3 d. 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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6 d. 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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6 d. 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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9 d. 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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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 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 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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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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3 w. ago IMF leaves without final deal, budget talks with Pakistan to continue

ISLAMABAD – May 25, 2025: The International Monetary Fund (IMF) ended its 10-day visit to Pakistan without reaching a final agreement, saying that discussions on the fiscal year 2026 budget will continue in the coming days. In a statement, outgoing IMF Mission Chief Nathan Porter said both sides are still working to agree on key […]

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3 w. ago Pakistan and IMF yet to finalize budget targets, talks to continue

Pakistan and the International Monetary Fund (IMF) have not yet reached a full agreement on next year’s budget targets. The IMF team visited Pakistan from May 19 and held discussions with government officials. Talks covered the country’s economic situation, loan program progress, and key budget goals. Although both sides made progress, some matters are still […]

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3 w. ago IMF ties tax relief for salaried class to reduced public expenditure

As negotiations between Pakistan and the International Monetary Fund (IMF) near conclusion, the global lender has conditioned any meaningful tax relief for salaried individuals, property owners, beverage producers, and exporters on substantial reductions in government expenditure. The IMF team, which is wrapping up its visit to Islamabad on Friday, has made it clear that increased […]

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3 w. ago IMF urges Pakistan to cut provincial spending, improve tax collection

Pakistan is in ongoing talks with the International Monetary Fund (IMF) to finalize the budget framework for the next fiscal year. According to government sources, no strict conditions have been agreed upon yet. However, Pakistan has shared all required economic data with the IMF and is answering follow-up questions related to budget targets and economic […]

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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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