Karachi, May 27, 2025 – A storm is brewing in the tax landscape as experts sound the alarm over what they describe as an unjust policy of taxing salary on the gross amount—not the net take-home pay—causing financial strain across Pakistan’s salaried class.
(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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ICAP battles brutal inflation with bold salary tax plan
KARACHI, May 27, 2025 — In a bold and potentially game-changing proposal ahead of the 2025-26 federal budget, the Institute of Chartered Accountants of Pakistan (ICAP) has roared into the spotlight by demanding immediate and sweeping relief for Pakistan’s long-suffering salaried class.
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ICAP seeks end to withholding tax for listed companies
Karachi, May 26, 2025 – The Institute of Chartered Accountants of Pakistan (ICAP) has put forward a significant reform proposal in its recommendations for the Federal Budget 2025-26.
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Pakistan revamps FY26 budget circular for climate tagging
Islamabad, May 26, 2025 – In a major step toward aligning Pakistan’s fiscal planning with environmental priorities, the Finance Ministry has revised the Budget Call Circular for the fiscal year 2025-26 to formally incorporate climate tagging of government subsidies.
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OICCI highlights tax issues in tobacco sector, seeks urgent relief
Karachi, May 25, 2025 – The Overseas Investors Chamber of Commerce and Industry (OICCI) has raised serious concerns over the alarming rise in illicit trade within Pakistan’s tobacco sector, urging the government to provide immediate tax relief and regulatory support to protect legitimate businesses.
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FY26 Budget Preview: harsh tax measures with targeted relief
Arif Habib Limited has released its detailed preview of Pakistan’s Federal Budget for FY2025-26, indicating a mix of strict tax measures alongside carefully targeted relief.
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Banks request budget fix for bad debts tax treatment
Banks in Pakistan have called upon the government to restore the original tax treatment on bad debts as part of their proposals for the upcoming budget 2025–26.
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Pharmaceutical industry submits tax proposals for Budget 2025–26
The pharmaceutical industry of Pakistan has officially submitted its tax proposals for the upcoming budget 2025–26, urging the government to address long-standing tax-related challenges that have adversely impacted the sector’s sustainability and affordability of medicine.
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IMF wraps up Pakistan visit, focuses on FY26 budget and reforms
ISLAMABAD, May 24, 2025 — The International Monetary Fund (IMF) has concluded a critical staff visit to Pakistan, centered around the formulation of the upcoming FY2026 budget and evaluation of ongoing economic reforms.
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Govt delays FY26 budget to June 10 amid Eid-ul-Adha festivities
Islamabad, May 23, 2025 – In a dramatic twist to Pakistan’s economic calendar, the eagerly awaited budget 2025–26 has been delayed by an entire week, now slated for unveiling on June 10, 2025.
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