The 2026-27 budget introduces new taxes on household items, potentially increasing inflation. Additional tax measures worth 650 billion rupees are included.
Islamabad: (Right Now News) The federal budget for 2026-27 has proposed significant measures to increase tax revenues. The Federal Board of Revenue (FBR) has recommended imposing taxes on various household items.
Sources have revealed that a tax target of 15,264 billion rupees has been set for the upcoming fiscal year. Additionally, 650 billion rupees in extra tax measures are included in the budget, with 150 billion rupees in new taxes.
Under the new budget, a sales tax on retail-packed items has been proposed. Taxes are also recommended on milk, baby formula, and other products.
An 18% General Sales Tax (GST) is proposed on ghee, edible oil, sweets, and pasta. Taxes will also apply to retail-packed agricultural medicines, disinfectant products, and plastic household items.
It should be noted that the government has imposed a 30% to 40% tax on luxury vehicles. A 3% tax on commercial importers and a 5% tax on unregistered suppliers have also been implemented.
