Tag Archives: Finance Committee

The Senate Standing Committee on Finance has approved the Income Tax Amendment Bill 2025. During the meeting, the committee was informed that the tax rate on banks’ profits has been increased from 39% to 42%, in addition to a super tax on banks’ income. The session, chaired by Senator Saleem …

Aftab Maken The Senate Standing Committee on Finance has voiced strong disapproval of the Federal Board of Revenue’s (FBR) decision to purchase over 1,000 vehicles worth billions of rupees. During a meeting chaired by Senator Saleem Mandviwalla, the committee criticized the procurement and recommended halting it immediately. The controversy began …