Latest Tax News

PSEB Invites Proposals for Federal Budget 2026–27 to Boost IT & ITeS Growth

The Pakistan Software Export Board has called on industry stakeholders to submit practical proposals for incorporation into the Federal Budget 2026–27. The initiative aims to align upcoming fiscal measures with the needs of the IT and ITeS sector, particularly in improving business ease, ensuring sustainable growth, and accelerating ICT export remittances. Submissions are due by December 16, 2025.

Bilawal Proposes Provincial Tax Collection to Ease Federal Finances

Bilawal Bhutto Zardari proposes provincial tax collection to tackle federal fiscal challenges and boost economic growth, citing Rs3 trillion in tax leakage. Speaking to the FPCCI, he emphasized decentralisation, respect for taxpayers, and cooperation with the business community. On provincial reforms, he urged implementing the existing consensus on South Punjab before discussing new provinces, calling for political reconciliation to ensure national stability.

Consumers Paying Over 55% Tax On Mobile Phones

A parliamentary panel has criticised the over 55% tax burden on mobile phones in Pakistan, calling it irrational and counterproductive to the country’s digital goals. Lawmakers said the heavy levies only serve the FBR at the expense of consumers and the economy. The committee has directed the FBR to analyse the impact of existing taxes and propose reforms by mid-March for incorporation in the next federal budget.