Islamabad, July 8, 2025 — The Finance Ministry has officially notified a 7% increase in pension for retired federal government employees, effective from July 1, 2025. This latest decision comes as part of the government’s commitment to support old-age citizens in managing rising inflation and living expenses.
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Tax and surcharge on pension income to apply from FY 2025-26
Karachi, June 30, 2025 – The Finance Act, 2025 has introduced a significant amendment by bringing pension income under the tax net, imposing both tax and surcharge on high-value pension receipts starting from the fiscal year 2025-26.
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Pension incomes above Rs10 million to face tax in FY26
Karachi, June 11, 2025 – In a significant fiscal development, the federal government has proposed an income tax on pension income exceeding Rs10 million annually as part of the Finance Bill, 2025.
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Government raises 10% salary, 7% pension in budget 2025-26
In a significant move aimed at providing financial relief to public sector employees and retirees, the federal government has proposed a 10% increase in the salary of government employees and a 7% hike in pensions in the Budget for the fiscal year 2025-26.
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ICMAP Recommends 10% Tax on High-Income Pensioners
Karachi, April 19, 2025 – The Institute of Cost and Management Accountants of Pakistan (ICMAP) has put forward a significant tax reform proposal, calling for the imposition of a 10% tax on high-income pensioners as part of its budget recommendations for the fiscal year 2025-26.
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Federal Employees Get Salary, Pension on March 27 for Eid ul Fitr
Islamabad, March 24, 2025 – The federal government has officially confirmed that salary and pension payments for March 2025 will be released on March 27, ahead of the Eid ul Fitr celebrations. This decision aims to provide financial ease to government employees and pensioners so they can prepare for the festival without monetary stress.
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Aurangzeb Rules Out Salary, Pension Hike in Upcoming Budget
Islamabad – Finance Minister Muhammad Aurangzeb on Monday categorically stated that the federal government has no plans to increase salaries and pensions of government employees in the upcoming fiscal year.
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New Procedure for Pension Calculation Notified in Pakistan
The government of Pakistan has introduced procedure for pension calculations, implementing new conditions and limitations that will impact retirees and future pensioners.
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Pensioners avail Rs 43.61 billion income tax exemption: FBR
Karachi, February 5, 2025 – Pensioners in Pakistan have benefitted from a tax exemption amounting to Rs 43.61 billion on their income within a year, according to official documents.
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Finance Division Clarifies Family Pension Eligibility
The Finance Division has issued an official clarification regarding the eligibility criteria for family pensions, specifically addressing concerns about pensions for children and other family members.
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