Pakistan Budget 2025-26 According to the latest updates, Mr. Muhammad Aurangzeb, the Finance Minister of Pakistan, announced Pakistan’s federal budget for 2025-2026 on Tuesday, 2025. Moreover, according to the sources, the government has set a tax Changes Pakistan 2026 collection target of approximately Rs 17.573 trillion for the 2025-26 fiscal year, demonstrating a 6.9% decrease from the previous year’s budget.
Read More: All You Need to Know about Budget 2024-25
Mr. Muhammad Aurangzeb stated, “Keeping this objective in mind, we have proposed a decrease in income tax across all slabs,” he said. “This measure will not only ease the existing tax structure but also strike a crucial balance between inflationary pressures and individuals’ take-home pay by alleviating the tax burden.”
He further added, “Pakistan has now achieved economic stability and is moving towards a Pakistan that is prosperous.” Additionally, without further delay, let’s proceed with the unveiling of Budget updates 2025-2026.
Pakistan Federal Budget 2025-26
- As per the federal budget 2025 26, the government has provided significant tax relief to the real estate industry, reducing the rate from 3% to 1.5%.
- Pakistan has imposed around Rs. 2.5% Carbon Levy on Petrol and Diesel.
- Federal Cabinet has also approved an almost 10% increase in salaries for government employees.
- The government increased the advance tax on non-filers cash withdrawals from 0.6% to 1%.
- An 18% tax is imposed by the government on solar panels import.
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- The government also allots Rs. 14.3 billion for the health sector.
- According to the new budget 2025, Rs. 716 Billion has been allotted to the Benazir Income Support Programme by the federal government.
- For the development projects, the federal government allocates around Rs. 1,000 Billion.
- An amount of Rs. 15 Billion has been allocated by the government to the Sukkur-Hyderabad Highway.
- The government has allocated Rs. 8,207 Billion for interest payments on loans.
- Courier firms are set to impose an 18% tax on E-commerce deliveries.
- Government allocates Rs. 39.5 Billion for higher education Commission
- The federal government further imposes a 27.5% tax on monthly income of Rs. 333,000
- 3% tax has been proposed on 1800cc+ vehicles by the government.
- About 18% sales tax has also been imposed on all petrol, diesel, and electric vehicles.
In a nutshell, this year’s budget can be beneficial to some individuals, especially those in the salaried class or industries, as they will receive significant tax relief. On the other hand, there are some industries that might face a slight increase in tax. However, giving tax is still helpful in helping the country decrease poverty, enhance infrastructure, and promote economic growth.
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