Pakistan Budget for FY 2026-27

Asif said:
There is nothing in this budget for the poor. Infact, the poor will become more poor.

New taxes hve been announced on milk, milk, milk based products, cooking Oil, crockery, plastic ware, sanitary, bathroom fittings, shoes and bags etc.
Pesticides and detailed packed insecticides get taxed which will affect small growers and farmers.

On the flip side, revenue from petrol levy which massively affects inflation remains, the power sector taxes remain, no benefits or checks on pharmaceuticals, schools, colleges an universities, transportation has no benefits, no incentives on garments and hosiery and no incentive for pulses and oil that is imported.

Incentives have been given on EV, Cigarette manufacturer, industrialists, and property sector .... while no incentives in sight for chemical, industrial gases and petroleum by product industries.

Now lets see the givernmwnt praise this as growth oriented and pro poor budget
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Budget FY2026-27 – Key Income Tax Changes (Short Points):

Salaried Class Relief
10% surcharge on salary income above Rs10 million abolished.
Tax slabs revised with lower rates for lower and middle income groups.

Social Media & Content Creators
New 5% withholding tax on income from YouTube, Facebook, Instagram, TikTok, etc.
Minimum tax for residents in ATL and final tax for non-residents without PE.

Real Estate Relief
Section 7E (deemed income tax on immovable property) abolished.
Advance tax on property sale reduced to 2.75% for ATL filers.
Advance tax on property purchase reduced to 1.25%.

Foreign Assets
Capital Value Tax (CVT) on foreign assets above Rs100 million abolished.

Super Tax Revised
Banks: 10%
Fertilizer companies: 10%
Other companies with income above Rs500 million: 8%

E-Commerce
Tax on online businesses with turnover above Rs200 million becomes adjustable.

Life Insurance & Takaful
Withdrawal within 1 year: 15% tax.
Withdrawal after 1 year but before 7 years: 10% tax.
Death/disability benefits remain exempt.

Professional Services
Independent professionals (doctors, lawyers, architects, accountants, software engineers): 15% withholding tax.
Specified services: rate increased from 6% to 7%.

Export Sector
Export of goods tax reduced from 2% to 1.25%.
IT and IT-enabled services remain taxed at 0.25% until 2029.

FBR Digital Integration
10% tax credit on hardware/software purchased for FBR integration.
Non-integrated businesses may face disallowance of 5% of expenses.

Faceless Tax System
Introduction of faceless audits, appeals and assessments.
Establishment of a National Faceless Centre.

Banking Data Sharing
Banks and EMIs to report accounts with deposits/withdrawals exceeding Rs100 million.
Enhanced data sharing between FBR and financial institutions.

ATL Rules Tightened
Late filers removed from ATL.
Higher surcharge for regaining ATL status:
Individuals: Rs25,000
AOPs: Rs50,000
Companies: Rs100,000

Remittance Abroad
Advance tax on payments abroad through debit/credit/prepaid cards reduced from 5% to 0.5%.
 
"Crux of the finance minister's budget speech so far....my boss is great and his boss is even greater and trump likes both of them a lot" Asad Umar statement over budget is on point.
 
ghazi52 said:
View attachment 201576
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See data above

INFLATION in 2027 is 8.2% ?!
2026 - 7.0%

This is way too high compared to GDP Growth Target (4.0% vs 3.7% in 2026)

Past data:

Pakistan Inflation Rate | Historical Chart & Data

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
www.macrotrends.net www.macrotrends.net
Terrible numbers - this is seriously concerning.

We need to stop treating the economy like a kid game and should start taking it much more seriously. It's time to change our mindset.

Economy is nukes, not kid games!
 
Defense Budget - 39.62% +

The Government of Pakistan has announced a increase of 39.62% in funding for defense physical assets, which finances procurement of arms, ammunition, military equipment and related acquisitions, in the 2026-27 defense budget of Pakistan.

Pakistan is serious about fighting, and winning, in this new age of warfare.

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6 hours ago
 
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RocketLaw said:
We need to stop treating the economy like a kid game and should start taking it much more seriously. It's time to change our mindset.
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Who's we? We not ruining the economy, tell this to those in charge and their makers.
 
Blueishere said:
Who's we? We not ruining the economy, tell this to those in charge and their makers.
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Yes you are right, I think someway below

"We" can mean all of us in different ways

We - vote in elections every five years.
We - choose our leaders.
We - all have some responsibility as citizens.
We - can work hard and contribute to our society.
We - can help protect and improve our country.
We - can vote out bad leaders and support better ones.

Of course, those in power have the biggest influence but citizens (we the citizens) also play a role in shaping the country's future, yes we do make progress very slowly and getting better slowly compared to 2000-2010 the worst.
 
Fatman17 said:
For a country of 250m people.
Health allocation 0.8%
Education allocation 0.8%

Pakistan Zindabad 🇵🇰
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Pakistan's Education system - zero

education-1.jpg

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ghazi52 said:
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are these financials are correct ?

major expenses like Defense, Pension & running Govt office are spent over the budgeted target but revenue collations not reaching the target.
 
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