taxes
Govt Likely to Expand Taxes on Digital Services
As Pakistan moves towards Budget 2026-27, fresh tax ideas have been proposed to bring more sectors into the system. The Institute of Cost and Management…
Petroleum Levy Collection Hits Record Rs 822 Billion in First Half of FY2025
Pakistan recorded its highest-ever petroleum levy collection in the first half of a fiscal year, as revenues surged to Rs 822.93 billion during July–December 2025.…
Banks to Stay Open for Extended Hours on Saturday to Facilitate Tax Payments
In a move to ease taxpayer transactions, the State Bank of Pakistan (SBP) has announced that all commercial banks, including National Bank of Pakistan branches…
Pakistan to Review High Smartphone Taxes via Parliamentary Committee, Lawmaker Says
A growing outcry over high taxes on smartphones and mobile device registrations has prompted the government to promise action, with lawmaker Qasim Gilani saying a…
Industries Ministry Seeks End to Customs & Import Taxes
The Ministry of Industries has recommended eliminating customs and import duties under the new National Industrial Policy (NIP) 2025–2030 to revive Pakistan’s industrial competitiveness and…
IMF Agrees to Revise Pakistan’s Tax Collection Target for FY2025
The International Monetary Fund (IMF) has agreed in principle to reduce Pakistan’s tax collection target for the ongoing fiscal year by Rs160 billion. Under the…
Govt Weighs New Taxes to Fund Islamabad’s Jinnah Medical Complex
The federal government is weighing the option of introducing new taxes in Islamabad to meet the operational costs of the upcoming Jinnah Medical Complex and…
Punjab Announces Electricity and Tax Relief for Flood-Affected Families
Punjab Finance Minister Mujtaba Shuja-ur-Rehman has announced electricity bill and tax relief for flood-affected families, pledging that the provincial government will stand by them with…
Tax on Prize Bonds and Savings Profits Doubled for Non-Filers
New withholding tax rates have been implemented on tax on prize bonds and profits from National Savings Schemes, sharply raising rates for non-filers to encourage…
New Taxes Prompt Courier Companies to Raise Delivery Charges
Major courier companies have notified their customers, including registered E-commerce companies and online traders, that the government will charge them the newly imposed taxes from…
Pakistan’s Digital Boom Now in Tax Crosshairs: 5M+ Earners to Pay Up
Islamabad – Pakistan’s National Assembly Standing Committee on Finance is advancing a key clause in the Finance Bill 2025-26, proposing to tax online businesses that…
Pakistan’s Textile Giants Warn of Export Collapse Without Budget Fixes
ISLAMABAD: Textile exporters in Pakistan have called on the federal government to reverse key budgetary policies, warning that continued disruption of supply chains could severely…
Cars and Auto Parts Likely to Become Cheaper After Budget in Pakistan
In the upcoming 2025-26 budget, cars and auto parts are likely to become cheaper. The Pakistani automotive industry is already on track finally as we…
