Mosaic News

Buy Me A Coffee
News without borders
Tuesday, 14 July 2026
Mosaic News is free to read — but not free to run. Your (monthly) donation keeps it going. →
Pakistan·Trade & Economy

Pakistan's Finance Bill 2026 receives presidential assent, formalising federal budget for FY2026-27

Friday, 26 June 2026, 06:27 · 1 min read

Pakistani President Asif Ali Zardari has signed into law the Finance Bill 2026, formally approving the country's federal budget for the 2026–27 fiscal year with a total outlay of Rs17.57–18.8 trillion. The budget, presented to the National Assembly (Pakistan's lower house of parliament) on 12 June by Finance Minister Muhammad Aurangzeb, passed after the opposition staged a walkout and all seven opposition-proposed amendments were rejected. Key provisions include rationalised income tax for higher-earning salaried workers, exemption from federal excise duty on lower-sugar mineral and hydration drinks, expanded sales tax relief for airlines importing aircraft, and a tiered excise duty structure for imported electric vehicles based on their dollar value.

Sources
DawnPresident Zardari gives assent to finance bill outlining budget for FY2026-27 ↗︎
This article was automatically compiled by AI from the sources above. It may contain inaccuracies. Always read the original sources for the full context.