In a dramatic fiscal move, the Finance Bill 2025 has dropped a heavy hammer on the Pakistani public, proposing an enormous burden of over Rs600 billion in new taxes and enforcement measures.
(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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Pakistan increases defence budget to Rs2.56 trillion for FY2025-26
Pakistan has announced a significant increase in its defence budget, allocating Rs2.56 trillion for the fiscal year 2025–26. This marks a 20.2% rise compared to last year’s allocation and underlines the government’s ongoing emphasis on national security. The new budget represents 14.49% of the total national budget outlay of Rs17.65 trillion.
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Govt sets Rs1.47 trillion petroleum levy target FY26
In a major revenue-generating initiative, the federal government has set a target of Rs1.47 trillion in petroleum levy collection for the upcoming fiscal year 2025-26, reflecting a sharp 26.4% increase compared to revised estimates of the current fiscal year. This aggressive approach is outlined in the Finance Bill 2025-26 and underscores the government’s reliance on non-divisible revenue sources to meet fiscal targets.
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Comprehensive tariff reforms unveiled in Finance Bill 2025
In a significant move under the Finance Bill 2025, the federal government has launched an extensive customs reform and tariff rationalization initiative aimed at simplifying the tax regime, reducing import costs, and aligning Pakistan’s trade practices with international standards. Central to these reforms is the introduction of new tariff slabs and the overhaul of existing duties, reflecting a policy shift toward greater efficiency and transparency in customs procedures.
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Finance Bill 2025 unveils revised salary income tax rates
Karachi, June 11, 2025 – In a major fiscal shift aimed at adjusting the tax burden on salaried individuals, the Finance Bill 2025 has proposed new income tax rates for salary earners in Pakistan.
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FBR to collect banking information of high-risk individuals
Karachi, June 11, 2025 – In a significant development aimed at tightening the noose around tax evaders, the Federal Board of Revenue (FBR) has been granted sweeping powers to obtain information from banks concerning individuals deemed high-risk for tax purposes. This authority has been introduced through the Finance Bill 2025, which proposes a new section—175AA—to the Income Tax Ordinance, 2001.
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Finance Bill 2025 targets digital transactions in massive tax sweep
Karachi, June 11, 2025 – In a dramatic shake-up of Pakistan’s digital economy, the federal government has unleashed a sweeping new tax regime on digital transactions through e-commerce platforms as part of the Finance Bill 2025. The latest move targets the booming world of online sales, aiming to bring long-ignored digital commerce into the tax net.
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Pension incomes above Rs10 million to face tax in FY26
Karachi, June 11, 2025 – In a significant fiscal development, the federal government has proposed an income tax on pension income exceeding Rs10 million annually as part of the Finance Bill, 2025.
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Finance Bill 2025 empowers authorities for immediate tax recovery
Karachi, June 11, 2025 – In a significant move to enhance enforcement and ensure timely collection of dues, the Finance Bill 2025 has proposed amendments to the Income Tax Ordinance, 2001, empowering tax authorities to initiate immediate recovery of outstanding tax liabilities.
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Finance Bill 2025 restricts financial transactions for ineligibles
Karachi, June 11, 2025 – In a major policy shift to improve tax compliance and documentation of the economy, the Finance Bill 2025 has proposed strict restrictions on various financial transactions for ineligibles — individuals or entities that have failed to file annual income tax returns despite having taxable income.
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