1 week ago Asad Qaiser demands tax relief for FATA until stability returns

Senior PTI leader Asad Qaiser has demanded that the government stop imposing taxes on the former FATA region until peace is restored. Speaking to media at the Parliament House, he said the area has not yet seen development or stability, so citizens should not be burdened with taxes. Qaiser argued that there is no justification […]

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1 week ago Germany approves €46 billion corporate tax relief to boost economy

Germany’s parliament passed a €46 billion corporate tax relief package on Thursday to support businesses and encourage investment across the country. This move aims to revive Europe’s largest economy after two years of economic decline. The new government calls the package an “investment booster.” It offers companies generous tax breaks, including depreciation benefits of up […]

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1 week ago PM Shehbaz announces tax relief on farm machinery to boost agriculture reform

Prime Minister Shehbaz Sharif has ordered a phased reduction in taxes on agricultural machinery to promote modern farming and increase productivity in Pakistan’s vital farm sector. This move aims to support farmers and drive economic growth. During a high-level agriculture meeting on Wednesday, the prime minister called the sector the “backbone of the national economy.” […]

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1 week ago Sindh CM unveils ambitious fiscal plans, highlights Rs254b allocation for Karachi

KARACHI: Sindh Chief Minister Syed Murad Ali Shah on Monday concluded the provincial assembly’s budget debate for fiscal year 2025–26, outlining a series of development initiatives while defending the government’s allocations. In his address, Shah also criticized the federal government’s fiscal shortfalls and discussed how Sindh’s development budget is substantially higher than that of other […]

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1 week ago Lawmakers urge restraint as Trump faces backlash over Iran strikes

A growing number of U.S. lawmakers from both parties are calling for Congress to limit President Donald Trump’s military powers after his recent strikes on Iran’s nuclear sites. The attacks have sparked fears of another prolonged conflict in the Middle East. Democratic Senator Tim Kaine plans to push for a Senate vote this week, urging […]

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2 w. ago Sindh assembly debate highlights government achievements and opposition concerns

KARACHI: The Sindh Assembly continued its budget debate for the fifth consecutive day on Saturday, with a focus on the provincial government’s efforts to enhance public services and address key challenges across the province. The session, chaired by Deputy Speaker Anthony Naveed, saw various ministers outlining their departments’ performance and addressing concerns raised by the […]

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2 w. ago Pakistan cuts Income Tax from 5% to 1% for Salaried Class earning up to Rs12lac a year

ISLAMABAD – Sigh of relief for inflation weary salaried class as Pakistani government slashed income tax rate for individuals earning

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2 w. ago Parliamentary committee approves further tax relief for salaried class

ISLAMABAD – June 21, 2025: The National Assembly’s Standing Committee on Finance has approved a major tax relief proposal for the salaried class, reducing the income tax rate on mid-level earners. In a meeting chaired by MNA Syed Naveed Qamar, the committee reviewed and gave clause-by-clause approval to key income tax amendments included in the […]

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2 w. ago Lawmakers call for charter of economy for sustainable growth

Resuming debate on budget for fiscal year 2025-26 on Friday, lawmakers at National Assembly emphasized the need to accelerate reforms, adhere to an export-led growth strategy, and develop a charter of economy to ensure policy consistency, which they said is essential for achieving sustainable development. Participating in the debate, Pakistan Peoples Party (PPP) MNA Dr. […]

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2 w. ago Senate informed: 2,500 civil servants hold dual nationalities, bill still pending

ISLAMABAD – The Senate was informed on Wednesday that around 2,500 civil servants, including four federal secretaries, currently hold dual nationality. The revelation sparked debate during the ongoing budget session, highlighting national security and policy concerns. PML-N Senator Afnan Ullah Khan, who raised the issue, stated that he had submitted a bill to ban dual-national […]

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2 w. ago Government accepts four major PPP demands, clears path for federal budget approval

The government has accepted four key demands from its coalition partner, the Pakistan Peoples Party (PPP), paving the way for smooth approval of the federal budget in the National Assembly. These demands include a reduction in GST on solar panels and full restoration of funds for Sindh’s universities. During the budget debate on Wednesday, Deputy […]

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2 w. ago Good News for Alto Buyers as Govt drops Sales Tax surge on Small Cars

ISLAMABAD – Some relief for small car owners as the government plans no tax hike on Alto and other 850cc

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2 w. ago President calls for targeted relief measures for salaried and underprivileged groups

ISLAMABAD: President Asif Ali Zardari on Tuesday called on the federal government to include effective measures in the upcoming federal budget to alleviate the financial burden on the salaried class, pensioners, laborers, and other underprivileged segments of society. The president emphasized the need for prioritizing the welfare of the common man during a meeting with […]

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3 w. ago Lawmakers urge tax relief, slam harsh measures in federal budget debate

ISLAMABAD – Lawmakers from across party lines voiced strong concerns during the National Assembly’s budget debate on Saturday, calling for meaningful tax relief for the public and opposing aggressive tax enforcement measures. While some appreciated key incentives, many demanded greater fairness and economic balance in the 2025-26 federal budget. Defence Minister Khawaja Asif said Pakistan […]

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3 w. ago Salaried class still faces heavy Rs535 billion tax burden despite budget relief

The government plans to collect Rs535 billion in income tax from the salaried class in FY 2025-26, despite offering only Rs56 billion in tax relief. The relief comes from a 2% to 4% reduction in tax rates across various salary slabs. However, the National Assembly Standing Committee on Finance called this relief a “joke,” saying […]

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3 w. ago IMF rejection halts Pakistan’s $6 billion refinery upgrade plans

Pakistan’s plans to upgrade its oil refineries hit a roadblock after the IMF rejected key government proposals linked to tax relief. The proposals were designed to support $6 billion in investment aimed at producing cleaner, Euro-V standard fuels. This decision has stalled the upgrade projects, according to officials from the Petroleum Division. The government had […]

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3 w. ago Tax relief proposed for fertilizers, pesticides—but farmers still disappointed

In the newly announced federal budget 2025–26, the Pakistani government has proposed to continue sales tax exemptions on fertilizers and pesticides, in an attempt to support the agriculture sector, considered the backbone of the economy. Despite this relief, key stakeholders have voiced dissatisfaction, saying many promises remain unfulfilled. During his budget speech in Parliament, Finance […]

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3 w. ago New BISP Kafalat installment as allocation announced in Budget 2025

ISLAMABAD – The federal government has announced a slew of measures to ensure social protection of marginalised segment of society

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3 w. 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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4 w. ago Bilawal calls on US lawmakers to back Pakistan’s peace efforts

In a series of high-level meetings with members of the US House Foreign Affairs Committee, Pakistan Peoples Party (PPP) Chairman and former foreign minister Bilawal Bhutto Zardari cautioned against India’s increasingly aggressive posture, warning it could destabilise the entire South Asian region. Leading a multi-party Pakistani delegation to Washington, Bilawal urged American lawmakers to back […]

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