The Salaried Class Alliance of Pakistan (SCAP) has rejected the government’s claim of giving income tax relief in Budget 2025–26. In a press conference at Karachi Press Club, SCAP members said the Rs10 billion relief is just “number juggling.” They accused the government of misleading the public with small reductions while planning to collect Rs540 […]
Budget 2025-26
Budget 2025-26: GST hike may raise hybrid car prices by up to PKR 1.4 million
The federal government has proposed increasing the General Sales Tax (GST) on hybrid vehicles from 8.5% to 18% in the 2025-26 budget. This change is expected to raise prices of many popular hybrid car models by PKR 1 to 1.4 million across Pakistan, making these eco-friendly options less affordable for buyers. According to ProPakistani, the […]
Rs13.5 billion allocated for digital growth: Pakistan’s 2025 budget fuels IT and tech infrastructure
The federal government has proposed Rs13.5 billion for IT and digital infrastructure projects in the 2025-26 Public Sector Development Programme (PSDP). The goal is to accelerate digital transformation and strengthen Pakistan’s IT ecosystem. The budget includes 12 ongoing projects under the Ministry of Information Technology and Telecommunications (MoITT), with a total cost of Rs85.7 billion. […]
Over Rs. 14 billion set aside for health projects in budget 2025-26
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 […]
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 […]
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 […]
National assembly session begins, finance minister presents budget 2025-26
The National Assembly started its session today, with the Finance Minister presenting the budget for 2025-26. Despite protests from opposition members, the session began on schedule under the leadership of Speaker Ayaz Sadiq. Prime Minister Shehbaz Sharif has already arrived at the assembly to witness the proceedings. The government aims to demonstrate strength and unity, […]
Govt plans tough actions against non-filers in budget 2025–26
The federal government is set to present the budget for 2025–26 today. This time, strict actions are expected against tax non-filers. Sources say a foreign travel ban for non-filers is under consideration. At the same time, the withholding tax on cash withdrawals above Rs 50,000 may double from 0.6% to 1.2%. Moreover, while mobile SIMs […]
Govt plans to cut taxes on used car imports in budget 2025-26
ISLAMABAD – The government is considering reducing taxes on used car imports in the upcoming federal budget. This move is aimed at making imported vehicles more affordable for the public. The plan will be part of the 2025-26 budget, which is set to be presented today. Sources say the proposal was also shared with the […]
Salaries, pensions up by 10%, new taxes worth Rs2 trillion in budget 2025–26
ISLAMABAD – The budget documents for the fiscal year 2025–26 have been revealed ahead of the formal presentation in Parliament. According to details, the total proposed budget size is Rs17,573 billion. Of this, Rs1,000 billion is allocated for development spending, while non-development expenditures are projected to be Rs16,286 billion. The government proposes Rs2 trillion in […]