ISLAMABAD (Kashmir English): The federal government has proposed major changes in the existing pension system in the Budget 2025–26, aiming to rationalise public spending and reduce the growing fiscal burden posed by the pension system in vogue. The duration of family pensions has been capped at 10 years after the death of the spouse,
Family pension duration limited to 10 years after spouse’s death Read More »
ISLAMABAD (Kashmir English): The federal government Tuesday presented the Rs17.573 trillion “growth-oriented” federal budget for the fiscal year 2025-26. Presenting the federal budget in the National Assembly, finance minister Senator Muhammad Aurangzeb said that the budget for the upcoming fiscal year is the beginning of the strategy especially chalked out to promote a competitive
Key takeaways from Rs17.573 trillion “growth-oriented” Federal Budget 2025-26 Read More »
ISLAMABAD (Kashmir English): The government has proposed a series of stringent financial restrictions on non-filers as part of its efforts to broaden the tax base and pave the way for documentation of the economy, in the Federal Budget 2025–26. Finance Minister Muhammad Aurangzeb, presented the budget in the National Assembly and announced a proposal
Non-filers to be barred from purchasing vehicles, immovable property Read More »
ISLAMABAD (Kashmir English): The federal government has proposed to allocate a total of Rs 53 billion for Azad Jammu and Kashmir (AJK) under the development package in Budget 2024-25. As per the Finance Bill 2025-26, the government has allocated a total of Rs 164 billion in the PSDP for the Azad Jammu and Kashmir (AJK),
ISLAMABAD (Kashmir English): The federal government has decided to increase tax on imported solar panels so as to promote domestically manufactured panels. The decision to this effect has been reflected in the budget for the fiscal year 2025-26. It has been decided to impose an 18% sales tax on imported solar panels. According to
Tax on imported solar panels hiked to 18% to promote domestic industry Read More »
HYDERABAD (Kashmir English): The National Savings Directorate conducted the Draw no. 33 for the Rs40000 prize bond on June 10, 2025, today, at its Hyderabad office, with thousands of bondholders awaiting results. The next Rs. 200 Prize Bond draw (Draw No. 102) is scheduled for Monday, June 16, 2025, in Quetta. The transparent balloting process
Rs40000 Prize Bond on June 10: Check draw result, winners detail inside Read More »
LAHORE (Kashmir English): The National Savings Directorate conducted the Draw no. 18 for the Rs25000 prize bond on June 10, 2025, today, at its Lahore office, with thousands of bondholders awaiting results. The next Rs. 200 Prize Bond draw (Draw No. 102) is scheduled for Monday, June 16, 2025, in Quetta. The transparent balloting process
Rs25000 Prize Bond on June 10: Check draw result, winners detail inside Read More »
MIRPUR (Kashmir English): The Inland Revenue Department of Azad Jammu and Kashmir (AJK) has taken a significant step towards transparency and innovation by launching the AJK Tax Asaan mobile application. This app enables taxpayers to easily verify the authenticity of receipts and ensure timely payment of sales tax, the department said in a statement. As
AJK Tax Asaan mobile app launched to promote transparency in tax collection Read More »
ISLAMABAD (Kashmir English): To revive the real estate and property sector and promote economic activity, the government has introduced several incentives in the federal budget for the upcoming Fiscal Year 2025-26. As per details, the reductions are likely to make property purchases more affordable for buyers and stimulate demand in the real estate market. Finance
ISLAMABAD (Kashmir English): The federal cabinet, under the chairmanship of Prime Minister Shehbaz Sharif, has approved a Finance Bill 2025-26 with substantial tax reliefs for the salaried class in the upcoming federal budget 2025-26. As per details, the new budget reduces tax rates across all income slabs for salaried individuals. The salaried people earning up
Govt announces tax relief for salaried class in federal budget 2025-26 Read More »
