Islamabad: The National Assembly Standing Committee on Finance and Revenue has sought detailed revenue estimates and fiscal impact assessments of the tax relief measures proposed in the Federal Budget 2026-27, expressing concern over their potential impact on government revenues.
The committee met at Parliament House under the chairmanship of Syed Naveed Qamar and received a comprehensive briefing from the Minister of State for Finance and senior officials of the Federal Board of Revenue (FBR) on proposed tax measures, fiscal reforms and revenue initiatives included in the budget.
The chairman questioned whether the anticipated revenue losses from the proposed concessions had been properly quantified and sought details of the government's strategy to offset any fiscal shortfall. He stressed the need to broaden the tax base and improve compliance while ensuring that tax relief measures remain equitable and economically justified.
Members of the committee also discussed relief for salaried individuals amid rising inflation and living costs and sought clarification on whether revised tax slabs would provide meaningful benefits to middle-income groups. Concerns were also raised regarding property tax reductions, incentives for the IT sector and the effectiveness of these measures in promoting investment, exports and sustainable economic growth.
The committee was informed that the budget package includes eleven relief measures, ten rationalization measures and five administrative reforms aimed at encouraging investment, strengthening revenue collection and improving tax compliance.
Officials highlighted major relief measures, including a reduction in exporters' minimum tax from 2 percent to 1.25 percent, continuation of the Final Tax Regime for IT exporters, revised tax slabs for salaried individuals, lower withholding taxes on property transactions and reduced super tax rates for certain corporate taxpayers.
The committee was further informed about administrative reforms, including the establishment of a National Faceless Audit Wing and National Assessment Wing, increased use of third-party data, digital invoicing systems and an AI-supported Central Data Hub for compliance monitoring.
The committee approved the minutes of its previous meeting held on June 13, 2026.