News Desk

Headlines

Sustainable Development Goals Achievement Program retains Rs63bn allocation as federal PSDP shrinks to Rs1tr

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Projects current account deficit is expected to widen to $3.6bn; Export target is set at $32.9bn against $70bn imports

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Nearly 94% of development budget earmarked for Green Pakistan Programme as ministry receives Rs2.48bn for development projects and Rs2.48bn for current spending

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Normal fares restored from Saturday after a temporary relief was introduced over higher petroleum prices

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Debt costs account for 42.9% of Rs18.771 trillion budget; domestic servicing set at Rs6.982 trillion and foreign debt payments at Rs1.071 trillion

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The government announced Rs650bn enforcement for FY2026-27 to reach Rs15.264tn tax revenue, alongside Finance Bill 2026 reforms: reduced Super Tax, new salaried income slabs, and lower withholding taxes on property transactions.

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Finance Bill cuts advance tax on property sales from 5.5% to 2.75% and on purchases by filers from 2.5% to 1.25%.

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Pakistan’s Budget 2026-27 extends concessional EV/HEV taxes and adds PAVE support, while imposing tiered FED on imported luxury CBU EVs. It also reforms ICT token taxes; NEV policy details remain pending.

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OICCI backs the federal budget for its restraint, FBR revenue milestone, and tax rationalisation. But it warns the informal economy is expanding and urges fixes for tax and refund delays.