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ISLAMABAD: A parliamentary committee on Thursday continued its deliberations on the Finance Bill 2026, examining proposals related to sales tax exemptions, import regulations, income tax amendments, digital tax administration, and sector-specific concessions.
A meeting of the National Assembly’s Standing Committee on Finance, chaired by Naveed Qamar, took up three key proposals for discussion, including the expansion of sales tax on retail prices, a 15-year tax exemption for Pakistan International Airlines (PIA), and the removal of taxes on stationery items.
The Federal Board of Revenue (FBR) informed the committee that the proposal seeks to include 21 additional categories covering hundreds of consumer products, including packaged food, beverages, cosmetics, insecticides, and household goods.
It was explained that for locally manufactured products, retail prices would be printed at the manufacturing stage. It was further pointed out that small manufacturers often charge full prices but do not pay the corresponding sales tax.
