ISLAMABAD: The Senate on Thursday adopted several recommendations regarding the federal budget for FY2026-27, seeking an increase in the income tax exemption threshold for low-income earners, a reduction in electricity bills and increased taxes on luxury assets.
A motion for this purpose was moved by Senate Standing Committee on Finance and Revenue Chairperson Saleem Mandviwalla.
The standing committee finalised the recommendations earlier in the day. The report was then laid before the Senate for adoption and would now be transmitted to the National Assembly (NA), as per the Constitution.
The NA will take up the recommendations before the final vote on the budget. However, these recommendations are not binding.
The Senate’s recommendations include:
