Punjab Unveils Rs5.9 Trillion Budget for FY2026-27
Punjab government presents a Rs5.9 trillion budget for FY2026-27 with increased spending on public relief, healthcare, education, and development projects despite a reduced NFC share.
Latest Tax News
Lawmakers Urge Govt to End Tax-Free Status of Charitable Hospitals, Schools
Senate Finance Committee proposes zero sales tax on educational stationery and questions tax exemptions for charitable hospitals and schools.
New Fixed Tax Scheme to Bring 100,000 Small Retailers into Tax Net from July 1
FBR plans to enroll 100,000 small shopkeepers and retailers under a new fixed tax scheme from July 1, 2026, with a Rs. 25,000 annual tax.
PRA Seals Multiple Double Shot Branches in Lahore Over Alleged Tax Violations
PRA seals several coffee outlets in Lahore over alleged sales suppression and electronic invoicing violations. Investigation continues.
Government Targets Rs. 14 Billion in Mobile Handset Levy Collections for FY 2026-27
Government has set a Rs. 14 billion Mobile Handset Levy collection target for FY 2026-27
Senate Panel Approves Abolition of CVT on Foreign Assets
Senate Standing Committee approves abolition of Capital Value Tax (CVT) on foreign assets.
Federal Tax Ombudsman Announces Final Day to Apply for Internship Programme
ISLAMABAD: The Federal Tax Ombudsman (FTO) Pakistan has announced that June 15, 2026, is the final date for applications to its internship programme aimed at providing practical exposure to students […]
Salaried Tax Relief in Budget 2026-27 Skips Many Lower and Middle-Income Earners
Taxpayers earning up to Rs2.2 million annually may receive no relief under the Finance Bill 2026.
Non-ATL Investors to Face 100% Higher Tax on Stock Market Gains
Finance Bill 2026 proposes a 100% increase in capital gains tax for stock market investors not listed on ATL
5% Minimum Tax on YouTubers, TikTokers and Social Media Influencers
Finance Bill 2026 requires banks to deduct 5% tax on YouTube, TikTok, Facebook and Instagram earnings.