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.
(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 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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Arrest powers of tax officials redrafted for NA approval
Islamabad, June 25, 2025 — In response to intense backlash over the expanded powers granted to tax officials in the Finance Bill 2025, the Federal Board of Revenue (FBR) has redrafted key provisions relating to the arrest powers of Inland Revenue officers.
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Aurangzeb sets economic transaction limits for non-filers
Islamabad, June 24, 2025 – Finance Minister Muhammad Aurangzeb, while concluding the debate on the Finance Bill 2024-25 in the National Assembly, unveiled critical exemption limits concerning restrictions on economic transactions by non-filers and ineligible persons.
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Aurangzeb announces relief measures proposed for FY26 budget
Islamabad, June 23, 2025 – Federal Finance Minister Muhammad Aurangzeb on Monday unveiled a broad array of relief measures incorporated in the federal budget for fiscal year 2025–26, following recommendations by the National Assembly and Senate finance committees.
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FBR shifts tax burden to protect salaried class in Budget 2025-26
Islamabad, June 23, 2025 — In a bid to provide targeted relief to the salaried class, the Federal Board of Revenue (FBR) has announced the introduction of new taxation measures aimed at compensating for revenue losses in the federal budget for 2025-26.
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PBC raises alarm over draconian powers proposed for FBR
Karachi, June 23, 2025 – The Pakistan Business Council (PBC) has strongly criticized the sweeping and excessive powers proposed to be granted to the Federal Board of Revenue (FBR) in the Finance Bill 2025, terming them “draconian” and detrimental to the investment climate in the country.
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All you need to know about Digital Presence Proceeds Tax Act
Islamabad, June 22, 2025 – The National Assembly Standing Committee on Finance and Revenue has formally endorsed the Digital Presence Proceeds Tax Act, 2025, a landmark legislation designed to tax proceeds generated from digital economic activities in Pakistan by non-resident entities. The new law, which is part of the Finance Bill 2025, is expected to come into force on July 1, 2025, pending final approval by the National Assembly.
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