The government has announced a new Federal Excise Duty on imported vehicles as part of the budget for FY27-2026. The decision was revealed by Finance Minister Muhammad Aurangzeb during his budget speech in the National Assembly. The move targets higher-end imported vehicles, including luxury SUVs and electric cars. It is aimed at restructuring the auto […]
electric vehicle tax Pakistan
IMF flags FBR weaknesses after tax shortfall
The IMF has highlighted serious administrative weaknesses in Pakistan’s Federal Board of Revenue (FBR) after a major tax shortfall last fiscal year. Pakistan collected Rs1.2 trillion less than the federal budget target, the IMF report said. Structural and enforcement gaps were cited as key reasons for the shortfall. According to the report, sales tax and […]