Taxation
FBR and IMF Agree to Cut Pakistan’s Tax Collection Target
The Federal Board of Revenue (FBR) and the International Monetary Fund (IMF) have reportedly agreed to reduce Pakistan’s tax collection target by Rs150 billion. The revised target lowers the annual goal from Rs14.131 trillion to Rs13.981 trillion, reflecting adjustments in…
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Higher Tax Likely on Packaged Food (Milk, Chips) in Budget 2025-26
2 min read
In an effort to boost fiscal revenue without burdening low-income groups, the federal government is set to impose Federal Excise Duty (FED) and additional sales…
Govt to Slap 18% Sales Tax on Imported Raw Materials in Double Tax Shock
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ISLAMABAD: The Federal Board of Revenue (FBR) has confirmed that the government will soon impose an 18% sales tax on imported raw materials for exports,…
Pak Budget 2025-26: New Taxes on YouTubers, Freelancers & Pensioners
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As the clock ticks toward the June 2, 2025, budget announcement, Pakistan’s federal government appears poised to introduce a series of sweeping tax reforms in…
IMF Relief Measures for Pakistan Budget 2025 Still Under Review
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Amid ongoing negotiations, officials concerned have not yet approved IMF relief measures for Pakistan budget 2025, as discussions with the government continue over proposed tax…
FBR to Block SIMs of 450,000+ Non-Filers ( Shared data with Telecos)
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In a major push to expand the tax base, the Federal Board of Revenue (FBR) has initiated a campaign involving SIM blocking for non-filers, sharing…
Senate Raises Concern Over Sales Tax Refund Delay for Key Export Sectors
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ISLAMABAD: The Senate Standing Committee on Finance and Revenue has raised serious concern over the persistent sales tax refund delay, particularly affecting the food export…
P@SHA Seeks Clarity for IT Sector in Next Budget
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The Pakistan Software Houses Association (P@SHA) is seeking clear tax regulations for the IT and IT-enabled Services (ITeS) sector in the Federal Budget 2025-26. As…
Junk Food Items to Get 5% FED in Upcoming Budget
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ISLAMABAD: The federal government is planning to introduce a five percent Federal Excise Duty on ultra-processed foods in the upcoming budget, aiming to collect Rs250…
New Property Tax System for All Provinces in FY2025-26
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All four provincial governments in Pakistan are preparing to roll out a new, IMF-supported property tax system as part of the fiscal year 2025-26 budget.…
