The Senate Standing Committee on Finance has made important budget recommendations. They suggest increasing government employees’ pensions by 20 percent, much higher than the previous 7 percent proposal. In addition, they want to raise salaries by 50 percent instead of just 10 percent. These changes aim to help workers face rising living costs. Moreover, the […]
Senate Standing Committee on Finance
Govt’s Rs2.5 per litre carbon tax plan rejected by senate committee
The Senate Standing Committee on Finance has rejected the government’s proposal to impose a Rs2.5 per litre carbon levy on fuel. This proposed levy, part of the federal budget, was expected to generate Rs48 billion to fund green energy projects. However, committee members expressed serious concerns over rising inflation and fuel prices already burdening the […]
“Clubs are for the elite’s luxury”: Govt approves tax on major clubs, says FBR chief
The Senate Standing Committee on Finance has approved a proposal to impose taxes on elite private clubs. The meeting took place under the chairmanship of Senator Saleem Mandviwalla. FBR Chairman Rashid Mahmood Langrial said that these clubs are built for the luxury of a few thousand people. He stressed that many of them own land […]
Senate urges FBR to set clear limits for arrests in tax fraud cases
ISLAMABAD – The Senate Standing Committee on Finance has asked the Federal Board of Revenue (FBR) to define clear thresholds for allowing arrests in tax fraud cases under the proposed Finance Bill 2025-26. Lawmakers stressed the need for fairness and clarity before granting such powers. In the current proposal, FBR seeks powers to arrest individuals, […]