Islamabad, June 21, 2025 — In a move aimed at providing relief to salaried individuals, the Senate of Pakistan has recommended increasing the tax exemption threshold on salary income from the existing Rs600,000 to Rs1.2 million per annum.
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Find top stories in this section. Pakistan Revenue brings you the latest and most important news from Pakistan and around the world, keeping you informed with key updates and insights.
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Salary income up to Rs1.2 million to pay 1% tax: Aurangzeb
Islamabad, June 21, 2025 – Finance Minister Senator Muhammad Aurangzeb on Saturday announced significant tax relief for the salaried class, stating that salary income of up to Rs1.2 million annually will now be subject to only 1% income tax from the next fiscal year.
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Pakistan opens doors to import of five-year-old used vehicles
Islamabad, June 21, 2025 – In a major policy shift, Pakistan is set to open its borders for the commercial import of five-year-old used and old vehicles starting from September 1, 2025, aiming to liberalize the auto market and boost customs revenue.
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ICMAP suggests 90-day oil reserves amid Iran-Israel conflict
Karachi, June 20, 2025 – The Institute of Cost and Management Accountants of Pakistan (ICMAP) has urged the government to build up 90-day oil reserves as a strategic response to the ongoing Iran-Israel conflict, which has triggered serious concerns about regional energy security and economic stability.
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Pakistan’s rice export suffers 12% blow amid price crash, tax woes
Karachi, June 20, 2025 — Pakistan’s rice export sector is reeling from a severe setback as official data from the Pakistan Bureau of Statistics (PBS) shows a staggering 12% year-on-year decline in export earnings during the first 11 months (July–May) of FY2024-25.
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FBR reports 545% property transactions tax surge in half decade
KARACHI, June 20, 2025 – In a jaw-dropping revenue leap, the Federal Board of Revenue (FBR) has recorded an astonishing 545% increase in income tax collection from transactions involving immovable properties over the past five years — a figure that signals a dramatic shift in the taxation landscape.
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Sugar export rises over 18 times amid 24% local price surge
Islamabad, June 19, 2025 – Pakistan witnessed an extraordinary rise in sugar export, which soared by a staggering 1,851% during the first eleven months (July–May) of fiscal year 2024-25, even as local sugar prices surged by 24%, putting a financial strain on domestic consumers.
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Cabinet approves Rs 1.27 trillion loan to resolve circular debt
Islamabad, June 19, 2025 – In a significant development aimed at addressing Pakistan’s chronic power sector woes, the federal cabinet has approved a massive Rs 1.275 trillion loan package to reduce the ballooning circular debt.
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FBR mulls 10% sales tax on solar panels for 2025-26
Islamabad, June 18, 2025 – The Federal Board of Revenue (FBR) is now considering the imposition of a 10% sales tax on imported solar panels in the upcoming fiscal year 2025-26.
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PM Shehbaz directs curtailment of FBR arrest powers
Islamabad, June 16, 2025 – Prime Minister Muhammad Shehbaz Sharif has issued clear instructions to limit the arrest powers of the Federal Board of Revenue (FBR), particularly in cases that could lead to harassment of legitimate taxpayers and the business community.
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