Jamaat-e-Islami chief Hafiz Naeemur Rehman has called on the government to provide tax relief for salaried individuals earning up to Rs. 125,000 per month in the upcoming budget. Speaking at a press conference in Karachi, he expressed deep concern over the increasing tax burden on the middle class, saying it is pushing salaried workers into […]
salaried individuals
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 […]
Pakistan plans major tax reforms for salaried class and pensioners ahead of IMF talks
Pakistan is considering key changes in its tax policy for the upcoming budget of fiscal year 2025-26. The Federal Board of Revenue (FBR) plans to increase the annual tax exemption limit for salaried individuals from Rs600,000 to possibly Rs1,000,000 or Rs1,200,000. These proposals come ahead of the International Monetary Fund (IMF) mission’s visit on May […]