22 h. ago Taxing the luxuries: Senate supports Levy on elite clubs, offers relief to salaried class

ISLAMABAD – In a strong move towards fairer taxation, the Senate Standing Committee on Finance has backed a proposal to tax the profits of Pakistan’s elite private clubs. These high-end recreational centers, such as the Islamabad Club, serve only a few thousand wealthy members while holding billions in assets and bank reserves, the Federal Board […]

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23 h. ago “Clubs are for the elite’s luxury”: Govt approves tax on major clubs, says FBR chief

The Senate Standing Committee on Finance has approved a proposal to impose taxes on elite private clubs. The meeting took place under the chairmanship of Senator Saleem Mandviwalla. FBR Chairman Rashid Mahmood Langrial said that these clubs are built for the luxury of a few thousand people. He stressed that many of them own land […]

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27 h. ago Senate panel approves tax on online educational platforms, academies in Pakistan

ISLAMABAD – The Senate Standing Committee on Finance on Wednesday approved a proposal to impose taxes on online educational institutions

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7 d. ago FBR targets tobacco sector after sugar success to boost tax collections

Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial announced a major crackdown on tax evasion in the tobacco sector following a successful enforcement drive in the sugar industry. The FBR increased sugar sector tax collections by 39 percent without raising tax rates. Now, it plans similar strict measures for tobacco, retail, and other key […]

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7 d. ago Solar panel prices surge as 18% import tax looms, traders and PSA sound alarm

  Solar panel prices have jumped sharply across Pakistan ahead of a proposed 18% sales tax on imports, expected from July 1, 2025. Though the tax is still pending formal approval, many sellers have already raised prices. This early increase has shocked consumers and stirred tension in the market. Some buyers are walking away after […]

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2 w. ago IMF approves defence budget hike, tax cuts for salaried class in major relief move

ISLAMABAD – In a significant breakthrough, the International Monetary Fund (IMF) has agreed to two key demands from Pakistan: increasing the defence budget and providing tax relief to the salaried class, according to official sources. The government successfully convinced the IMF that rising national security needs could not be delayed. As a result, the IMF […]

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2 w. ago Salaried class likely to get tax relief in budget after IMF approval

The International Monetary Fund (IMF) has reportedly agreed to provide income tax relief to the salaried class in the 2025-26 federal budget, it is learnt. The global lender has given “in-principle” approval to slash income tax rates across various salary brackets. The proposed relief is expected to cost the government between Rs56 billion and Rs60 […]

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4 w. ago PM pushes for IMF approval to lower FBR tax target by Rs250 billion for FY26

Prime Minister Shehbaz Sharif has asked the International Monetary Fund (IMF) to allow a cut in next year’s tax target. The government wants to reduce the Federal Board of Revenue’s (FBR) target by Rs250 billion for fiscal year 2025–26. The proposed target is Rs14,057 billion, instead of the earlier Rs14,307 billion. Officials say this change […]

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