The government has proposed a significant increase in petroleum levy targets for the upcoming fiscal year. The proposal was presented by Finance Minister Muhammad Aurangzeb during the National Assembly budget session. The move is part of broader efforts to boost non-tax revenue. It reflects a shift toward higher indirect revenue collection. According to budget details, […]
Muhammad Aurangzeb budget
Govt proposes 7pc raise in salaries and pensions, budget tabled
The federal government has presented a Rs18,771 billion budget for the upcoming fiscal year in the National Assembly. Finance Minister Muhammad Aurangzeb tabled the budget, highlighting economic reforms, development priorities, and tax adjustments. The budget also includes relief measures for salaried individuals and pensioners. It is the government’s third budget and outlines key fiscal targets. […]
Govt imposes tax on imported vehicles
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 […]
Govt cuts property tax for filers
The government has reduced withholding tax rates on property transactions for filers as part of the federal budget. The move is aimed at providing relief to the real estate sector. The announcement was made during the budget presentation in the National Assembly. It comes alongside broader fiscal adjustments introduced by the government. According to budget […]
Tax relief announced for salaried workers
The federal government has announced tax relief for the salaried class by reducing rates across four income slabs. The decision was revealed by Finance Minister Muhammad Aurangzeb during the federal budget presentation in the National Assembly. The move aims to ease financial pressure on salaried individuals. It comes as part of broader fiscal measures in […]
Aurangzeb presents Rs18.7 trillion federal budget
Finance Minister Muhammad Aurangzeb has presented a federal budget worth over Rs18 trillion in the National Assembly. The budget outlines major spending priorities including defence, debt servicing, and development. The announcement came during a heated budget session in Islamabad. The proposals are expected to shape Pakistan’s economic direction for the coming fiscal year. The finance […]