Pakistan Revenue
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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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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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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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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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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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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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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Islamabad, June 25, 2023: The National Assembly of Pakistan has given its approval to the budget for 2023-24, incorporating new recommendations for imposing significant taxes.
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The National Assembly of Pakistan Thursday rejected a bill that sought funding for provincial elections in Punjab and Khyber Pakhtunkhwa.
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On Monday, Finance Minister Ishaq Dar introduced a money bill to provide funds for provincial elections.
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