Taxation and Finance category contains all the blogs that elaborates the taxation regime and financial sector updates in Pakistan
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…
In a major shakeup of global trade dynamics, US tariffs on Pakistan have surged to 29%, dealing a significant blow to bilateral trade and Pakistan’s export economy. This action is part of a wider move under former President Donald Trump’s revived protectionist policy, imposing reciprocal tariffs on over 180 countries. Trump justified the decision by…
Islamabad – March 24, 2025: The IMF declines to reduce tax on property, opposed to Pakistan’s request to lower taxes on real estate transactions, confirming that there will be no tax relief on property from April 2025. The Federal Board of Revenue (FBR) had sought a 2% reduction in withholding tax for property buyers, but…
Islamabad, March 22, 2025 – The International Monetary Fund (IMF) has agreed, in principle, to provide tax relief on property transactions in Pakistan. Effective April 2025, the 2% withholding tax reduction will apply to property buyers, while the tax rate for sellers will remain unchanged. The IMF has also approved collecting PKR 1,257 billion from…
ISLAMABAD: December 7, 2024 — Paksitan’s weekly inflation slows to 3.57%. It is the Short-term inflation, as measured by the Sensitive Price Index (SPI), measured as 3.57% year-on-year for the week ending December 5, signaling relief for consumers amidst easing prices of vegetables and pulses. This marks the second consecutive week of deceleration, with inflation…
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