The Federal Budget for FY 2026-27 is scheduled for Friday, 12 June 2026. This page tracks pre-budget expectations now and switches to live coverage when the Finance Minister starts the speech. Every calculator on the site flips to the new slabs the moment the Finance Act 2026 lands.
Speech is confirmed for Friday, 12 June 2026 in the National Assembly. IMF staff-level review remains the main external constraint on revenue measures. Industry wishlists (FPCCI, OICCI, P@SHA, ABAD) have been submitted - links in the expectations guide. Slab tables and calculator outputs on this site are still set to TY 2025-26 - they will flip on speech day.
Plausible shapes the Finance Act 2026 could take. These are analytical placeholders - none are forecasts. The actual measures will be summarised on this page within hours of the speech.
FBR revenue target tightened, slab relief modest or absent, surcharge retained, broader tax base.
Political-cycle pressure prompts further slab cuts and a partial surcharge withdrawal.
No headline slab changes; FA 2026 is largely a continuation of FA 2025 with cosmetic tweaks.
Did the FA 2025 entry-rate cut hold? Was the PKR 10M surcharge tweaked? Top-slab status?
236C / 236K rate movement, 7E deemed income, valuation table updates, ATL-only relief.
PSEB 0.25% continuity, Section 154A scope, banking-channel requirements.
PSX dividend WHT, Section 37A regime, mutual fund AMC rates, foreign dividend treatment.
Staff-level agreement targets, tax-to-GDP commitments, retailer & agriculture taxation.
Top-of-funnel summary of every cluster in one place. Good starting read.
Every calculator on this site reads from the same slab tables. Pick "Tax Year 2026-27" today and you'll see the placeholder (currently aliased to TY 2025-26). The numbers update everywhere once the Finance Act 2026 is gazetted.
Short headlines from FBR, PSEB, SBP, and SECP - curated so you can keep up in under a minute.
Parliamentary Affairs Minister Tariq Fazal Chaudhry said the FY2026-27 federal budget will likely be tabled on 12 June, with National Assembly and Senate sessions slated for 10 June after PML-N and PPP aligned on the broad framework.
Pakistan's National Economic Council meeting was postponed for the third time as the centre seeks over PKR 1tn in extra strategic spending while provinces resist a freeze on NFC shares; KP estimates PKR 170-180bn in losses.
The Sustainable Development Policy Institute called on policymakers to broaden the tax base and cut tariff distortions in the FY27 budget, urging relief for salaried workers who currently shoulder a disproportionate share of direct tax.
Business leaders urged Islamabad to reinstate the 1% Final Tax Regime for exporters, arguing the shift to the Normal Tax Regime under the Finance Act 2024 has hurt outbound trade and eroded competitiveness of yarn and fabric.
The government rolled out a voluntary scheme letting retailers with annual sales up to PKR 200m pay a flat 1% turnover tax with no audits, no POS, and no digital invoicing - widely seen as a political compromise over real documentation.
IMF-led fiscal consolidation will block any meaningful corporate relief in the FY2026-27 budget, with FBR's revenue target set near PKR 15.2tn and pricing pressure on fuel and essentials expected to persist into the new year.
The National Economic Council is weighing lifting the federal PSDP from PKR 1.126tn to over PKR 1.3tn for FY27, even as roughly 25% of ongoing projects show cost overruns and nearly 79% are running behind schedule.
The Economic Coordination Committee approved over PKR 40bn in supplementary grants and a PKR 100bn facility for PSO, which faces PKR 900bn+ in receivables, while expanding bureaucratic stipends despite IMF cuts on development spend.
The questions we hear most in the run-up to speech day.
The Federal Budget for FY 2026-27 is scheduled to be presented in Parliament on Friday, 12 June 2026, in line with the constitutional requirement that the budget be tabled before the start of the next fiscal year (1 July). The Finance Act 2026 follows within days of the speech.
Pre-budget speculation centres on whether the 1% entry rate from FA 2025 holds, whether the 10% surcharge above PKR 10M is extended, and whether IMF conditionality pushes for any upward revision. The slabs on this site are aliased to TY 2025-26 until the FM's speech confirms the actual numbers.
PSEB-registered IT exporters have been taxed at 0.25% final tax on export receipts under Section 154A. P@SHA and industry bodies have lobbied for continuity. We will update the IT-export guides and calculators within hours of any change.
Pakistan remains in an IMF programme. The Fund's staff-level agreements have historically required higher tax-to-GDP ratios, expanded retailer / agriculture taxation, and energy-sector revenue measures. Watch for those signals in the FM's speech.