Islamabad: The National Assembly has approved the federal budget for the fiscal year 2026-27 after deliberations during a session chaired by Speaker Sardar Ayaz Sadiq. Lawmakers endorsed the budget proposals and passed the Finance Bill, paving the way for the implementation of various tax and fiscal measures from July 1. Following the approval of the […]
imported vehicles
FBR overhauls luxury car valuation to block tax leaks
The Federal Board of Revenue has ended the role of local agents in valuing imported luxury vehicles, aiming to stop under-invoicing that caused major losses to government revenue. Now, customs duties and taxes will be calculated using prices verified directly by international manufacturing companies, making the process more reliable and harder to manipulate across all […]