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The federal budget for the upcoming fiscal year (FY26-27) is set to be presented in the upper and lower houses of the Parliament today.

Finance Minister Muhammad Aurangzeb is expected to present the financial plan in the National Assembly at 3pm, and later in the Senate, according to Parliamentary Affairs Minister Tariq Fazal Chaudhry.

The coalition government is set to unveil fresh tax measures worth Rs660 billion to Rs700bn in the budget, according to a Dawn report.

Significant relief is planned for salaried individuals earning between Rs230,000 and Rs341,000 a month in the upcoming budget, but a large segment of those making between Rs100,000 and Rs183,000 per month may not see any change, official sources said.*