ISLAMABAD:
President Asif Ali Zardari has officially signed the Finance Bill 2026 into law following its approval by both the National Assembly and the Senate. The signing took place after the bill was passed through the necessary legislative processes.
In accordance with the Constitution, the bill, which includes various fiscal measures for the upcoming financial year, was presented to President Zardari after being debated and passed in both houses of Parliament.
Following the president’s signature, the official Gazette notification has been issued, making the bill’s provisions effective immediately.
On June 10, Finance Minister Muhammad Aurangzeb unveiled a Rs17.6 trillion federal budget for fiscal year 2025-26, laying stress on the government’s focus on economic stability and growth.
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In his budget speech in the National Assembly marred by the opposition’s pandemonium, Aurangzeb outlined key economic achievements, saying that remittances have reached $31.2 billion, with projections to rise to $37-38 billion by the end of the current financial year.
Last week, National Assembly approved the budget with certain amendments, rejecting opposition calls for public consultation and clearing the way for a raft of tax reforms, revenue measures, and government spending plans for the coming year.
The session, chaired by Speaker Ayaz Sadiq, began with Aurangzeb moving the Finance Bill 2025, which was taken up for a clause-by-clause review.
Opposition members proposed an amendment to delay the approval of the bill and seek public consultation, but this amendment was overwhelmingly rejected.
