The Finance Act 2025, effective from July 1, 2025, introduces significant changes to tax regulations with the implementation of Section 21 S, as outlined in the Finance Bill published in the Gazette of Pakistan dated June 29, 2025,. This new provision imposes a restriction on cash transactions, particularly the tax on 200000 cash deposit, where…
The Pakistan Budget 2025-26, presented on June 10, 2025, by Finance Minister Muhammad Aurangzeb, outlines a roadmap for economic stabilization, growth, and reform. With a total outlay of Rs17.573 trillion, the Budget 2025-26 targets a 4.2% GDP growth rate, a fiscal deficit of 3.9%, and a primary surplus of 2.4%. It emphasizes fiscal discipline, structural…
The federal budget 2025-26 has brought major changes to the automobile sector in Pakistan. The 2nd hike in Suzuki Alto 2025 Price, which has been a popular choice for families across the country, is seen as the biggest impacts on small cars after budget 2025-26 . Due to higher taxes — including an increase in…
ISLAMABAD June 10, 2025: The Budget 2025-26 introduces significant updates to the taxation framework governing advance tax on sale/purchase of property in Pakistan. Aimed at balancing revenue generation with economic stimulation, the government has proposed adjustments to advance tax rates under Sections 236K and 236C. These changes reflect a strategic approach to influence the real…
ISLAMABAD June 10, 2025: In a major policy shift aimed at easing the financial burden on working individuals a relief for tax on salary 2025-26 has been announced by the Government of Pakistan making a singnificant tax relief for salaried class in its federal budget for fiscal year 2025–26. This move comes in response to…
Pakistan is gearing up for a significant overhaul of its tax system, with plans to eliminate the “non-filer” category in upcoming budget 2025–26 as part of negotiations with the International Monetary Fund (IMF) to strengthen fiscal discipline and broaden the tax base. The move comes as the government prepares to finalize the federal budget for…
The system will automatically complete the applicant’s filer verification to ensure avilabity on FBR ATL to comply the Filer Verification Asaan Karobar criteria through the official portal.The Punjab government’s Asaan Karobar Finance Scheme is a targeted effort to empower small and medium-sized enterprises (SMEs) by offering interest-free loans. A critical aspect of the application process…
After systematic verfictions, the application will pass on to Bank of Punjab to conduct BOP Verification Asaan Karobar as per defined loan crieria and Bank’s SOPs. The Punjab government’s Asaan Karobar initiative is designed to support small businesses by providing essential financial assistance. Key components of this process include BOP Verification Asaan Karobar and BOP…
The system will automatically complete the applicant’s Excise verification to ensure successful compliance with Excise Verification Asaan Karobar criteria through the official portal. The Asaan Karobar scheme, launched by the Government of Punjab, is a significant initiative aimed at empowering small businesses by providing easier access to financial assistance. However, before the financial support reaches…
The system will automatically complete the applicant’s NADRA verification to ensure successful compliance with the NADRA Verification Asaan Karobar criteria through the official portal. The Punjab government’s Asaan Karobar scheme is an initiative designed to support small entrepreneurs by offering financial assistance and promoting economic stability. One of the core components of this application process…
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