In a major budget announcement, Deputy Prime Minister and Foreign Minister Ishaq Dar said the government has revised key tax decisions after consulting coalition partners. Speaking in the National Assembly, he confirmed that the digital sales tax on services will remain under provincial control, as per the Constitution. This decision follows broad consultations, including talks […]
General Sales Tax (GST)
Govt targets Rs20bn from 18% GST on imported solar panels
ISLAMABAD – The federal government plans to collect Rs20 billion in revenue next fiscal year by imposing an 18% General Sales Tax (GST) on imported solar panels and photovoltaic cells. This tax move suggests authorities expect solar imports to exceed Rs110 billion in 2025-26, despite concerns from the energy sector. Finance Minister Muhammad Aurangzeb announced […]
Govt plans kisan relief Package and GST cut to support farmers
ISLAMABAD – The federal government is working on a major relief package for farmers, which may include a cut in General Sales Tax (GST) on cotton and targeted subsidies. The goal is to reduce input costs and help farmers cope with climate-related challenges. The proposal was discussed during a high-level meeting between Federal Minister for […]
Government proposes new tax on petroleum products, delays potential price cuts
The Pakistani government is considering a new tax on petroleum products, which could lead to a delay in expected price cuts. The proposal, under review by the Petroleum Division, suggests an additional 4.12 rupees per liter in costs, which may cancel out potential relief for consumers due to lower international oil prices. The price adjustment, […]