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.
(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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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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MNAs rally behind continued tax exemption for FATA and PATA
Islamabad, June 26, 2025 – A powerful chorus of voices echoed through the National Assembly on Thursday as Members of the National Assembly (MNAs) united in their call for the continuation of the tax exemption for the merged tribal districts—formerly known as FATA—and the Provincially Administered Tribal Areas (PATA).
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Supplying goods without tax invoice to be treated as tax fraud
Karachi, June 26, 2025 – In a bold and sweeping move aimed at clamping down on tax evasion, the federal government has proposed a major amendment to the Finance Bill 2025, redefining the scope of tax fraud to include any supply of goods made without the issuance of a valid tax invoice.
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Bank accounts of unregistered sales tax evaders face suspension
Islamabad, June 26, 2025 – In a bold and unprecedented move, the government has armed the Federal Board of Revenue (FBR) with new powers to crack down on unregistered sales tax evaders, targeting their bank accounts under the amended Finance Bill 2025-26.
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Aurangzeb to present amended Finance Bill 2025 for NA Approval
Islamabad, June 26, 2025 – Federal Minister for Finance and Revenue, Muhammad Aurangzeb, is set to present the amended Finance Bill, 2025 before the National Assembly today for final approval, marking a crucial step in the government’s fiscal agenda for the upcoming year.
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Sindh Assembly passes Rs3.45 trillion Budget for 2025-26
Karachi, June 25, 2025 – The Sindh Assembly has approved the provincial budget for the fiscal year 2025-26, with total spending planned at Rs3.45 trillion.
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National Assembly okays Rs3.55tr FY26 grants for finance division
Islamabad, June 25, 2025 — The National Assembly on Wednesday approved a comprehensive package of grants amounting to Rs3.55 trillion for the Finance Division, as part of the fiscal framework for the year ending June 30, 2026. The approval came during the ongoing budget session, with Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, presenting the detailed demands.
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