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Senate Panel Approves E-Commerce Tax in Finance Bill 2025–26
ISLAMABAD: The Senate Standing Committee on Finance and Revenue has recommended reducing the sales tax on stationery items from 10% to zero, while also endorsing…
Punjab Set to Present FY 2025-26 Budget Today
LAHORE: The Punjab government is all set to unveil its budget for the financial year 2025-26 today, marking a key milestone in Chief Minister Maryam…
FBR Chief reveals Rs1.2 Trillion Tax Evasion amid Budget Reforms
ISLAMABAD: Chairman Federal Board of Revenue (FBR) Rashid Langrial has revealed that the wealthy class is involved in tax evasion worth Rs 1,233 billion. He…
Sindh unveils Rs3.45 Trillion Tax-Relief Budget to Stimulate Growth
KARACHI: The Sindh government has announced a pro-growth provincial budget for FY 2025–26, totaling Rs3.45 trillion, with a focus on tax relief, development spending, and…
FBR Reverses Tax Relief for Low-Income Salaried Persons
ISLAMABAD: The Federal Board of Revenue (FBR) has reversed the proposed tax relief for low-income salaried persons, according to a statement made during a session…
Govt Sets Rs75,000 Limit on Cash Withdrawals by Non-Filers
ISLAMABAD: The federal government has increased the cash withdrawal limit from Rs50,000 to Rs75,000 for applying the withholding tax on cash withdrawals by non-filers, aiming…
Standing Committee Flags Concerns Over Finance Bill Proposals and FBR Reforms
A meeting of the Standing Committee on Finance and Revenue was held today at the Parliament House, Islamabad, under the chairmanship of Syed Naveed Qamar,…
World Bank Approves Additional $70 Million Credit
The World Bank has approved an additional $70 million credit for the Pakistan Raises Revenue project, bringing the total funding to $470 million. This financing…
BISP Strategic Meeting With Partner Banks To Review Q4 Tranche Disbursement
The Benazir Income Support Programme (BISP) recently held a crucial high-level coordination meeting with its partner banks. The main concern was to strategize for the…
Petroleum Levy in Pakistan Set to Rise Under IMF Commitments
ISLAMABAD: The federal government has announced a substantial increase in the petroleum levy in Pakistan for the fiscal year 2025-26, in line with the conditions…
Special Relief Package Confirmed for Armed Forces in the Budget
ISLAMABAD: A special relief allowance for armed forces personnel was announced as part of the federal budget proposals for fiscal year 2025-26, Secretary of Finance…
IMF Raises Concerns Over Rs344Bn in Unapproved Govt Grants
ISLAMABAD: The International Monetary Fund has raised concerns over the federal government’s disbursement of Rs344 billion in grants to multiple sectors without obtaining approval from…
