Karachi, May 20, 2025 — The Pakistan Software Houses Association (P@SHA) has strongly recommended that the government exempt debit card transactions from withholding tax in the upcoming 2025-26 federal budget.
(more…)Tag: budget proposals
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World Bank-funded experts reviewing FY26 budget proposals
Pakistan is receiving support from top tax experts, financed by the World Bank, to review and evaluate proposals for the upcoming fiscal year 2025-26 budget.
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OICCI wants lower taxes on Pakistani-made vehicles in budget
Karachi, May 19, 2025 – The Overseas Investors Chamber of Commerce and Industry (OICCI) has recommended the government take urgent steps to rationalize the Federal Excise Duty (FED) and sales tax imposed on locally manufactured vehicles in the upcoming 2025-26 federal budget.
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Parliamentarians seek KCCI input for inclusive budget 2025–26
Karachi, May 19, 2025 – A delegation of National Assembly members visited the Karachi Chamber of Commerce and Industry (KCCI) to gather key proposals and insights for the formulation of the Federal Budget 2025–26.
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Jewellery exporters urge key tax reforms in budget 2025-26
Karachi, May 18, 2025 – The Pakistan Gems and Jewellery Development Company has submitted an extensive set of proposals for the upcoming federal budget 2025-26, urging the government to introduce critical reforms to ensure the survival and competitiveness of Pakistan’s jewellery exporters.
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KTBA recommends 40% tax credit for teachers and researchers
Karachi, May 18, 2025 – The Karachi Tax Bar Association (KTBA) has called for the restoration of a 40% tax credit on income earned by qualified teachers and researchers in its detailed budget proposals for the fiscal year 2025-26.
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FBR urged to reinstate sales tax on petroleum products in budget
Karachi, May 18, 2025 – The Federal Board of Revenue (FBR) has been strongly urged to reinstate the sales tax on petroleum products in the upcoming 2025-26 federal budget, as per detailed tax proposals submitted by the Overseas Investors Chamber of Commerce and Industry (OICCI).
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Pakistan plans major tax regime overhaul for gold trade in budget
ISLAMABAD, May 17, 2025 – The Government of Pakistan is actively reviewing proposals to reshape the tax regime for gold transactions in the upcoming federal budget for the fiscal year 2025-26.
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OICCI proposes structural customs reforms to combat smuggling
Karachi, May 16, 2025 – The Overseas Investors Chamber of Commerce and Industry (OICCI) has called for wide-ranging customs reforms aimed at curbing smuggling and strengthening Pakistan’s trade integrity.
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OICCI calls for major salary tax relief in budget 2025-26
Karachi, May 14, 2025 – The Overseas Investors Chamber of Commerce and Industry (OICCI) has urged the government to provide significant tax relief to salaried individuals in the upcoming Budget 2025-26, citing growing concerns over the rising burden on one of Pakistan’s most compliant taxpayer segments.
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