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 …
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Aftab Maken ISLAMABAD: As part of broader tax reform measures under Budget 2025-26, Federal Finance Minister Muhammad Aurangzeb announced that the government is introducing stricter controls on tax fraud involving fake invoices and tampered records, with arrest powers granted in fraud cases exceeding Rs 50 million. Briefing the Senate Standing …
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Aftab Maken ISLAMABAD: The Senate Standing Committee on Finance has approved the proposal to remove the 18% sales tax on the import of solar panels, a move that is likely to offer significant tax relief to consumers amid rising electricity prices. The committee meeting, chaired by Senator Saleem Mandviwalla, gave …
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Aftab Maken ISLAMABAD: The Senate Standing Committee on Finance has approved several key proposals aimed at improving tax compliance and regulating trade practices, including the abolition of Federal Excise Duty (FED) on property sales. The meeting, held at the Parliament House and chaired by Senator Saleem Mandviwalla, reviewed multiple budget-related …
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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 …
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