The National Assembly on Tuesday passed the Finance Bill, 2026, for the fiscal year 2026-27, incorporating certain amendments, with the support of its coalition partners, reported Aaj News.
The NA session has been adjourned till 11am Wednesday (tomorrow).
Finance Minister Muhammad Aurangzeb presented the bill in the House, which includes several government-backed amendments, during a budget session marked by heated protests from opposition parties.
Amendments proposed by Aurangzeb were accepted, while all opposition-proposed amendments were rejected, said Aaj News.
Days ago, Aurangzeb unveiled a Rs18.77 trillion federal budget for fiscal year 2026-27, extending relief to the salaried class and tax incentives to exporters, real estate, and construction sectors to revive industry, promote investment, and steer the economy towards a 4% growth target.
Despite facing an estimated revenue shortfall of around Rs1 trillion in the outgoing fiscal year, the government set an ambitious revenue target of Rs15.264 trillion for FY2026-27. Against the revised revenue estimate of Rs12.983 trillion for the current fiscal year, the target reflects a robust 17.6% growth in revenue collection for the next year.
Shortly after the budget presentation, the Federal Board of Revenue (FBR) released the Finance Bill 2026-27. On the same day, the Finance Minister moved a copy of the proposed Finance Bill 2026 in the Senate.
On June 15, the Senate commenced its debate on the proposed federal budget.
The National Assembly Standing Committee on Finance on Sunday cautioned the government against introducing legislative amendments without adequate technical examination and parliamentary scrutiny under the Finance Bill (2026).
The committee seriously observed that last-minute changes could compromise legislative quality, create legal ambiguities, and lead to implementation challenges.
Chairman Syed Naveed Qamar emphasised that a balanced and sector-neutral framework would not only enhance competition but also contribute to a stronger, more resilient, and efficient aviation industry.