Business & Economy Correspondent
Mehreen Abbasi
Stories by Mehreen Abbasi
Page 12 of 23
Pakistan / Business & FinanceSenate panel backs 5pc withholding tax on social media earnings
A Senate finance committee approved a five per cent withholding tax on social media income, exempting creators earning up to Rs600,000 a year under the Finance Bill 2026.
Pakistan / Business & FinanceAurangzeb presents Rs18.771tr budget with relief for salaried class
Aurangzeb unveils a Rs18.771 trillion federal budget for FY2026-27 with income tax relief, super tax cuts and incentives for exporters, IT and construction.
Pakistan / Business & FinanceNEC backs Centre-province fiscal compact as Pakistan budget nears
Pakistan's National Economic Council met on 10 June 2026 and endorsed sweeping development-spending cuts as the Centre moved to retain up to Rs1.7tr from the provinces.
Pakistan / Business & FinancePakistan delays budget again as Centre and provinces spar over NFC
The government and PPP agreed a broad budget framework on 8 June 2026, but the budget was pushed to 12 June amid a dispute over Rs1.2 trillion in provincial shares.
Pakistan / Business & FinancePakistan budget delayed again as PM Shehbaz and Bilawal ease tensions
The federal budget for FY2026-27 was postponed again after PM Shehbaz Sharif met PPP chairman Bilawal Bhutto Zardari and the PPP signalled support.
Pakistan / Business & FinancePPP raises tax and revenue concerns with Dar before federal budget
The PPP told Deputy Prime Minister Ishaq Dar it wants a broader tax base rather than fresh levies on the same classes, two days before the 10 June budget.
Pakistan / Business & FinancePTI proposes tax relief, Rs500bn savings in first budget plan since 2022
PTI's economic think tank released 15-page budget proposals for 2026-27 on 6 June, seeking income tax relief and up to Rs500bn in annual spending savings.
Pakistan / Business & FinancePakistan cuts petrol price by Rs4, keeps diesel unchanged
The government reduced petrol to Rs377.78 per litre from 6 June while holding high-speed diesel at Rs380.78, the fourth straight weekly cut in petrol prices.
Pakistan / Business & FinancePakistan launches fixed 1% tax scheme for small shopkeepers
The government unveiled the Fixed Tax Asaan Scheme for traders with turnover up to Rs200 million, offering a flat 1% tax, simplified filing and exemptions from audits.
Pakistan / Business & FinanceUS proposes 10pc tariff on Pakistan in forced-labour probe
The USTR proposed additional duties on 60 economies, naming Pakistan among six found not to have effectively enforced a ban on imports made with forced labour.
Pakistan / Business & FinanceBudget postponed to June 10 as coalition and IMF talks stall
Pakistan pushed its FY2026-27 federal budget from June 5 to June 10 after the government and the PPP agreed on a new date while spending talks with the IMF stayed unresolved.
Pakistan / Business & FinancePakistan set to let wide range of tax exemptions lapse in July 2026
The government is preparing to end a broad set of tax exemptions on 30 June 2026, bringing former tribal areas, electric vehicles and some industries into the standard tax net.