Karachi, June 22, 2025 – The Pakistan Yarn Merchants Association (PYMA) has called on the federal government to urgently address anomalies in the duty structure on yarn as outlined in the Budget 2025-26.
(more…)Category: Budget 2025-26
This category provide latest updates related to budget 2025-26. Pkrevenue is committed to provide latest updates related to budget 2025-26.
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Senate recommends enhancing limit for eligible transactions
Karachi, June 22, 2025 – The Senate of Pakistan has proposed significant changes to the Finance Bill, 2025, recommending a substantial increase in the threshold of financial resources required for certain transactions.
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FBR moves to track undocumented transactions via banks
ISLAMABAD, June 22, 2025 – The Federal Board of Revenue (FBR) has unveiled a key initiative under the Finance Bill 2025-26 aimed at curbing undocumented economic activity by capturing high-value banking transactions made by unregistered businesses across Pakistan.
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FBR proposes tax concessions on SCRA investments
ISLAMABAD, June 22, 2025 – The Federal Board of Revenue (FBR) has proposed a key amendment under the Finance Bill 2025-26 aimed at regulating tax benefits for investments made through Special Convertible Rupee Accounts (SCRA).
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Senate recommends amendments to FBR’s arrest powers
Islamabad, June 22, 2025 — The Senate of Pakistan has formally submitted a set of recommendations to the National Assembly, seeking crucial amendments to the arrest powers of Federal Board of Revenue (FBR) officers under the proposed Finance Bill, 2025.
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Senate proposes major relief on salary tax in Finance Bill 2025
Islamabad, June 21, 2025 — In a move aimed at providing relief to salaried individuals, the Senate of Pakistan has recommended increasing the tax exemption threshold on salary income from the existing Rs600,000 to Rs1.2 million per annum.
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Salary income up to Rs1.2 million to pay 1% tax: Aurangzeb
Islamabad, June 21, 2025 – Finance Minister Senator Muhammad Aurangzeb on Saturday announced significant tax relief for the salaried class, stating that salary income of up to Rs1.2 million annually will now be subject to only 1% income tax from the next fiscal year.
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Foreign investors strongly oppose FBR’s proposed arrest powers
Karachi, June 21, 2025 – Foreign investors operating in Pakistan have voiced strong opposition to the sweeping powers of arrest proposed for Federal Board of Revenue (FBR) officials under the Finance Bill 2025-26.
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FBR clarifies arrest powers proposed under Finance Bill 2025
Islamabad, June 20, 2025 — The Federal Board of Revenue (FBR) on Friday issued a detailed clarification regarding the arrest provisions proposed in the Finance Bill 2025, aiming to address widespread confusion and public concern over its interpretation.
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Punjab Finance Bill 2025 introduces sweeping sales tax reforms
LAHORE, June 20, 2025 – The Punjab government has unveiled far-reaching changes to its sales tax regime under the Punjab Finance Bill 2025, marking a major structural reform aimed at expanding the tax base and digitizing the provincial economy.
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