PM Shehbaz Urges FBR to Foster Business-Friendly Environment and Strengthen Tax Compliance Islamabad – Prime Minister Shehbaz Sharif chaired a high-level session on reforms in the Federal Board of Revenue (FBR), urging the institution to create a business-friendly environment and provide maximum support to taxpayers. Highlighting the importance of regular taxpayers as the backbone of […]
Aurangzeb Vows Tax Relief for Salaried Class, Urges Youth to Seize Opportunities KARACHI – Finance Minister Muhammad Aurangzeb on Monday assured that the government is committed to further easing the tax burden on the salaried class, reaffirming its pledge to make the system more balanced and fair. Speaking to reporters after attending a job fair […]
Government to Gradually Cut Super Tax for Manufacturers, Introduce Key Industrial Reforms According to reliable sources, the government plans to gradually reduce the super tax rate for the manufacturing sector to 5% over the next four years. If the country achieves a primary fiscal surplus by the fifth year, the super tax will be eliminated. […]
According to official documents, if non-filers withdraw more than PKR 50,000 daily from bank accounts, they will now face a 0.8% withholding tax on their transactions, up from the previous 0.6% rate. The new revised tax rules focus on undocumented cash transactions and encourage individuals to file tax returns. Earlier, the Senate’s Finance Committee had […]
Govt Clamps Down on Arbitrary Tax Actions, Adds Business-Friendly Safeguards In a major relief to the business community, the Federal Board of Revenue (FBR) has issued a new directive that significantly curtails the unchecked powers of tax officials when dealing with businesspersons. According to the official notification, tax officers can no longer take action against […]
FBR Collects Rs. 755 Billion in July, Beats Monthly Target The Federal Board of Revenue (FBR) has collected Rs. 755 billion in July 2025, going beyond its target of Rs. 748 billion, according to sources. This shows the government is focusing more on collecting taxes and increasing revenue. July Tax Breakdown: Income Tax: Rs. 324 […]
According to reports, initially, the distribution will begin on a trial basis, with Pakistan Post employees delivering bills in one sub-division of each DISCO (Distribution Company). If the pilot project proves successful, the initiative will be gradually expanded to cover all regions. Talks are currently ongoing with K-Electric to include it in the bill distribution […]
ISLAMABAD: The federal government has officially announced a 10% Ad Hoc Relief Allowance for government employees from Basic Pay Scale (BPS) 1 to 22, effective July 1, 2025, according to a notification issued by the Treasury Department. The relief allowance is calculated as 10% of the basic pay and is part of the government’s broader […]
He was chairing a meeting here to review progress on the digitization of the Federal Board of Revenue (FBR), the implementation of an Artificial Intelligence (AI)-based system, and other reforms. Hailing the availability of simple tax returns in Urdu, the prime minister said a helpline should be established to assist with the process of filing […]
Government Approves Salary Increase and New Tax Rules for 2025–26 In the new budget for 2025–26, the federal government has announced a salary increase for government workers and a 10% raise in pensions. The Ministry of Finance has officially said this increase also applies to people working on contract jobs. Additionally, the government will now […]
