Pakistan Budget for FY 2026-27

[ghazi52]

KP govt agrees to reduce IDC rate to 0.75pc from 2pc​

June 20, 2026



PESHAWAR: The provincial government of Khyber Pakhtunkhwa has accepted the long-standing demand of the business community and announced to reduce the rate of the provincial Infrastructure Development Cess (IDC) from 2 percent to 0.75 percent.

This important announcement was made by the Advisor to Chief Minister of Khyber Pakhtunkhwa on Finance, Muzammil Aslam, in a high-level consultative meeting regarding the provincial budget 2026-27, which was attended by the presidents of chambers of commerce from across Khyber Pakhtunkhwa, business leaders and government officials.

 

[ghazi52]

Approx 3.5 millions shopkeepers to be brought into tax net​

June 20, 2026
By Naveed Butt
B Recorder

ISLAMABAD: Minister of State for Finance and Revenue Bilal Azhar Kayani announced on Friday that approximately 3.5 million shopkeepers will be brought into the tax net during the fiscal year 2026-27 as part of the government’s efforts to broaden the tax base and enhance revenue collection.

The Minister expressed these views in the National Assembly debate on the federal budget 2026-27. He said the government’s economic policies are focused on strengthening the economy and promoting inclusive growth.

He said a new scheme had been introduced to bring small traders into the formal tax system.