ISLAMABAD: The federal budget for the new fiscal year will be presented in the first week of June. The government of Pakistan has decided to prepare the budget in accordance with the IMF conditions. It is proposed to provide relief to the salaried class.
In consultation with the IMF, the super tax will be gradually reduced. The stipend of BISP beneficiaries will also be increased by Rs. 5,000.
In the budget for the fiscal year 2026-27, it is proposed to abolish income tax and sales tax exemptions for various sectors. No new tax exemptions or exemptions will be given to special economic zones, including special economic zones. The tax exemptions already received by special economic zones will be abolished.
There will be a ban on selling finished products in export zones in the local market, regular and timely increases in electricity and gas prices will be made mandatory, the IMF has also emphasized tightening tariff adjustments in accordance with the loan program, the quarterly amount of BISP will be increased from 14,500 to 19,500 rupees.
The audit system of the FBR will be strengthened and centralized, the creation of new economic zones in the federal budget will remain banned for the time being, restrictions related to foreign exchange will be relaxed in a phased manner in the budget, while the Pakistan Regulatory Registry will be established by 2027.
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