Islamabad: The federal government has approved the new 18 percent sales tax on solar panel imports in the federal budget 2025-26, Finance Minister Muhammad Aurangzeb said while presenting the new budget on Tuesday.
This is part of the Revenue Divis…
Islamabad: The government has proposed to slash the ‘Super Tax’ rate by 0.5 per cent for corporations with an annual income of Rs200 million to Rs500 million in the federal budget for the fiscal year 2025-26. Similarly, a cut in
Islamabad: Pakistan will raise defence spending by a steep 20% but will slash overall federal expenditure for fiscal 2025-26 by a hefty 7% to 17.57 trillion rupees ($62 billion).
The budget presented on Tuesday by Prime Minister Shehbaz Sharif’s go…
Islamabad: The federal cabinet has given the nod of approval for a 10% hike in the salaries of government employees and a 7% increase in pensions of retired public servants.
Although the cabinet, which convened on Tuesday, had in principle
Islamabad: Speaker National Assembly Sardar Ayaz Sadiq has approved the schedule for the upcoming sessions of the Lower House regarding the presentation and discussion of the Federal Budget for the fiscal year 2025-26.
According to the schedule, th…
Islamabad: The government on Tuesday increased the tax ratio on cash withdrawals by the non-filers in the budget for FY2025-26.
In the budget for FY 2025-26, the tax ratio on cash withdrawals by non-filers has been increased from 0.6pc to
