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…
Trending
Trending Topics
Govt Slaps Heavy Tax on FB, Google, Daraz & Digital vendors
2 min read
ISLAMABAD: The federal government is set to enforce the Digital Presence Proceeds Levy Act 2025, introducing a new 5% tax on global and domestic digital…
Movie Tickets to Get Expensive as Govt Withdraws Cinema Tax Exemption
2 min read
ISLAMABAD: Moviegoers may soon have to pay more for tickets, as the federal government has proposed to withdraw the cinema tax exemption in the FY2025…
Govt Plans 5% Digital Services Tax in Upcoming FY2025-26 Budget
2 min read
The federal government of Pakistan plans to introduce a 5% digital services tax in the upcoming FY2025-26 budget. This move could reshape the country’s digital…
IMF Supports Tax Cut for Salaried, Rejects Wealth Levies
2 min read
The International Monetary Fund (IMF) has dismissed Pakistan’s latest efforts to introduce a capital value tax on movable assets such as “cash” and “gold,” as…
Govt Secures Tax Relief for Salaried Class in IMF Budget Talks
2 min read
ISLAMABAD: The federal government has reportedly secured income tax relief for the salaried class during ongoing budget negotiations with the International Monetary Fund (IMF), marking…
Inflation-Adjusted Salary Hike Expected in Budget 2025-26
2 min read
ISLAMABAD: An inflation-adjusted salary hike is expected in the upcoming federal budget for 2025-26 to support the salaried class amid rising inflation. Simultaneously, the government…
Pakistan Gains IMF Nod to Cut Tax Burden on Salaried Class
2 min read
Pakistan has received preliminary approval from the International Monetary Fund (IMF) to reduce income tax rates for salaried individuals in the upcoming 2025-26 federal budget.…
FBR to Double Tax on Non-Filers’ Cash Withdrawals from July 2025
2 min read
ISLAMABAD: The Federal Board of Revenue (FBR) has recommended a significant increase in withholding tax on cash withdrawals by non-filers, from the current 0.6% to…
PBC Budget Proposals Urge GST Cuts and Relief for Salaried Class
4 min read
KARACHI: Business leaders, including the Pakistan Business Council (PBC), have unveiled key recommendations ahead of the federal budget, urging the government to incorporate PBC budget…
No Tax On Solar Panel Import, FBR Announced
2 min read
The Federal Board of Revenue (FBR) Chairman, Rashid Mahmood Langrial, has stated that there are no plans to impose taxes on solar panels import in…
Luxury Cars in Pakistan to Get Pricier After Budget 2025-26
2 min read
ISLAMABAD: Luxury cars in Pakistan are expected to become more expensive after Budget 2025-26, as the federal government prepares to raise advance taxes on high-end…
Budget to Feature Tax Relief, Bold Reforms: Finance Minister
3 min read
ISLAMABAD: Finance Minister Muhammad Aurangzeb announced that the upcoming federal budget will introduce simplified tax returns for the salaried class and bold economic measures to…
Rs1.079 Trillion Power Sector Subsidy Likely in FY2025-26 Budget
2 min read
ISLAMABAD: The federal government is expected to allocate a power sector subsidy of Rs1.079 trillion (Rs1,079 billion) for the fiscal year 2025-26 budget, according to…
Latest News
