Public finance
The government has proposed a four percent decrease in income tax across various slabs, aiming to alleviate the tax burden on salaried individuals. In the federal budget for the fiscal year 2025-26, Finance Minister Muhammad Aurangzeb emphasized the prime minister's commitment to lowering taxes on salaried individuals. The
Public finance
Pakistan's government will unveil a massive budget worth Rs17,600 billion for the fiscal year 2025-26 in the National Assembly today. The budget aims to increase government revenue and manage the growing fiscal deficit, which is expected to reach Rs6 trillion. Finance Minister Muhammad Aurangzeb will present the
Public finance
Pakistan's federal budget for the fiscal year 2025-26, presented by Finance Minister Muhammad Aurangzeb, projects a 4.2% GDP growth, a modest improvement from the previous year's 2.7%. The budget totals Rs17.6 trillion, a 7% reduction from last year's Rs18.9 trillion,
Public finance
The federal government of Pakistan has presented a budget with a total outlay of Rs17.6 trillion, proposing an 18% tax on the import of solar panels to promote the domestic industry and ensure a level playing field between imported and locally manufactured panels. Finance Minister Muhammad Aurangzeb stated that
Public finance
The federal government of Pakistan has announced a new carbon tax on petrol, high-speed diesel, and furnace oil as part of its efforts to reduce fuel consumption and generate revenue for environmental protection and green energy programs. According to the proposal, a carbon levy of Rs2.5 per litre will
Public finance
The government of Pakistan has introduced significant tax measures and laws aimed at promoting environmentally friendly transportation and cracking down on unregistered businesses. The Federal Budget 2025-26 includes a uniform 18% sales tax on all small vehicles up to 850cc, while introducing the New Energy Vehicles Adoption Levy Act, 2025,
Public finance
Concern is growing over the decision by UK Chancellor Rachel Reeves to increase employer National Insurance contributions, resulting in a £72 million shortfall for Welsh public sector organizations, including Monmouthshire County Council. Welsh Government Finance Secretary Mark Drakeford had assured public sector employers that additional funding would be provided to
Public finance
Pakistan's parliament will begin its budget session on June 10, when the federal budget for the 2025-26 fiscal year will be presented, according to the National Assembly's Speaker, Sardar Ayaz Sadiq. The 21-day session will be packed with debates, discussions, and voting on the budget, with
Public finance
The National Assembly (NA) Standing Committee concluded its 46th session on Tuesday, having successfully completed all items on the agenda. In a comprehensive review, the committee reviewed and approved in principle several key resolutions and laws, including the arrangement of commune-level administrative units in 2025, the revision of the draft
Public finance
The Pakistani government has made significant adjustments to the income tax slabs for salaried individuals in the 2025-26 federal budget, effective from July 2025. The revised structure aims to redistribute the tax burden more equitably by imposing higher rates on upper-income earners. This move is expected to provide substantial relief
Public finance
The Pakistani government, under the leadership of Federal Finance Minister Muhammad Aurangzeb, has taken a significant step towards simplifying the income tax system by introducing a new, user-friendly income tax return form. Starting July 1, 2025, the existing 800-Colum return form will be replaced with a simplified version that requires
Public finance
The 9th Ordinary Session of the National Assembly's 9th Legislature has commenced, bringing together senior leaders and representatives to address pressing national matters. The session will focus on key reports, including the implementation of the national socio-economic development plan, state budget, and monetary policy for the first half
