ISLAMABAD – In a shocking revelation, the government reported a massive rise in tax exemption costs, reaching Rs5.8 trillion this year. This marks a record increase of Rs2 trillion in just the first year of the current government’s tenure. The data was released in the Economic Survey 2025, presented by Finance Minister Muhammad Aurangzeb. Surprisingly, […]
Tax exemptions
Tax exemptions to salary raise – what has budget 2021-22 in store for us?
Shaukat Tarin, the fourth finance minister in the PTI government, will present his first budget in parliament less than a week from now, on June 11. The public can expect several changes in the previous policies with respect to salaries, taxes and income. It is highly likely that tax cuts and exemptions will be reduced. […]
No tax exemptions for PM, ministers, governors: Asad Umar
ISLAMABAD: Finance Minister Asad Umar on Tuesday presented Pakistan Tehreek-e-Insaf (PTI) government’s amendments to the finance bill 2018 in the National Assembly, according to which the prime minister, ministers and governors will not be exempted from tax paying. Asad Umar presented amendments before a National Assembly session headed by Speaker Asad Qaiser. He said changes […]