Non-Filers to Face Restrictions on Vehicle, Property Purchases Under New Budget
Advance tax on cash withdrawals by non-filers raised from 0.6% to 1%The Federal Budget 2025–26, unveiled on Tuesday, introduces stringent measures targeting non-filers as part of a broader strategy to expand Pakistan’s tax base and promote economic documentation. Finance Minister Muhammad Aurangzeb announced
Govt Offers Income Tax Relief for Salaried Class in Budget 2025–26
In a major relief for Pakistan’s salaried class, the federal government has proposed significant income tax reductions across various income brackets in the fiscal budget 2025–26. The move is aimed at easing the financial burden on the country’s working population amid ongoing inflationary
Budget 2025–26: Rs722.48 Billion Allocated for BISP, Increases for Presidency and PM House
The federal government has unveiled the budget for the fiscal year 2025–26, outlining key financial allocations aimed at social protection, poverty alleviation, and governance institutions. The Benazir Income Support Programme (BISP) has received a substantial allocation of Rs722.48 billion, reaffirming the government’s commitment
Govt Proposes Tough Law Targeting Smuggled Vehicles with Tampered Chassis Numbers
In a significant move to curb vehicle smuggling and illegal imports, the federal government has proposed a new law under which any vehicle found with a tampered, altered, or concealed chassis number will be treated as smuggled and confiscated by Customs authorities, regardless
Pakistan Poised for Economic Take-Off: PM Shehbaz
Prime Minister Shehbaz Sharif on Tuesday declared that Pakistan’s economy is back on track and entering a “take-off position,” crediting the sacrifices of the salaried class and the efforts of government institutions for recent economic gains. While chairing a federal cabinet meeting in
PIA Begins Post-Hajj Flights, Over 115,000 Pakistani Pilgrims Returning Home
Pakistan International Airlines (PIA) has officially commenced its post-Hajj flight operation for 2025, with the first return flight PK-732 departing from Jeddah on Tuesday evening. The flight, carrying 307 pilgrims, left King Abdulaziz International Airport at 8:50 PM local time and is scheduled
Aurangzeb Eyes Economic Turnaround Amid Questioned Growth Claims
Finance Minister Muhammad Aurangzeb on Monday expressed cautious optimism about Pakistan’s economic recovery, claiming the country is poised for an “economic turnaround” in the upcoming fiscal year, despite falling short of critical growth and revenue targets. Unveiling the Economic Survey of Pakistan 2024–25
Tax Exemption Costs Surge to Rs5.8 Trillion in FY2025 — Up 51% Despite Withdrawal Claims
In a startling revelation, the cost of tax exemptions in Pakistan skyrocketed to Rs5.8 trillion in the current fiscal year, marking a Rs1.96 trillion increase (51%) despite the government’s claims of rolling back many tax breaks. The figure, highlighted in the Economic Survey
Budget 2025-26: Pakistan Eyes $44.9B Exports, $39.4B Remittances; Current Account Deficit Capped at 0.5% of GDP
Pakistan has set ambitious economic targets in its Annual Development Plan for FY2025–26, with exports projected to reach $44.9 billion and remittances expected to contribute $39.4 billion. To manage external finances, the government aims to limit the current account deficit to just 0.5%
PBF Calls for Agricultural Emergency in Budget 2025–26 Amid Alarming Sector Decline
The Pakistan Business Forum (PBF) has urged Prime Minister Shehbaz Sharif to declare an agricultural emergency in the upcoming 2025–26 federal budget, following what it terms the government’s failure to support the sector effectively. Reacting to the National Economic Survey 2024–25, PBF Chief
