28 h. ago Pakistan sets bold industrial revival plan to boost exports and cut imports

ISLAMABAD – The government has finalized a new industrial policy to revive Pakistan’s struggling industrial sector. The Prime Minister’s Committee on Industrial Policy approved key reforms in a recent meeting chaired by SAPM Haroon Akhtar Khan. The policy focuses on increasing exports, reducing imports, and helping small businesses grow. Officials said the industry’s share in […]

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5 d. ago Big cut in LPG Rates in Pakistan ahead of July Petrol Price Review

ISLAMABAD – Relief for masses as Oil and Gas Regulatory Authority (OGRA) announced drop in price of Liquefied Petroleum Gas

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1 week ago Expected Income Tax on Pakistanis earning 1.5 Lac per Month from July 2025; full chart here

ISLAMABAD – Some breath of fresh air for inflation weary salaried people, as Pakistani government proposed sweeping income tax cuts

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1 week ago Aurangzeb unveils new taxes on mutual funds, poultry, and government securities in budget speech

Finance Minister Muhammad Aurangzeb announced fresh tax measures in the National Assembly during his budget speech for FY2025-26. He introduced a 29% tax on income from the debt portion of mutual funds for companies. He also proposed a 20% tax on profits earned by corporations through government securities. Additionally, the poultry sector will now face […]

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1 week ago Pakistan targets 30% electric vehicle sales by 2030 to cut emissions and save oil

LAHORE – Pakistan has set an ambitious goal to make 30% of all new vehicle sales electric by 2030, aiming to reduce pollution, lower fuel imports, and create thousands of green jobs. Speaking at a workshop in Lahore on Saturday, Special Assistant to the Prime Minister on Industries and Production Haroon Akhtar Khan said 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 Punjab govt hikes agricultural income tax, targets Rs10.5 billion revenue

The Punjab government has announced a significant increase in taxes on agricultural income as part of its budgetary measures for the new fiscal year. The government has set a tax revenue target of Rs 10.5 billion from agricultural income, marking a sharp rise of 200% compared to the previous fiscal year’s collection. According to the […]

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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 FBR says banks pay 53% tax on income, seeks end to special privileges

ISLAMABAD: The Federal Board of Revenue (FBR) has revealed that banks in Pakistan pay a heavy 53% tax on their income. FBR Chairman Rashid Langrial disclosed this during a meeting of the National Assembly’s Standing Committee on Finance on Thursday, sparking discussions on the tax structure for financial institutions. He stated that the government wants […]

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2 w. ago Cheaper used cars in Pakistan soon as govt cuts import Duty from Sep 25

ISLAMABAD – Good news for auto lovers as Pakistan has made changes related to the ban on older vehicle imports,

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2 w. 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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2 w. ago Solar panels get cheaper in Pakistan after cut from 18pc sales tax to 10pc

ISLAMABAD – The solar panels have gotten cheaper in Pakistan after cut of 18 percent in sales tax to 10

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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 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 Solar Prices in Pakistan to come down despite 18pc Sales Tax on Imported Units

ISLAMABAD – Pakistan is set to witness a cut in solar prices despite imposing an 18 percent Sales Tax on

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3 w. ago Finance minister says salaried class given maximum relief in FY2025

ISLAMABAD – Federal Finance Minister Muhammad Aurangzeb said that the government provided as much relief as possible to the salaried

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3 w. ago Govt gave maximum relief to salaried class in budget, says finance minister

Finance Minister Senator Muhammad Aurangzeb said the government provided as much relief as possible to the lower and salaried classes. The minister said the aim was to ease the burden on those affected most by inflation. He assured the public that relief measures were designed carefully. These steps reflect the government’s effort to support struggling […]

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3 w. ago Pakistan’s budget 2025: Salary hike, tax cuts, and economic growth

Pakistan’s federal government has presented a historic budget of 175 trillion rupees for the 2025-26 fiscal year. The budget was unveiled by Finance Minister Muhammad Aurangzeb in the National Assembly, amid protests from opposition members. In his speech, the minister emphasized economic progress and congratulated Pakistan’s leadership for its recent victory in the war with […]

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4 w. ago Sindh CM vows budget relief for salaried class, slams power companies

SEHWAN – Sindh Chief Minister Murad Ali Shah has assured the public that the upcoming provincial budget will bring much-needed relief for the salaried class. Speaking to the media in his hometown, he acknowledged the severe impact of inflation on working individuals and promised that the Sindh government is committed to easing their financial burden. While […]

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4 w. ago Solar prices in Pakistan to get higher despite Big Cut in Net Metering Rates

ISLAMABAD – Solar energy in Pakistan witnessed a boom in recent years as high electricity costs and unreliable supply are

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