Pakistan IMF Budget Talks Signal Possible Mobile Phone Tax Cuts

Pakistan and the International Monetary Fund have completed negotiations on the federal budget for fiscal year 2026‑27, which is set to be presented on 5 June. Sources indicate the budget could total around 18 trillion rupees, with a tax target of roughly 15.3 trillion rupees and projected revenues from customs, excise, sales, and petroleum duties.

A prominent proposal under discussion would lower the import duty on premium smartphones from the current 25 percent to 18 percent. If approved, the reduction could make high‑end devices such as iPhones and flagship Samsung models cheaper for Pakistani consumers. Domestic manufacturers have warned that cheaper imports might hurt local sales, and officials have hinted that the existing high‑tax structure on imported phones may remain unchanged.

The budget also includes new revenue measures, including a possible 220 billion‑rupee levy and adjustments to tax brackets for salaried workers, while earmarking funds for debt repayment and non‑tax income.