ISLAMABAD: Salaried Pakistanis may soon see relief in their income tax burden, as the Federal Board of Revenue (FBR) has initiated plans for significant tax reductions in the next federal budget. The move, confirmed by FBR Chairman Rashid Langrial, comes following directives from Prime Minister Shehbaz Sharif and aims to ease financial pressure on working citizens while promoting economic activity.
According to officials, the FBR is preparing measures to reduce income tax rates for employees, allowing middle-class families to retain more of their earnings. At the same time, the government is reviewing the super tax imposed on large corporations, with plans for a gradual reduction intended to encourage businesses to reinvest profits, create jobs, and stimulate economic growth.
Authorities have emphasized that the success of these tax relief measures will depend on improved compliance by taxpayers. “We want to ensure that the benefits reach genuine taxpayers while keeping the fiscal system balanced,” a senior official explained.
Experts suggest that easing income tax for employees, combined with reduced corporate levies, could boost disposable income, spur spending, and help families manage rising living costs. The upcoming budget is expected to outline a clear roadmap for personal and corporate tax relief, signaling a potential shift toward a more taxpayer-friendly system in Pakistan.
Sources say final proposals are likely to be confirmed in the coming weeks, marking a positive step for both citizens and the economy.
