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 […]
Tax relief
Govt to end tax relief for tribal areas in next budget, aims to raise Rs45 billion
The federal government plans to end the sales tax exemption for former tribal areas in the upcoming 2025-26 budget. This move could help the government raise over Rs45 billion in revenue. The decision will also impact electricity supplies to the ex-FATA and PATA regions, ending years of tax relief provided after their merger with Khyber […]
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 […]
IMF urges Pakistan to cut provincial spending, improve tax collection
Pakistan is in ongoing talks with the International Monetary Fund (IMF) to finalize the budget framework for the next fiscal year. According to government sources, no strict conditions have been agreed upon yet. However, Pakistan has shared all required economic data with the IMF and is answering follow-up questions related to budget targets and economic […]
Tax relief demands from salaried class alliance ahead of FY26 budget
The Salaried Class Alliance Pakistan has requested the government to revise tax slabs and increase exemption limits. In a letter to Finance Minister Senator Muhammad Aurangzeb, the Alliance highlighted soaring tax collections from salaried individuals. They reported that revenue from this group increased from Rs 76 billion in 2019 to an expected Rs 570 billion […]
Government considers corporate tax cuts for FY26 budget
The government is exploring a reduction in the Corporate Tax Rate in the upcoming FY26 budget. Officials aim to provide additional tax relief in various areas to stimulate the economy. They see this potential change as an opportunity to encourage investment and boost job creation across Pakistan. Government leaders are looking to utilize fiscal space […]
Govt announces special tax relief measures, introduces steps to enhance tax to GDP ratio
ISLAMABAD: Minister for Finance Shaukat Tarin on Friday said that the government had taken several measures in order to provide tax relief to already tax payers, besides introducing steps to enhance tax to GDP ratio, which was at the lowest level as compared the regional countries. Presenting the federal budget 2021-22 in the National Assembly, […]
Govt likely to enact presidential ordinance for tax amnesty scheme today
ISLAMABAD: The federal government can enact a presidential ordinance today to bring into effect a tax amnesty scheme announced earlier this week, sources claimed. On Thursday, Prime Minister Shahid Khaqan Abbasi introduced a fresh tax amnesty scheme for nonpayers as a part of five-point amendments package on income tax, which was criticised by the Pakistan Tehreek-e-Insaf (PTI) […]