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.
(more…)Tag: budget proposals
-
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.
(more…) -
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.
(more…) -
KTBA recommends ban on non-filer property transactions
Karachi, May 14, 2025 – The Karachi Tax Bar Association (KTBA) has put forth a significant recommendation as part of its tax proposals for the upcoming budget 2025-26: a ban on all property transactions undertaken by individuals who are not active filers of income tax returns.
(more…) -
OICCI suggests strategic tax incentives for budget 2025-26
Karachi, May 13, 2025 – The Overseas Investors Chamber of Commerce and Industry (OICCI) has put forward a comprehensive set of tax reform proposals aimed at fostering compliance, promoting sustainability, and stimulating inclusive economic growth in Pakistan. The proposals, submitted ahead of the federal budget 2025-26, emphasize the need for strategic incentives rather than punitive measures.
(more…) -
Foreign investors push Pakistan to scrap Rs5,000 banknote
Karachi, May 13, 2025 – A group of foreign investors operating in Pakistan has urged the government to demonetize the Rs5,000 currency note as part of a broader push to discourage cash-based transactions and accelerate the country’s shift toward a digital economy.
(more…) -
Pakistan may abolish sales tax on cotton in 2025-26 budget
Islamabad, May 13, 2025 — The government of Pakistan is considering a significant tax reform by planning to abolish the 18% sales tax on locally produced cotton in the upcoming federal budget for 2025-26.
(more…) -
KTBA urges government to abolish tax on NPOs surplus funds
Karachi, May 12, 2025 – The Karachi Tax Bar Association (KTBA) has called on the government to abolish the tax on surplus funds of Non-Profit Organizations (NPOs) in the upcoming federal budget for 2025–26.
(more…) -
OICCI proposes POS integration at airlines and travel agencies
Karachi, May 12, 2025 – The Overseas Investors Chamber of Commerce and Industry (OICCI) has recommended that the Federal Board of Revenue (FBR) install Point-of-Sale (POS) systems at all airlines and travel agencies in Pakistan, as part of its proposals for the upcoming 2025-26 federal budget.
(more…) -
FBR advised to enforce mandatory return filing for professionals
Karachi, May 11, 2025 — The Federal Board of Revenue (FBR) has been strongly urged to implement compulsory income tax return filing for professionals across various sectors, particularly those affiliated with formal associations and professional bodies such as bar councils and trade organizations.
(more…)