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Pakistan granted PKR 2.43T in tax exemptions in FY24, equal to 2.3% of GDP
FBR report shows reliefs down sharply from last year but still 26% of total tax revenue
Sep 09, 2025
Sep 09, 2025
FBR report shows reliefs down sharply from last year but still 26% of total tax revenue
Public Accounts Committee chief directs FBR, Interior Ministry, SBP and others to submit reports at the next meeting
Sweeping tax exemptions aim to curb inflation, ease supply pressure, and lower consumer prices before peak demand season
Sweeping tax waivers granted on $3.3B in loans to meet Chinese banks’ terms; ADB guarantee backs refinancing
Budget cuts salaried taxes, rebrands carbon levy, expands digital tax net, and imposes duties on solar imports
Senate body also proposes restoring capital gains tax and cutting stamp duty to 0.5% for filers, 1% for non-filers on property buys up to Rs20m to boost the sector