20 h. ago PTI proposes PPP boycott of federal budget to block government’s approval

Pakistan Tehreek-e-Insaf (PTI) has formally urged the Pakistan Peoples Party (PPP) to boycott the upcoming federal budget vote. This strategic move aims to increase pressure on the government and block the budget’s approval in the National Assembly. Senior PTI leader Asad Qaiser met with PPP’s Raja Pervez Ashraf at Parliament House to discuss a joint […]

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4 d. ago Federal govt strengthens fight against tax fraud with harsh penalties

The federal government has decided to take strong actions to stop sales tax evasion in Pakistan. They want to increase tax registration and reduce the sales tax gap across the country. New rules were introduced in the Finance Bill 2024-25 to improve compliance and promote digital transactions. Under these new rules, tax officials can ask […]

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5 d. ago Pakistan’s plan to sharply increase growth faces headwinds – analysts

Pakistan is aiming to sharply increase economic growth under its annual federal budget unveiled on Tuesday, but analysts are skeptical about the country’s ability to meet its ambitious goals. The budget targets higher revenues and a steep fiscal deficit cut under International Monetary Fund (IMF) backed reforms. Yet, defense spending was hiked 20 percent, excluding […]

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6 d. ago Youth skill development gets a boost in Pakistan’s 2025 budget

The federal government has allocated Rs. 4.3 billion for the Prime Minister’s Youth Skill Development Program in the 2025-26 budget. This initiative aims to train 161,500 young individuals in various technical fields to enhance employment opportunities. The program is designed to equip youth with market-driven skills, helping them secure better jobs and boost economic growth. […]

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6 d. ago Over Rs. 14 billion set aside for health projects in budget 2025

The federal government has announced Rs. 14.3 billion in funding for the health sector under the Public Sector Development Program (PSDP) for the fiscal year 2025-26. The funds will support 21 ongoing projects across the country aimed at improving healthcare services. During the budget speech, Finance Minister Muhammad Aurangzeb stated that the goal is to […]

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6 d. ago Reforms in pension policy: Family pensions limited to 10 years in budget 2025

The federal government has introduced key pension reforms in the Budget 2025-26. These changes aim to ease pressure on the national treasury. Finance Minister Muhammad Aurangzeb shared these updates during his budget speech. He explained that the pension system had seen several changes through executive orders over past decades. These changes increased the financial burden […]

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6 d. ago Federal government takes 16 development projects from Sindh, assigns them to housing ministry

The federal government has transferred 16 key development projects in Sindh to the Ministry of Housing instead of the provincial government. Chief Minister Sindh, Syed Murad Ali Shah, called this move an attack on provincial autonomy. These projects are part of the budget for 2025-2026, aimed at improving infrastructure in major cities across Sindh. The […]

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6 d. ago Freelancers warn govt: Tax plan threatens $1B+ in foreign earnings

Pakistan’s freelancers and digital content creators are strongly opposing proposed tax measures in the upcoming federal budget. They believe such policies will hurt the fast-growing digital economy. Experts argue the focus should be on boosting foreign exchange earnings, not taxing struggling freelancers. They are urging the government to support digital workers who bring in millions […]

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6 d. ago Budget 2025–26: Govt to roll out Rs17.6 trillion plan with major tax reforms

ISLAMABAD – The federal government will present a massive Rs17,600 billion budget for the fiscal year 2025–26 in the National Assembly today. The session will begin at 5 PM under the chairmanship of Speaker Ayaz Sadiq. Earlier, Prime Minister Shehbaz Sharif will lead a federal cabinet meeting at 4 PM to approve the budget draft. […]

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1 week ago Fruit Juice Industry calls on Govt to scrap 20pc Tax in Budget 2025

LAHORE – Fruit Juice Council (FJC) called on government to intervene and recommend the abolition of the 20% Federal Excise

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2 w. ago Govt may hike tax on bank profits to fund relief for salaried class

In an attempt to offer some relief to the salaried class, the Federal Board of Revenue (FBR) is considering increasing tax on interest income by 2%. This tax would apply to interest earned from commercial banks and savings schemes. The proposal is part of budget discussions for the fiscal year 2025–26 and is under review […]

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2 w. ago Industrial raw materials duty cuts under review for FY26 budget: Commerce committee updates

Prime Minister’s Special Assistant on Industries and Production, Haroon Akhtar Khan, is set to present proposals for reducing duties on industrial raw materials in the upcoming fiscal year 2025–26 budget. These measures aim to boost local manufacturing by making raw materials and industrial machinery more affordable. The proposals were discussed in the National Assembly Standing […]

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2 w. ago Rs1 trillion+ development budget aims to transform roads, water, and energy sectors

The federal government plans to spend more than Rs1 trillion on development projects in the fiscal year 2025-26. This large budget will fund important areas such as roads, water supply, power generation, and higher education. Officials say this shows the government’s commitment to improving infrastructure and social services across the country. The Annual Plan Coordination […]

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2 w. ago Govt to end tax relief for tribal areas in next budget, aims to raise Rs45 billion

The federal government plans to end the sales tax exemption for former tribal areas in the upcoming 2025-26 budget. This move could help the government raise over Rs45 billion in revenue. The decision will also impact electricity supplies to the ex-FATA and PATA regions, ending years of tax relief provided after their merger with Khyber […]

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3 w. ago Govt pledges full support for textile exports in upcoming budget

  ISLAMABAD – Federal Minister for Commerce Jam Kamal Khan has assured the textile sector of strong government support in the upcoming federal budget, aiming to boost exports and strengthen industrial growth. He shared these views during a high-level meeting with a delegation from the Pakistan Textile Council (PTC) in Islamabad. The PTC delegation, led […]

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4 w. ago Second round of IMF budget talks begins, govt may offer tax relief to salaried class

ISLAMABAD – The second round of budget talks between Pakistan’s economic team and the International Monetary Fund (IMF) has officially begun, with discussions focused on finalizing revenue and spending plans for the upcoming fiscal year. A key point of the talks includes potential income tax relief for salaried individuals. According to sources, the government plans […]

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