Karachi, June 11, 2025 – The Finance Bill 2025 has introduced a major increase in income tax for individuals who are not on the Active Taxpayers List (ATL), targeting the profit they earn from bank deposits.
(more…)Author: Shahnawaz Akhter
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Summary of sales tax amendments through Finance Bill 2025
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.
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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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