Karachi, May 1, 2025 – The Federal Board of Revenue (FBR) has been urged to eliminate the controversial Section 7E of the Income Tax Ordinance, 2001, in the forthcoming federal budget for fiscal year 2025–26.
(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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KTBA proposes abolishing super tax in budget 2025–26
Karachi, May 1, 2025 — The Karachi Tax Bar Association (KTBA) has strongly called for the complete abolition of the super tax in its detailed budget proposals for the fiscal year 2025–26.
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KCCI proposes action plan to curb under-invoicing in plastic imports
Karachi, May 1, 2025 — The Karachi Chamber of Commerce and Industry (KCCI) has submitted comprehensive recommendations to the government for the upcoming Budget 2025–26, addressing the growing issue of under-invoicing and misdeclaration on imported plastic, especially polyethylene and polypropylene products.
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PSX recommends lower tax rates for listed companies in budget
Karachi, May 1, 2025 — The Pakistan Stock Exchange (PSX) has submitted a set of tax proposals for the federal budget 2025–26, calling for a permanent reduction in corporate tax rates for listed companies.
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Finance Bill 2025 to enforce strict restrictions on non-filers
Islamabad, May 1, 2025 – The Government of Pakistan is gearing up to introduce strict restrictions on financial and economic activities of non-filers starting from the new fiscal year 2025–26.
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FBR plans major tax relief for salaried class in budget 2025-26
Islamabad, May 1, 2025 – The Federal Board of Revenue (FBR) is working on a plan to provide significant tax relief to the salaried class in the upcoming federal budget for 2025-26.
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KTBA proposes taxpayer-friendly measures in budget 2025–26
Karachi, April 30, 2025 – The Karachi Tax Bar Association (KTBA) has formally submitted its comprehensive set of tax proposals for the upcoming Budget 2025–26, emphasizing the need for a balanced, efficient, and taxpayer-friendly tax regime.
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PSX urges tax relief to boost foreign investment in capital market
Karachi, April 30, 2025 – The Pakistan Stock Exchange (PSX) has proposed a significant tax relief package aimed at attracting foreign investment into the country’s capital market, ahead of the federal budget for fiscal year 2025–26.
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OICCI recommends phased super tax exit for growth
The Overseas Investors Chamber of Commerce and Industry (OICCI) has once again emphasized the need for a more stable and growth-oriented tax framework to attract foreign and local investment. As part of its budget recommendations, the OICCI has strongly urged the government to initiate a phased elimination of the super tax, proposing its complete removal over a span of three years.
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PSX calls for rationalization of CGT rates to remove tax distortions
KARACHI, April 29, 2025 — The Pakistan Stock Exchange (PSX) has recommended the removal of the flat 12.5% Capital Gains Tax (CGT) rate on the disposal of listed securities acquired between July 1, 2013 and June 30, 2022.
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