President Asif Ali Zardari has approved the Finance Bill 2026-27, formally clearing the way for Pakistan’s federal budget to take effect from 1 July 2026. The approval completes the legislative process and allows the government to begin implementing fiscal measures outlined in the new financial plan. Following presidential assent, officials confirmed that the Finance Bill […]
Pakistan budget
Hafiz Naeem calls for private sector pay raise
Jamaat-e-Islami Emir Hafiz Naeem ur Rehman has called on the government and employers to increase salaries for private sector workers, arguing that employees outside the public sector have been left without meaningful relief despite rising inflation. Speaking at a press conference in Karachi, Hafiz Naeem criticized the federal budget, saying it failed to provide substantial […]
KP unveils Rs2.17 trillion budget for 2026–27, prioritises health, education and security
PESHAWAR: The Khyber Pakhtunkhwa (KP) government on Thursday presented its 2026–27 budget with a total outlay of Rs2.17 trillion, focusing heavily on welfare, security and infrastructure development while projecting a modest Rs48 billion deficit. The budget was tabled in the provincial assembly by Chief Minister Sohail Afridi, who said the shortfall would be managed through […]
Federal psdp allocates Rs252bn for provinces and special areas
The federal government has allocated Rs252 billion under the Public Sector Development Programme for provinces and special areas in the upcoming fiscal year, despite ongoing fiscal constraints and rising development demands across regions. According to budget documents, the total cost of provincial development projects has reached Rs812 billion, while the federal government continues to finance […]
Pakistan plans higher taxes on EVs and hybrids
Electric and hybrid vehicles in Pakistan could become more expensive in the upcoming fiscal year as the government considers ending existing tax concessions in the federal budget for 2026-27. The proposed move follows discussions with the International Monetary Fund (IMF), which has reportedly opposed continuing preferential tax treatment for environmentally friendly vehicles and related products. […]
IMF delegation arrives for Pakistan budget talks
An International Monetary Fund (IMF) delegation is set to arrive in Pakistan on Tuesday to begin discussions on the country’s federal budget for fiscal year 2026–27, as Islamabad prepares its next economic roadmap. According to official sources, formal talks between Pakistan’s economic team and the IMF mission will begin on May 13 and continue through […]
Pakistan proposes higher tax on cigarettes in federal budget
A proposal has been put forward to significantly increase the Federal Excise Duty (FED) on cigarettes in Pakistan upcoming federal budget for 2026–27, aiming to boost government revenue and discourage smoking, especially among young people. Read More: Pakistan budget plan promises relief for salaried class The recommendation has been submitted by the non-governmental organisation Society for […]
Pakistan Business Forum called on the government to abolish super tax
The Pakistan Business Forum has called on the government to abolish super tax and introduce business-friendly reforms in its budget proposals for fiscal year 2026-27. The forum submitted its recommendations to the Ministry of Finance, urging policymakers to prioritise economic growth and reduce the cost of doing business. Read More: EU-Pakistan business forum launched, opening […]
KP receives Rs8.4tn from federal govt in 15 years
The federal government has transferred over Rs8,404 billion to Khyber Pakhtunkhwa (KP) in the last 15 years. This includes NFC, PSDP, and special allocations. Officials say the data refutes claims that large arrears or withheld funds exist. From 2010 to November 2025, KP received Rs5,867 billion under the National Finance Commission (NFC) system, which distributes […]
SBP sets Rs2.4 trillion profit target for FY25, confident on growth despite challenges
The State Bank of Pakistan (SBP) aims to achieve a profit of Rs2.4 trillion for the fiscal year ending June 2025. Governor Jameel Ahmad confirmed that the bank is on track to meet this target after a recent briefing following the decision to keep interest rates unchanged. Last year, the SBP recorded a historic profit […]