Karachi, June 17, 2025 — The Sindh government has proposed several revisions to service descriptions and rates of Sindh Sales Tax (SST) as part of the Finance Bill 2025, including a significant increase in tax on freight services.
(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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Salient Features of Sindh Finance Bill 2025
Karachi, June 17, 2025 – The Sindh government has officially presented the Sindh Finance Bill 2025, proposing a wide array of structural amendments to the Sindh Sales Tax on Services Act, 2011.
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Sindh embraces UN CPC system for sales tax on services
Karachi, June 17, 2025 – In a significant move towards international standardization, the Sindh government has proposed adopting the Central Product Classification (CPC) coding system Version 2.1, as issued by the United Nations, for the administration of sales tax on services under the Sindh Finance Bill, 2025.
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Sindh abolishes five levies through provincial Finance Bill 2025
Karachi, June 17, 2025 – The Sindh government has proposed a major fiscal reform in its provincial budget for 2025-26 by abolishing five longstanding levies.
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Finance Bill 2025 restricts court stays on customs auctions
Karachi, June 17, 2025 – The Finance Bill 2025 has introduced significant amendments to the Customs Act, 1969, aimed at curbing unnecessary delays in the auction process of goods, particularly through the misuse of court stay orders.
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FBR to issue negative list of exempt services in Islamabad
Islamabad, June 17, 2025 – The Federal Board of Revenue (FBR) is set to issue a formal negative list identifying exempt services within the Islamabad Capital Territory for the upcoming fiscal year 2025-26.
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Punjab announces salary, pension increases in 2025-26 Budget
Lahore, June 16, 2025 – The Punjab government has announced a 10% increase in salary and a 5% increase in pension for provincial government employees as part of its budget for the fiscal year 2025-26.
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Punjab unveils Rs5.34 trillion budget for FY2025-26
Lahore, June 16, 2025 – The Government of Punjab presented a record-breaking budget of Rs5.34 trillion for the fiscal year 2025-26, marking a significant leap in development spending and fiscal targets.
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FBR exposes influential figures involved in tax fraud
Islamabad, June 16, 2025 – The Federal Board of Revenue (FBR) has revealed that several influential individuals, including a former senator and ex-customs official, were involved in high-value tax fraud, prompting renewed debate over the FBR’s proposed arrest powers in the Finance Bill, 2025.
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SDPI raises alarm over implications of budget 2025-26
Islamabad, June 15, 2025 — The Sustainable Development Policy Institute (SDPI) has raised serious concerns over the far-reaching implications of the federal budget 2025-26, warning that its measures could compromise Pakistan’s economic stability, debt management, climate goals, and social protection frameworks.
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