Islamabad, June 23 -- The National Assembly has approved the federal budget for the fiscal year 2026-27 after deliberations during a session chaired by Speaker Sardar Ayaz Sadiq.

Lawmakers endorsed the budget proposals and passed the Finance Bill, paving the way for the implementation of various tax and fiscal measures from July 1.

Following the approval of the budget, the Speaker adjourned the National Assembly session until 11am on the following day.

Under the Finance Bill 2026-27, imported vehicles with engine capacities ranging from 2,000cc to 3,000cc will be subject to an 86 percent duty from July 1. Imported vehicles above 3,000cc will face a 92 percent duty under the revised taxation framework.

The bill also provides tax exempt...