6 h. ago FBR urges to end special tax treatment for banks, calls for uniform tax rules

The Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial has urged the Senate Standing Committee on Finance to abolish the special tax treatment given to banks. He recommended that banks be taxed under the same rules as other companies. During his briefing, Langrial questioned why banks are exempt from the normal tax regime applied […]

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6 h. ago No more amnesty schemes as govt shifts focus to widening tax net: Finance Minister

ISLAMABAD – Finance Minister Muhammad Aurangzeb has made it clear that the upcoming federal budget will not include any tax amnesty schemes. He stated that the era of tax exemptions and reliefs for tax evaders is over, as the government now aims to expand the tax net and improve transparency in the system. During a […]

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48 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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4 d. ago Senate urges FBR to set clear limits for arrests in tax fraud cases

ISLAMABAD – The Senate Standing Committee on Finance has asked the Federal Board of Revenue (FBR) to define clear thresholds for allowing arrests in tax fraud cases under the proposed Finance Bill 2025-26. Lawmakers stressed the need for fairness and clarity before granting such powers. In the current proposal, FBR seeks powers to arrest individuals, […]

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6 d. ago Sindh’s budget boost: Sales tax cut to 8%, new rules to help businesses thrive

The Sindh government has announced major tax reforms in its FY2025-26 budget to support businesses and boost revenue. It plans to reduce the sales tax on services from 10% to 8%, cutting it by 2%. This reduction aims to simplify the tax system and reduce the financial pressure on both businesses and consumers. In a […]

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7 d. ago Sindh presents Rs 3.45 trillion budget with salary and pension increases

Sindh Chief Minister Syed Murad Ali Shah presented the budget for the fiscal year 2025-26, totaling Rs 3.45 trillion. He announced a 10 to 12 percent ad hoc relief allowance for government employees. Additionally, five taxes will be abolished to reduce the financial burden on citizens, including the removal of professional tax and entertainment duty. […]

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8 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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1 week ago Budget 2025 imposes 18% tax on imported solar panels to boost local industry

The federal government presented the Budget 2025-26 in the National Assembly today. Finance Minister Muhammad Aurangzeb unveiled a key proposal aimed at reforming the country’s sales tax system. One of the major changes includes imposing a new tax on solar panel imports. The finance minister announced an 18% sales tax on imported solar panels. This […]

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3 w. ago Finance ministry releases economic outlook: Tax revenue and exports see strong growth

ISLAMABAD: The Finance Ministry of Pakistan has released its latest Economic Outlook Report, showing notable improvements in tax collection, exports, and inflation control. According to the report, the government collected 36.7% more tax revenue compared to the previous year, indicating a stronger grip on fiscal management. The report highlights a significant drop in inflation, which […]

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3 w. ago Punjab Government Prepares Fiscal Strategy to Boost Revenue and Economic Growth

Lahore – The Punjab government is adopting a proactive approach to prepare for the upcoming fiscal year by focusing on expanding provincial resources and enhancing revenue generation. In a recent meeting of the Cabinet Committee on Resource Mobilisation, chaired by Punjab Finance Minister Mujtaba Shuja-ur-Rehman, key officials from tax and revenue departments reviewed projected financial […]

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3 w. ago No final decision yet on civil, military salaries; tax relief planned for salaried class: Finance Minister

Finance Minister Muhammad Aurangzeb has said that no final decision has been made yet on salary increases for civil and military employees in the upcoming budget. However, the government is actively working on measures to reduce the tax burden on the salaried class. Speaking at an event in Islamabad, Aurangzeb stated, “While no concrete announcement […]

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