Islamabad, August 13, 2025 – The National Assembly of Pakistan on Wednesday unanimously passed a significant resolution aimed at reducing the country’s rapid population growth to more sustainable levels.
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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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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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National Assembly recommends new electricity provider in Karachi
Islamabad, June 21, 2025 – The National Assembly Standing Committee on Government Assurances has formally recommended that the federal government explore the induction of a new electricity provider in Karachi, aiming to introduce competition and improve power services in Pakistan’s largest metropolitan city.
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National Assembly confirms June 10 session for Pakistan budget
Islamabad, June 8, 2025 – The National Assembly of Pakistan has officially locked in June 10 as the date for unveiling the much-anticipated budget for the fiscal year 2025–26.
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IMF deal triggers 20% levy on Pakistan captive power
ISLAMABAD, May 23, 2025 – In a dramatic move to fulfill a major condition of the International Monetary Fund (IMF), Pakistan has passed a game-changing law slapping a 20% levy on all captive power plants—self-generating energy units that operate off the national grid.
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National Assembly approves major tax relief for banks in Pakistan
Islamabad, May 17, 2025 – In a significant move aimed at easing the financial burden on Pakistan’s banking sector, the National Assembly has ratified the Income Tax (Amendment) Bill, 2024, which offers substantial tax relief for banks.
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Aurangzeb Declares Major Tax Hike on Retailers Beginning July 1
Islamabad, June 26, 2024 – In a significant policy shift, Finance Minister Muhammad Aurangzeb announced on Tuesday that heavy taxes on retailers will take effect from July 1, 2024.
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National Assembly Sets Budget 2024-25 Session for June 6th
As Pakistan’s National Assembly continues its proceedings, plans for the upcoming budget session for the fiscal year 2024-25 are taking shape, with discussions slated to begin on June 6th, 2024.
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National Assembly Passes Money Bill to Amend Tax Laws
Islamabad, April 29, 2024 – The National Assembly of Pakistan took a significant step forward in tax reform by approving a new money bill aimed at amending existing tax laws, which promises to streamline the tax litigation process and strengthen tax compliance across the country.
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