News & Legal Updates

News Update

10

Jun 2025

Jun 10, 2025 • 5 min read

Govt Decides to Abolish FED on Buying, Transfer of Property in Budget

The federal government has abolished the Federal Excise Duty (FED) on the purchase or transfer of property, effective Ju...

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News Update

10

Jun 2025

Jun 10, 2025 • 5 min read

PM Shehbaz Directs to Increase Salaries [Updated]

Prime Minister Shehbaz Sharif has greenlit a 10% increase in salaries of government employees. Initially, the government...

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News Update

10

Jun 2025

Jun 10, 2025 • 5 min read

Govt Ends Tax Exemption For FATA and PATA

The federal government has ended the tax exemption for FATA and PATA in the 2025-26 budget. Federal Finance Minister Muh...

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News Update

10

Jun 2025

Jun 10, 2025 • 5 min read

Movie Ticket Prices to Become More Expensive After Budget

The federal government has decided to end the income tax exemption granted to cinemas, reversing a relief measure that w...

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News Update

10

Jun 2025

Jun 10, 2025 • 5 min read

Govt Approves 7% Increase in Pension of Govt Officers

The federal cabinet has approved an increase in pensions by 7 percent in the budget for the fiscal year 2025-26. In addi...

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News Update

10

Jun 2025

Jun 10, 2025 • 5 min read

Frozen Food, Cold Drinks, Noodles, Ice Cream and Biscuits to Become Expensive in Budget

The upcoming federal budget for the 2025-26 fiscal year is set to include proposals for new excise duties on several foo...

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News Update

10

Jun 2025

Jun 10, 2025 • 5 min read

Budget 2025-26: Govt Gives Income Tax ‘Relief’ to Salaried Class

The new income tax slabs for the salaried class under the federal budget 2025-26 revealed that a smaller rate of income...

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News Update

10

Jun 2025

Jun 10, 2025 • 5 min read

Petrol to Become More Expensive as Govt Likely to Slap Carbon Levy

The government is set to impose a carbon levy of Rs. 2.5 per liter on petroleum products in the federal budget, a move e...

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News Update

10

Jun 2025

Jun 10, 2025 • 5 min read

Govt Increases Advance Tax on Sale or Transfer of Immovable Property

The government has proposed a 1.5% increase in the advance tax on the sale or transfer of immovable property, according...

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News Update

10

Jun 2025

Jun 10, 2025 • 5 min read

Suzuki Alto Likely to Cost Nearly Rs. 200,000 More After New Taxes

The federal budget for 2025–26 proposes raising the standard sales tax (GST) on locally assembled small-engine cars such...

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News Update

10

Jun 2025

Jun 10, 2025 • 5 min read

Massive Tax Relief Announced for Teachers and Education Related Workers in Budget 2025-26

In the federal budget for 2025-26, the government has proposed significant tax relief for full-time teachers and researc...

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News Update

10

Jun 2025

Jun 10, 2025 • 5 min read

Govt Likely to Raise Pensions Up to 10%

The federal government has decided to increase pensions by up to 7-10% in the upcoming budget for the fiscal year 2025-2...

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News Update

10

Jun 2025

Jun 10, 2025 • 5 min read

Govt Set to Give Big Tax Relief For Those With Lower Salaries

The likely new income tax slabs for the salaried class under the federal budget 2025-26 revealed that a smaller rate of...

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News Update

10

Jun 2025

Jun 10, 2025 • 5 min read

Govt to Slap Rs. 500,000 Fine, 3-Year Prison Sentence for Using Wrong CNIC Numbers and NTNs

The federal government has introduced new measures in the 2025-26 budget to combat tax evasion and misuse of National Ta...

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News Update

10

Jun 2025

Jun 10, 2025 • 5 min read

Over 12 Crore Pakistanis Are No Longer Allowed to Buy a Car

The government has proposed a significant overhaul to the tax classification system under Section 115 of the Income Tax...

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News Update

10

Jun 2025

Jun 10, 2025 • 5 min read

Here’s How Much ‘Tax Relief’ Govt Has Given to Salaried Class Compared to Last Year

The new income tax slabs for the salaried class under the federal budget 2025-26 have reduced taxes on cumulative payout...

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News Update

10

Jun 2025

Jun 10, 2025 • 5 min read

Govt Withdraws Tax Exemption on Higher Pensions

The federal government has approved the withdrawal of tax exemption on high-value pensions. Previously, all pension inco...

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News Update

10

Jun 2025

Jun 10, 2025 • 5 min read

Items With No Barcodes or Tax Stamps Will Now Be Seized

The government has announced new rules under the Federal Excise Duty (FED) regime in a move to tighten tax enforcement....

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News Update

10

Jun 2025

Jun 10, 2025 • 5 min read

FBR to Abolish 4% Further Sales Tax to Bring Unregistered Dealers, Wholesalers & Retailers Under Tax Net

The Federal Board of Revenue (FBR) has proposed abolishing the 4 percent “further sales tax” currently imposed on suppli...

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News Update

10

Jun 2025

Jun 10, 2025 • 5 min read

Govt Puts a Expiry Date on Pension Duration for Spouses of Deceased Employees

Pakistan’s finance minister, Muhammad Aurangzeb, announced during the latest budget speech that the spouses of deceased...

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