Karachi, June 28, 2025 – Ehsan Malik, Chairman of the Finance Bill 2025 Anomalies Committee (Business), has sounded the alarm over what he described as “unprecedented negligence” and “utter disrespect” shown by top Federal Board of Revenue (FBR) officials.
(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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Aurangzeb announces five honorariums for FY26 Budget staff
Islamabad, June 27, 2025 — Federal Minister for Finance and Revenue, Muhammad Aurangzeb, on Friday announced a special financial reward for government officials who contributed to the preparation and presentation of the fiscal year 2025–26 budget.
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WHO warns Pakistan’s FED freeze to boost cigarettes consumption
ISLAMABAD – The World Health Organization (WHO) has issued a stark warning following the Federal Cabinet’s decision to keep Federal Excise Duty (FED) rates on cigarettes unchanged in the 2025–26 federal budget.
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NA approves revised income tax regime for salaried persons
ISLAMABAD – In a landmark fiscal development, lawmakers have officially approved a new income tax structure specifically targeting salaried persons, aimed at creating a more progressive and equitable taxation framework.
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New customs tariff slabs to take effect from July 1, 2025
ISLAMABAD – In a sweeping overhaul of the import duty regime, the government has revised Customs laws through amended Finance Bill, 2025 to implement a revised structure of tariff slabs, effective from July 1, 2025. The move is part of a broader tariff rationalization plan aimed at streamlining import costs, encouraging trade, and aligning with global best practices.
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FBR committee to regulate property transactions under sales tax
ISLAMABAD – In a significant move to tighten tax compliance, the Federal Board of Revenue (FBR) will now form a dedicated committee to oversee property transactions involving individuals who are not registered under the Sales Tax Act, 1990. This committee will have the authority to recommend whether to impose or lift a bar on the transfer of immovable property in such cases.
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No arrest without final tax inquiry: FBR reined in after public uproar
ISLAMABAD – The Federal Board of Revenue (FBR) has been forcefully restrained from making any arrest in tax fraud cases unless a formal inquiry is completed—marking a major policy shift sparked by fierce public backlash.
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National Assembly passes Rs17.57tr FY26 budget, effective July 1
Islamabad, June 26, 2025 — In a significant fiscal development, the National Assembly on Thursday approved the much-anticipated Budget 2025-26, with a total outlay of Rs17.57 trillion. The federal budget, which takes effect from July 1, was passed after intense deliberations and a clause-by-clause reading in the lower house of Parliament.
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FBR may use tempered vehicles for operations under new proposal
Karachi, June 26, 2025 – In a dramatic shift in policy, the Standing Committee of the National Assembly has recommended that the Federal Board of Revenue (FBR) be granted legal authority to utilize tempered vehicles—those confiscated due to tampered chassis or identification numbers—for official operational purposes.
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Legislators approve stunning Rs100m cash withdrawal for ineligible
Islamabad, June 26, 2025 –Through the amended Finance Bill, 2025, a jaw-dropping provision has been recommended that would permit an ineligible individual to withdraw up to Rs100 million in cash annually from the banking system.
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