Mah Noor

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Finance Minister Aurangzeb Presents Rs18.77 Trillion Federal Budget

Muhammad Aurangzeb has presented Rs18.77 trillion Federal Budget 2026-27 in the National Assembly, setting an FBR tax collection target of Rs15.264 trillion.

A typewriter with a paper that reads "TAX HEAVEN."

Govt Still Awaiting IMF Approval for Salaried Tax Relief in Budget 2026-27

Tax relief measures for salaried individuals, exporters, businesses, and the property sector remain under discussion with the IMF.

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Small Traders Welcome 1% Turnover Tax Scheme Up to Rs200 Million

Traders have welcomed the government’s 1% turnover tax and fixed tax regime for businesses with annual turnover up to Rs200 million.

Pakistan’s Active Taxpayer List Crosses 8 Million Mark for the Second Time

The Active Taxpayer List (ATL) has officially crossed the 8 million mark for the second time, currently standing at 8,014,941 active filers.

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Punjab Approves New Tax on Large Generators and Solar Power Systems

Punjab has approved the Electricity Duty Rules 2026, imposing a 4 paisa per unit tax on large generators.

Freelancers Seek Tax Relief as Govt Employees Demand Massive Salary Hike

Ahead of Budget 2026-27, freelancers have urged the government to retain the 0.25% tax regime, while government employees are demanding salary hike.

FBR Recovers Rs. 4 Million from Cheezious in Tax Compliance Action

FBR recovers Rs. 4 million from Cheezious after an enforcement action by RTO Sahiwal over alleged sales reporting discrepancies.

KTBA asks FBR to Resolve Business Bank Account Declaration Issues

KTBA urges FBR to amend Section 73 of the Sales Tax Act by replacing Form STR-1 with Form 181, aligning business bank account declarations with digital tax registration procedures.