Pakistan Revenue
Pakistan Budget 2025–26 presents fiscal strategy, tax reforms, development spending, and policy measures aimed at economic stability.
ISLAMABAD – The World Health Organization (WHO) has issued a stark warning following the Federal Cabinet’s decision to keep Federal Excise Duty (FED) rates on cigarettes unchanged in the 2025–26 federal budget.
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ISLAMABAD – In a landmark fiscal development, lawmakers have officially approved a new income tax structure specifically targeting salaried persons, aimed at creating a more progressive and equitable taxation framework.
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ISLAMABAD – In a sweeping overhaul of the import duty regime, the government has revised Customs laws through amended Finance Bill, 2025 to implement a revised structure of tariff slabs, effective from July 1, 2025. The move is part of a broader tariff rationalization plan aimed at streamlining import costs, encouraging trade, and aligning with […]
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ISLAMABAD – In a significant move to tighten tax compliance, the Federal Board of Revenue (FBR) will now form a dedicated committee to oversee property transactions involving individuals who are not registered under the Sales Tax Act, 1990. This committee will have the authority to recommend whether to impose or lift a bar on the […]
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ISLAMABAD – The Federal Board of Revenue (FBR) has been forcefully restrained from making any arrest in tax fraud cases unless a formal inquiry is completed—marking a major policy shift sparked by fierce public backlash.
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Islamabad, June 26, 2025 — In a significant fiscal development, the National Assembly on Thursday approved the much-anticipated Budget 2025-26, with a total outlay of Rs17.57 trillion. The federal budget, which takes effect from July 1, was passed after intense deliberations and a clause-by-clause reading in the lower house of Parliament.
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Karachi, June 26, 2025 – In a dramatic shift in policy, the Standing Committee of the National Assembly has recommended that the Federal Board of Revenue (FBR) be granted legal authority to utilize tempered vehicles—those confiscated due to tampered chassis or identification numbers—for official operational purposes.
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Islamabad, June 26, 2025 –Through the amended Finance Bill, 2025, a jaw-dropping provision has been recommended that would permit an ineligible individual to withdraw up to Rs100 million in cash annually from the banking system.
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Islamabad, June 26, 2025 – A powerful chorus of voices echoed through the National Assembly on Thursday as Members of the National Assembly (MNAs) united in their call for the continuation of the tax exemption for the merged tribal districts—formerly known as FATA—and the Provincially Administered Tribal Areas (PATA).
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Karachi, June 26, 2025 – In a bold and sweeping move aimed at clamping down on tax evasion, the federal government has proposed a major amendment to the Finance Bill 2025, redefining the scope of tax fraud to include any supply of goods made without the issuance of a valid tax invoice.
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