National Assembly Standing Committee on Finance

Pakistan's Parliament passed the Rs18.8 trillion FY27 budget 11 days after its presentation, incorporating 30 government-backed amendments while rejecting all opposition proposals. The process faced disruptions and protests, with calls for longer legislative debates to improve transparency and accountability. Recent progress includes increased parliamentary participation and technical support for budget scrutiny by the finance committee.

The National Assembly Standing Committee on Finance approved 30 major amendments to the Finance Bill 2026, including tax collection reforms for imported mobile phones, mandatory digital production monitoring, and duty waivers for electric vehicles. The revised bill introduces tax stamps, barcodes for goods clearance, and algorithm-based dispute resolution, with final approval pending in the National Assembly.

A parliamentary committee in Pakistan questioned the government's mobile phone taxation policy and proposed taxes on high-end electric vehicles. The committee finalized recommendations for the Finance Bill 2026, highlighting a tiered tax structure for imported mobile phones and revenue figures from Apple devices. Tax relief for airlines was extended beyond Pakistan International Airlines, but lawmakers raised concerns about consumer relief and potential revenue shortfalls.