Pakistan’s President Asif Ali Zardari has formally approved the Finance Bill for the fiscal year 2026-27, enacting a national budget of Rs17.5718.8 trillion (approximately $58 billion). The budget, initially presented by Finance Minister Muhammad Aurangzeb on June 12th, aims to provide tax relief to higher-income earners and businesses through adjustments to income, sales, and customs taxes. It prioritizes increased documentation, digital compliance, and investment within the country’s economy. The National Assembly passed the budget after rejecting amendments proposed by the opposition, but did incorporate changes suggested by the Finance Committee. Key amendments include the removal of duties on mineral water and sales tax exemptions for local airlines importing aircraft. The approved budget also modifies excise duties on imported vehicles, particularly electric cars and SUVs, and adjusts Federal Excise Duty on certain beverages.