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.
(more…)Category: Budget
This is parent category of budgets presented by Pakistan government. Here you will find year-wise federal and provincial budgets.
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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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Langrial defends FBR’s arrest powers in tax fraud crackdown
ISLAMABAD, June 15, 2025 — In a heated debate over the Finance Bill, 2025, Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial came out strongly in defense of the proposed amendments granting FBR sweeping powers to arrest individuals involved in tax fraud.
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Finance Bill 2025: tempered vehicles to be declared as smuggled
ISLAMABAD, June 15, 2025 — In a bold crackdown on illicit auto trade, the Federal Board of Revenue (FBR) has introduced a major reform in the Finance Bill, 2025, declaring that all tempered vehicles—regardless of their registration status—will now be treated as smuggled vehicles.
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FBR empowered to deny or limit input tax adjustment
Karachi, June 15, 2025 – The Federal Board of Revenue (FBR) has been granted enhanced powers to deny or restrict input tax adjustment under the Finance Bill, 2025.
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FBR gets sweeping powers to access internet user data
Karachi, June 14, 2025 – In a move aimed at curbing sales tax fraud, the Federal Board of Revenue (FBR) has been granted extensive powers to access the personal data of internet users.
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