Taxation
Tax Returns Hit Rs. 5.9 Million: No More Blanket Extension for Filers
Pakistan has reached a major tax milestone as income tax return filings surged to 5.9 million by October 31, 2025. The figure marks a 17.6% increase compared to the 5 million returns filed during the same period last year. Prime…
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IMF Supports Tax Cut for Salaried, Rejects Wealth Levies
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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…
Bahria Town’s Icon Tower to Be Auctioned by FBR due to tax Default
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ISLAMABAD: The Federal Board of Revenue (FBR) has officially announced the auction of Bahria Icon Tower in Karachi, along with the Mall of Islamabad, to…
Govt Plans 18% Sales Tax on Ex-Tribal Area Goods
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ISLAMABAD: The federal government is preparing to introduce a significant fiscal change by imposing an 18% sales tax on goods produced in the former tribal…
