Karachi, May 18, 2025 – The Federal Board of Revenue (FBR) has been strongly urged to reinstate the sales tax on petroleum products in the upcoming 2025-26 federal budget, as per detailed tax proposals submitted by the Overseas Investors Chamber of Commerce and Industry (OICCI).
(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 and IMF engage in talks on salary tax rationalization
Islamabad, May 17, 2025 – Pakistan and the International Monetary Fund (IMF) have initiated crucial discussions on the rationalization of salary taxation in the forthcoming federal budget for the fiscal year 2025-26.
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Pakistan plans major tax regime overhaul for gold trade in budget
ISLAMABAD, May 17, 2025 – The Government of Pakistan is actively reviewing proposals to reshape the tax regime for gold transactions in the upcoming federal budget for the fiscal year 2025-26.
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Aurangzeb engages American businesses on budget 2025-26
Islamabad, May 17, 2025 – Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a high-level meeting on Friday with representatives of American businesses in Pakistan to discuss key tax and economic proposals for the upcoming 2025-26 federal budget.
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OICCI proposes structural customs reforms to combat smuggling
Karachi, May 16, 2025 – The Overseas Investors Chamber of Commerce and Industry (OICCI) has called for wide-ranging customs reforms aimed at curbing smuggling and strengthening Pakistan’s trade integrity.
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Pakistan may relax age limit on used cars import in budget 2025-26
Pakistan is reportedly considering a major policy shift by extending the age limit for the import of old and used cars from the current three years to five years.
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Pakistan considers tax relief for tobacco sector in FY26 budget
The federal government is currently evaluating a proposal to extend significant tax relief to the tobacco sector in the forthcoming federal budget for the fiscal year 2025–26. Industry representatives have reportedly submitted two key demands: the creation of a third excise duty tier with a lower rate of Rs 2,525 per 1,000 cigarette sticks, and a reduction in the current federal excise duty (FED) from Rs 5,050 to Rs 3,800 per 1,000 sticks.
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FY26 Budget: Cash on delivery online shopping may face FBR tax
As Pakistan prepares its fiscal roadmap for 2025–26, the Federal Board of Revenue (FBR) is actively exploring new strategies to regulate and tax the booming online shopping sector.
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OICCI calls for major salary tax relief in budget 2025-26
Karachi, May 14, 2025 – The Overseas Investors Chamber of Commerce and Industry (OICCI) has urged the government to provide significant tax relief to salaried individuals in the upcoming Budget 2025-26, citing growing concerns over the rising burden on one of Pakistan’s most compliant taxpayer segments.
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KTBA recommends ban on non-filer property transactions
Karachi, May 14, 2025 – The Karachi Tax Bar Association (KTBA) has put forth a significant recommendation as part of its tax proposals for the upcoming budget 2025-26: a ban on all property transactions undertaken by individuals who are not active filers of income tax returns.
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