves Rs. 1.52 trillion budget for FY2026-27 with a Rs. 48 billion deficit, salary hike, health funding, and major development projects.
NA Committee Approves Capital Gains Tax on Sale of Inherited Properties
NA committee approves capital gains tax on inherited property sales and backs 5% tax on social media earnings under Finance Bill 2026.
FBR Proposes Sales Tax on 21 additional Retail Product Categories
FBR proposes sales tax on 21 more retail product categories, including packaged foods, beverages, cosmetics, and household goods.
Govt Approves Rs. 1 Crore for Tea, Lunch and Dinner During Budget Session
ECC approves Rs. 1 crore grant for tea, lunches and dinners during Parliament’s budget session in fiscal year 2025-26.
Punjab Makes Online Property Tax Payments Mandatory in Budget
Punjab introduces mandatory online property tax payments and offers a 5% discount under the new self-assessment scheme.