federal excise duty
Coverage of federal excise duty in the Nexus archive.
- President Zardari gives assent to finance bill outlining budget for FY2026-27
President Asif Ali Zardari approved the Finance Bill, 2026, outlining the Rs17.5718.8 trillion budget for FY2026-27. The bill includes tax reforms, exemptions for electric vehicles and mineral water, and amendments from the National Assembly Standing Committee on Finance. The National Assembly passed the budget after rejecting opposition amendments.
- BUDGET 2026-27: Steeper fines introduced for tax compliance
The Pakistani government's Finance Bill FY27 introduces steeper penalties for tax compliance violations, including late filing of income tax returns, restoration to the active taxpayers list, and deficiencies in documentation. Penalties for businesses and individuals have increased significantly, with some fines more than doubling or rising fivefold, aimed at strengthening tax compliance and revenue mobilization.