As Pakistan gears up for Budget 2025-26, the Federal Board of Revenue (FBR) is actively working on two major fiscal proposals — imposing a tax on high-value pensions and increasing the income tax exemption threshold for salaried individuals.
(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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PSX urges elimination of minimum tax on listed companies
Karachi, May 5, 2025 – The Pakistan Stock Exchange (PSX) has submitted a formal recommendation to the government for the upcoming federal budget 2025-26, calling for the removal of the minimum tax regime for listed companies.
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KTBA proposes overhaul of tax audit framework for FBR
Karachi, May 4, 2025 – The Karachi Tax Bar Association (KTBA) has put forward a detailed proposal for the Federal Board of Revenue (FBR) to adopt a comprehensive and transparent audit plan aimed at improving tax compliance and restoring taxpayer confidence.
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PSX proposes tax credits revival for salaried share investors
Karachi, May 4, 2025 – The Pakistan Stock Exchange (PSX) has urged the Federal Board of Revenue (FBR) to reinstate tax credits for the salaried class investing in the capital market.
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Tea importers urge review of minimum retail price policy
Karachi, May 4, 2025 – Tea importers have urged the government and tax authorities to urgently review the current minimum retail price (MRP) mechanism applied to tea, warning that the existing framework is distorting the market, undermining legal trade, and facilitating widespread tax evasion.
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KTBA urges removal of 30% tax payment condition for court stay
Karachi, May 3, 2025 — The Karachi Tax Bar Association (KTBA) has called on the government to abolish the mandatory payment condition that requires taxpayers to deposit 30% of the disputed tax amount before obtaining a stay order from the High Court.
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PSX proposes 50% tax credit in FY26 budget to boost SME listings
Karachi, May 3, 2025 – The Pakistan Stock Exchange (PSX) has put forward a key proposal to promote the listing of Small and Medium Enterprises (SMEs) on its platform by offering major tax incentives.
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Schedule unveiled for presentation of budget 2025–26 in parliament
Islamabad, May 2, 2025 – The Government of Pakistan has officially finalized the schedule for presenting the budget 2025–26 in the National Assembly. According to the announcement made by the Ministry of Finance, the formal presentation of the budget 2025–26 to both the federal cabinet and parliament is set to take place during the first week of June 2025.
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KTBA pushes CNIC enforcement across entire supply chain
Karachi, May 2, 2025 – The Karachi Tax Bar Association (KTBA) has recommended that the Federal Board of Revenue (FBR) should make it mandatory for all unregistered individuals involved in the supply chain to provide their Computerized National Identity Card (CNIC) or National Tax Number (NTN).
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KTBA urges salary tax threshold rise to Rs1.2 million
Karachi, May 2, 2025 – The Karachi Tax Bar Association (KTBA) has called upon the federal government to increase the tax-exempt threshold on salary income from the current Rs600,000 to Rs1.2 million in the upcoming budget for the fiscal year 2025-26.
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