National Assembly Approves Pakistan’s Budget for Fiscal Year 2026–27
During the session, members of the National Assembly formally passed the budget after deliberations on key fiscal measures. Following the approval, the Speaker adjourned the assembly session until 11:00 AM tomorrow.
According to the Finance Bill 2026–27, effective from July 1, imported vehicles with engine capacities ranging from 2,000cc to 3,000cc will face an 86% import duty, while imported vehicles above 3,001cc will be subject to a 92% duty.
The Finance Bill also grants tax exemptions to Pakistan Navy Benevolent Association and Sindh Institute of Urology and Transplantation starting July 1.
In addition, tax relief has been extended to provincial Employees’ Social Security Institutions, welfare organizations in Orangi Town, and Make-A-Wish Foundation under the newly approved budget measures.