Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Good Fortune trailer
    Videos

    First Trailer for Aziz Ansari’s Good Fortune, Starring Keanu Reeves

    May 29, 2025 2 Min Read
    Last of Us Season 2
    Videos

    ‘The Last of Us’ Season 2 Premieres Date What to Expect From HBO’s Hit Series

    April 13, 2025 2 Min Read
    Disney Snow White box office
    Videos

    Snow White Teaser Drops: Gal Gadot and Rachel Zegler Shine

    February 22, 2025 1 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: Pakistan’s Budget 2025 to Feature Major Tax Relief, Withholding Tax Removal
PhotoNews Pakistan PhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
Sales Tax Fraud in Pakistan
PhotoNews Pakistan > Business > Pakistan’s Budget 2025 to Feature Major Tax Relief, Withholding Tax Removal
Business

Pakistan’s Budget 2025 to Feature Major Tax Relief, Withholding Tax Removal

Web Desk
By Web Desk Published May 11, 2025 2 Min Read
Share
Photo: Sky Marketing Pakistan
SHARE

Pakistan’s federal government is poised to unveil significant tax reforms in Budget 2025, including removing withholding tax on raw materials to support the industrial and construction sectors.

Prime Minister Shehbaz Sharif has directed officials to incorporate industry feedback and ensure targeted relief measures that enhance economic activity while maintaining financial stability as part of discussions with the International Monetary Fund (IMF).

The proposed elimination of withholding tax on raw materials aims to reduce tax refund volumes and lower business costs, making essential supplies more affordable. Additionally, the government is considering removing withholding tax on property dealings and scrapping federal excise duty on property sales, which could stimulate the real estate sector. These measures are designed to boost industrial growth and ease financial burdens on key industries.

Budget 2025 may remove withholding tax on raw materials and property, reducing costs for industry and real estate sectors.

The government is exploring a 2.5% reduction in income tax slabs for salaried individuals, offering relief to the middle class. The telecom sector advocates a withholding tax cut from 15% to 8% to promote digital adoption. These proposals align with broader tax relief initiatives, reflecting the government’s commitment to economic revitalisation.

Tax Amendments Ordinance 2025

On May 5, 2025, President Asif Ali Zardari promulgated the Tax Amendments Ordinance 2025, immediately strengthening tax enforcement.

The ordinance allows the Federal Board of Revenue (FBR) to freeze bank accounts without prior notice and collaborate with federal and provincial agencies to seize assets. It also mandates immediate tax payments following High Court or Supreme Court rulings, streamlining compliance.

TAGGED:Featured
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
1 Comment
  • Charlie Thomas says:
    May 12, 2025 at 12:26 am

    How do the new export sector incentives compare to regional competitors like Bangladesh’s cash incentives?

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

Dead Take 2025 psychological horror

Dead Take: Surgent Studios’ Psychological Horror Game Set for 2025 Release

Ayatollah Ali Khamenei Iran Nuclear Talks

Iran’s Khamenei Rejects US Nuclear Deal, Defends Uranium Enrichment

Adolescence

Adolescence Becomes Netflix’s Second Biggest English TV Series

Malir Jail Karachi Prisoner Escape

Sindh Orders Arrest of Malir Jail Constable in Massive Jailbreak Probe

Punjab solar panel guidelines 2025

Punjab Issues Solar Panel Installation Guidelines Amid Net Metering Cuts

Post Archives

More Popular from Photonews

Copilot for Gaming
Tech

Microsoft Rolls Out Copilot for Gaming AI Chatbot in Xbox App Beta

2 Min Read
Salman Ali Agha Babar Azam 2025
Sports

Salman Ali Agha Debunks Rumors of Rift with Babar Azam

2 Min Read
Hamas leaders strike Gaza 2025
Top NewsWorld

How Israel Killed Hamas Mohammed Sinwar and Mohammad Sabaneh

3 Min Read
Balochistan

Pakistan Labels Balochistan Terror Groups as India-Backed ‘Fitna al Hindustan’

On May 31, 2025, Pakistan’s federal government officially labelled all terrorist groups operating in Balochistan as…

June 1, 2025
Entertainment

Meghan Markle Faces Backlash Over Alleged Fake Garden Harvest Post

Meghan Markle shared an Instagram post via her “As Ever” account, showcasing a basket of “fresh”…

May 31, 2025
World

Antoine Massey, $50K Fugitive, Denies Escape in Viral Instagram Video

On June 1, 2025, Antoine Massey, one of two fugitives still at large after the May…

June 3, 2025
World

Sharmishta Panoli, Influencer and Law Student, Arrested for Controversial Video

On May 30, 2025, Sharmishta Panoli, a 22-year-old law student and Instagram influencer, was arrested in…

June 1, 2025
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog

© 2024 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?