North Clarion Taking Measured Approach on 2025-26 Budget

North Clarion taking measured approach on 2025-26 budget

FRILLS CORNERS -- On the surface, it may look like the North Clarion School District is facing some financial hardships after North Clarion Superintendent informed the school board at its work session June 2 the district was facing a deficit…

Budget FY2025-26: relief for salaried class, tax rates slashed

ISLAMABAD: Finance Minister Muhammad Aurangzeb said in his speech that a significant reduction in income tax rates is proposed for salaried people in all income slabs. “This relief will not only simplify the tax structure but will also ensure a balance between inflation and take-home salary by reducing the tax burden on middle-income earners.” The tax rate for those earning a salary of Rs600,001 to Rs1,200,000 has been reduced from 5 per cent to…

Budget 2025 set to ease taxes for real estate and construction

Relief is expected for the property, real estate, and construction sectors in the new budget, as reported by national media on Tuesday.  As part of the tax measures under Budget 2025-26, the elimination of Federal Excise Duty (FED) for the property and real estate sector is under consideration. If approved, the removal of FED may take effect from July 1, 2025. This move is expected to boost activity and tax revenue in the construction sector. Th…

Budget 2025–26: Relief measures and tax adjustments across key sectors

The upcoming 2025–26 budget is expected to bring notable relief for various sectors of the economy. As per official sources, regulatory duties on over 3,500 imported items are likely to be reduced. Additionally, customs duties on a wide range of imported products may see a reduction of 2% to 3%. For the industrial sector, the government is considering reducing or completely eliminating duties on imported raw materials, aiming to boost manufactur…