ISLAMABAD: Finance Minister Muhammad Aurangzeb has indicated that the government intends to gradually phase out the super tax, describing its eventual elimination as a key policy objective. Speaking during a meeting of the Senate Standing Committee on Finance, the finance minister said the government’s direction was clear and focused on ending the super tax over […]
super tax
Pakistan Business Forum called on the government to abolish super tax
The Pakistan Business Forum has called on the government to abolish super tax and introduce business-friendly reforms in its budget proposals for fiscal year 2026-27. The forum submitted its recommendations to the Ministry of Finance, urging policymakers to prioritise economic growth and reduce the cost of doing business. Read More: EU-Pakistan business forum launched, opening […]
Industry welcomes relief package as investors flag tax concerns
KARACHI: While local industry and exporters have welcomed Prime Minister Shehbaz Sharif’s newly announced relief package, foreign investors have raised concerns over demand notices issued by the Federal Board of Revenue (FBR) following the Federal Constitutional Court’s ruling upholding the super tax. Read More: Government plans relief for salaried class, industries next budget The Overseas Investors […]
Karachi Chamber of Commerce and Industry opposes aggressive recovery of super tax
The Karachi Chamber of Commerce and Industry (KCCI) has voiced strong concern over the government’s move to aggressively recover super tax following the Federal Constitutional Court’s recent decision upholding the levy’s legality, warning that abrupt demands could severely disrupt business activity. Read More: KCCI, LCCI join hands to push for economic revival In a statement […]
FCC upholds super tax, overturns high court verdicts
The Federal Constitutional Court (FCC) on Tuesday declared the super tax constitutionally valid, setting aside earlier judgements of the high courts and affirming parliament’s exclusive authority to impose taxes under the Constitution. Read More: FCC adjourns hearing of super tax case until today In a landmark ruling, the FCC upheld Sections 4-B and 4-C of the Income […]
FCC upholds super tax in landmark ruling
Accepting the authority of Parliament to legislate on imposing taxes, the Federal Constitution Court (FCC) on Tuesday – in a landmark ruling with far-reaching constitutional and fiscal implications – upheld the vires of the super tax. This means that means Section 4-B and the 4-C of the Income Tax Ordinance (ITO), 2001 will be applicable […]