BUDGET 2026-27 : NA panel rejects FBR bid to access bank account data

A parliamentary committee rejected the Federal Board of Revenue's (FBR) proposal to access taxpayers' bank account data, citing misuse concerns. The committee approved tax rates for salaried individuals, imposed a 41% levy on luxury vehicles above 3,000cc, and maintained a 4% tax on IT services, while lawmakers criticized insufficient relief for the middle class.