Govt Proposes 1% NEV Levy on Petrol Cars in Budget 2025–26
Govt Proposes 1% NEV Levy on Petrol Cars in Budget 2025–26 In the 2025–26 federal budget, the government has introduced a new 1% NEV (New Energy Vehicle) Adoption Levy, targeting…
Pakistan’s Revenue Soars, But True Tax Reform Still Missing
Pakistan’s Revenue Soars, But True Tax Reform Still Missing Pakistan’s total fiscal revenue has almost doubled in the past two years, jumping from Rs. 9.6 trillion to nearly Rs. 18…
Govt Plans FED, Sales Tax on Packaged Foods to Raise Rs. 150 Billion in Budget 2025–26
The federal government is preparing to introduce new taxes on high-consumption packaged food items in the upcoming 2025–26 budget, aiming to generate an estimated Rs. 150 billion in additional revenue….
Pakistan Assures IMF of Crackdown on Non-Filers in Upcoming Budget
Negotiations between Pakistan and the International Monetary Fund (IMF) over the upcoming budget are ongoing, with the government assuring the IMF of a tougher stance on non-filers. According to sources,…
Government to Remove Petroleum Levy Cap, Targets Record Rs. 194 Billion in FY26
The federal government has decided to lift the cap on the Petroleum Development Levy (PDL), allowing it to charge more than Rs. 100 per liter on petroleum products starting in…
No Salary or Pension Increase for Government Employees in Upcoming Fiscal Year: Finance Minister
Federal Minister for Finance and Revenue, Muhammad Aurangzeb, has confirmed that the government has no plans to increase salaries or pensions for federal employees in the upcoming fiscal year. In…
Salaried Class Pays Rs. 285 Billion in Income Tax Amid Rising Costs
Increased Tax Burden on Salaried Individuals The salaried class in Pakistan paid Rs. 285 billion in income tax during the first seven months of the fiscal year, marking an increase…
