Cash-starved govt doles out Rs2.35tr in tax exemptions

ISLAMABAD: The government on Thursday announced a decline in tax exemptions in the outgoing fiscal year — the first such reduction in recent years — according to the Pakistan Economic Survey 2025-26 unveiled by Finance Minister Muhammad Aurangzeb. The survey noted an unprecedented 3.37pc fall in tax exemptions, bringing the cost down to Rs2.353 trillion in FY26 from the downward-revised Rs2.434tr recorded in FY25. In FY25, the government had initially reported exemptions at Rs5.84tr, a sharp ...

By [email protected] (Mubarak Zeb Khan)