Senate standing committee rejects several budget proposals

Wants income tax threshold raised to Rs1.2m

The $1 billion loan spans five years and is structured in multiple tranches

Committee also recommends increasing the limit of non-filers to purchase properties, vehicles

The decision came during Finance Bill 2025–26 talks, where both committees unanimously opposed the proposed tax

India's bid to isolate Pakistan at FATF fails

Budget mandates social media platforms to submit revenue details

Budget mandates social media platforms to submit advertising revenue details to FBR every quarter

If a vehicle’s chassis number has been altered, cut, or welded, it will be considered smuggled

High-income pensioners, solar panel imports, interest income see tax burdens