Budget 2025-26 Archives - Page 19 of 38

Agriculture sector share rises to 23.54% of GDP in FY25

June 9, 2025June 9, 2025Shahnawaz Akhter

Islamabad, June 9, 2025 – The Economic Survey of Pakistan 2024-25 has reported that the agriculture sector contributed 23.54% to the country’s Gross Domestic Product (GDP), reflecting its continued structural significance.

Economic Survey 2024-25: Pakistan’s GDP Grows by 2.68%

June 9, 2025June 9, 2025Shahnawaz Akhter

Islamabad, June 9, 2025 – The Economic Survey of Pakistan 2024-25 has reported a modest yet significant GDP growth of 2.68%, marking a period of gradual economic recovery and stabilization across key macroeconomic indicators.

Pakistan’s tax exemptions skyrocket to Rs5.84 trillion FY25

June 9, 2025June 9, 2025Shahnawaz Akhter

Islamabad, June 9, 2025 – Pakistan’s tax exemptions and concessions have soared to a record Rs5.84 trillion during the fiscal year 2024-25, as revealed in the Economic Survey of Pakistan 2024-25 launched today by Finance Minister Mohammad Aurangzeb.

Aurangzeb highlights achievements in Economic Survey 2024-25

June 9, 2025June 9, 2025Shahnawaz Akhter

Islamabad, June 9, 2025 – Finance Minister Mohammad Aurangzeb officially launched the Economic Survey for the fiscal year 2024-25, sharing encouraging news of a 2.68% GDP growth and a significant drop in inflation.

FPCCI calls for abolition of Section 7E to prevent capital flight

June 9, 2025June 9, 2025Shahnawaz Akhter

Karachi, June 9, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has made a strong appeal to the government to abolish Section 7E of the Income Tax Ordinance, 2001 in the upcoming federal budget for 2025–26.

FPCCI urges elimination of further tax in FY26 budget

June 9, 2025June 9, 2025Shahnawaz Akhter

Karachi, June 9, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has made a strong appeal to the government to abolish the “further tax” imposed under the Sales Tax Act in the upcoming federal budget for 2025–26.

ICMAP proposes GST reforms to tax offshore sellers

June 9, 2025June 9, 2025Shahnawaz Akhter

KARACHI, June 9, 2025 — The Institute of Cost and Management Accountants of Pakistan (ICMAP) has made a strong case for sweeping tax reforms in its budget proposals for 2025–26, calling on the government to bring offshore sellers firmly under the General Sales Tax (GST) regime.