Pakistan’s Federal Budget for fiscal year 2025-26, coupled with the Finance Act 2025, marks a critical juncture in the nation’s economic and strategic trajectory. This article provides a comprehensive commentary on the budget’s fiscal policy stance, its projected multifaceted impact across key economic sectors, and the substantial allocation towards defense. A particular focus is placed…

Abstract:The Pakistan Finance Bill, 2025, currently awaiting final assent to become the Finance Act 2025, introduces a series of unprecedented and significant amendments across the country’s tax laws including Income Tax Ordinance, Sales Tax Act, Federal Excise Duty, and Customs Act. These proposed changes are primarily geared towards aggressively broadening the tax base, formalizing the…