The Finance Bill 2025 has introduced a series of significant proposals to amend the Sales Tax Act, 1990, aimed at expanding the tax base, enhancing compliance, and curbing tax evasion.
(more…)Author: Shahnawaz Akhter
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Summary of income tax amendments through Finance Bill 2025
The Finance Bill 2025 proposes wide-ranging amendments to the Income Tax Ordinance, 2001, aimed at restructuring the tax regime for tax year 2026, starting from July 1, 2025.
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Finance Bill 2025 revises tax structure on immovable properties
Karachi, June 11, 2025 – In a dramatic shake-up of the real estate sector, the Finance Bill 2025 has introduced sweeping changes that deliver substantial relief for buyers of immovable properties, while significantly increasing the tax burden on sellers.
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KSE-100 index hits new record high in celebration of FY26 budget
Karachi, June 11, 2025 – The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) surged to a historic high of 124,352 points on Wednesday, as investors responded enthusiastically to the newly announced federal budget for FY2025-26.
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Finance Bill 2025 imposes 20% tax rate on bank profit
Karachi, June 11, 2025 – In a move set to impact millions of savers and investors across the country, the government has proposed a notable increase in the tax rate on profit earned from bank deposits under the Finance Bill 2025.
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Super tax shake-up unveiled in Finance Bill 2025
Islamabad, June 11, 2025 – In a move that has sent ripples across Pakistan’s corporate and high-net-worth sectors, the government has proposed a dramatic revision of the super tax regime through the highly anticipated Finance Bill 2025.
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FPCCI welcomes budget 2025-26, calls for further reforms
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has offered a cautiously optimistic response to the federal budget 2025-26, praising several key measures while urging the government to address overlooked areas in the coming months.
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KCCI slams FY26 budget as camouflage of illusions
In a fiery response to the unveiling of the Federal Budget 2025-26, the Karachi Chamber of Commerce and Industry (KCCI) has slammed the government’s fiscal roadmap as nothing more than a “camouflage”—a deceptive mirage shrouding the painful realities and unrealistic ambitions for the coming year.
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Govt sets Rs1.47 trillion petroleum levy target FY26
In a major revenue-generating initiative, the federal government has set a target of Rs1.47 trillion in petroleum levy collection for the upcoming fiscal year 2025-26, reflecting a sharp 26.4% increase compared to revised estimates of the current fiscal year. This aggressive approach is outlined in the Finance Bill 2025-26 and underscores the government’s reliance on non-divisible revenue sources to meet fiscal targets.
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Comprehensive tariff reforms unveiled in Finance Bill 2025
In a significant move under the Finance Bill 2025, the federal government has launched an extensive customs reform and tariff rationalization initiative aimed at simplifying the tax regime, reducing import costs, and aligning Pakistan’s trade practices with international standards. Central to these reforms is the introduction of new tariff slabs and the overhaul of existing duties, reflecting a policy shift toward greater efficiency and transparency in customs procedures.
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