Tag Archives: Budget 2025-26

Aftab Maken ISLAMABAD: On Monday, Finance Minister Muhammad Aurangzeb wrapped up the debate on the upcoming fiscal year’s budget during a session of the National Assembly. In his speech, he highlighted the government’s economic direction, key tax reforms, and public welfare initiatives. Aurangzeb told the House that the government has …

Aftab Maken ISLAMABAD: Pakistani consumers are demonstrating a dramatic shift towards digital commerce, collectively spending over $1 billion annually on online shopping, according to recent revelations. This burgeoning trend highlights the significant growth of the country’s digital economy, prompting the government to introduce a 5% tax on foreign vendors in …

Aftab Maken ISLAMABAD: The Senate Standing Committee on Finance has recommended a 50% increase in government employees’ salaries, a 20% rise in pensions for retired public servants, and fixing the minimum monthly wage at Rs 50,000. The panel also proposed increasing the Employees’ Old-Age Benefits Institution (EOBI) pension to Rs …

Aftab Maken ISLAMABAD: The government has decided to tighten the noose around individuals and businesses not registered with the Federal Board of Revenue (FBR). The proposed actions include banning such persons from operating bank accounts and disconnecting their electricity and gas connections. However, the National Assembly’s Standing Committee on Finance …

Aftab Maken ISLAMABAD: The Senate Standing Committee on Finance has rejected key proposals in the finance bill 2025-26 which include a Rs 2.50 per liter carbon levy on petroleum products, the removal of the 10% debt servicing surcharge cap on electricity users, and the imposition of a levy on small …

Aftab Maken ISLAMABAD: Federal Finance Minister Mohammad Aurangzeb said that the government is currently providing relief by borrowing funds. He emphasized that moving forward, all decisions must be made within the government’s financial limits. “Due to the budget deficit, everything we are doing is based on loans,” he explained. Speaking …

Aftab Maken ISLAMABAD: The federal government has proposed significant fiscal measures in the Budget 2025–26, including a reduction in withholding tax on property purchases, meaningful relief for the salaried class, the introduction of a carbon levy on petroleum products, and the imposition of General Sales Tax (GST) on solar panels …

Aftab Maken Islamabad: The Federal Board of Revenue (FBR) is facing an escalating crisis, reporting a massive revenue shortfall of Rs 1,027 billion during the first eleven months (July 2024 to May 2025) of the current fiscal year. This alarming gap, which includes a Rs 206 billion deficit in May …

Aftab Maken ISLAMABAD Pakistan’s financial landscape is set for a significant overhaul as Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, champions a multi-pronged strategy focusing on digitalization, robust industry collaboration, and innovative funding for social upliftment. In a series of high-level meetings on Tuesday, May 27th, the Minister …

Aftab Maken Islamabad Finance Minister Muhammad Aurangzeb has hinted at possible relief for the salaried class in the upcoming budget. He also assured full support for the Pakistan Armed Forces, calling it not just the military’s need but a national necessity. However, he clarified that no final decision has yet …