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tax

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Budget 2025: More tax ‘proposed’ on cigarettes

  • 2 min
The Pakistan government is considering raising cigarette prices in Budget 2025, with potential recommendations for a 15-19% increase in federal excise duty. This move aims to reduce tobacco consumption, which has had significant public health and economic ramifications, with widespread usage and smoking-related illnesses impacting a large portion of the population.
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Govt to ‘increase’ tax on cash withdrawal in upcoming budget

  • 3 min
The federal government plans to increase the advance tax on cash withdrawals for non-filers from 0.6% to 0.9% in the upcoming budget. This move could generate over Rs. 15 billion in annual revenue. Additionally, the government may raise the withholding tax on vehicles over 850cc and launch a crackdown on individuals not registered under the Tajir Dost Scheme. IMF has also requested electricity price hikes to tackle the power sector's circular debt.