Islamabad, August 2, 2025 – The Federal Board of Revenue (FBR) has announced that pension income will now be taxable under the new rules introduced in the Finance Act, 2025. These changes apply from the tax year 2025-26 and are explained in Income Tax Circular No. 1 of 2025-26, issued by the FBR.
(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 explains new e-commerce tax framework
Islamabad, August 2, 2025 – The Federal Board of Revenue (FBR) has provided a detailed explanation of the new taxation framework introduced for the e-commerce sector under the Finance Act, 2025.
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FBR gets 41% more funds for FY 2025-26 expenses
Islamabad, July 29, 2025 – The federal government has significantly increased the budgetary allocation for the Federal Board of Revenue (FBR) for the fiscal year 2025-26, earmarking Rs83.10 billion for its expenditures. This reflects a 41% jump compared to Rs58.80 billion allocated in the previous fiscal year.
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Merchant Unlocks Sections 37A and 37B of Sales Tax Act
Renowned tax expert Muhammad Zeeshan Merchant, Advocate High Court and former president of Karachi Tax Bar Association (KTBA), demystified the highly talked-about Sections 37A and 37B of the Sales Tax Act, 1990, introduced through the Finance Act, 2025.
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KCCI declares successful strike against harsh tax laws
Karachi, July 19, 2025 — The Karachi Chamber of Commerce and Industry (KCCI) on Saturday declared the countrywide shutter-down a “resounding success,” terming it a united stand against the unjust and anti-business taxation measures introduced through the Finance Act, 2025.
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FPCCI, government resolve tax dispute; no strike on July 19
Karachi, July 19, 2025 – In a major development, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Friday declared that there will be no strike on July 19, following fruitful negotiations with the federal government over the controversial tax clauses introduced in the Finance Act, 2025.
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Govt refuses assurance, traders launch July 19 tax strike
Islamabad, July 18, 2025 – The federal government has flatly refused to yield to mounting pressure from the business community, which has announced a full-blown strike on July 19 to protest against what they call oppressive tax laws imposed through the Finance Act, 2025.
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July 19 strike gains overwhelming support: KCCI
Karachi, July 18, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has announced that the nationwide shutter-down strike scheduled for July 19, 2025, has received overwhelming and unprecedented support from industrial zones, trade bodies, retail markets, and business associations across Pakistan.
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PM Shehbaz forms high-level committee before July 19 tax strike
Islamabad, July 17, 2025 – Prime Minister Muhammad Shehbaz Sharif has constituted a high-powered committee to resolve concerns related to the Finance Act, 2025 ahead of scheduled strike on July 19, 2025.
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KCCI stands firm on July 19 nationwide shutter-down strike
Karachi, July 16, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has reaffirmed its unwavering commitment to the nationwide shutter-down strike scheduled for Saturday, July 19, 2025.
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