ISLAMABAD: In a major relief measure for the corporate sector, Minister of State for Finance Bilal Azhar Kayani announced that the government has slashed the super tax rate by 2 percentage points, bringing it down from 10% to 8% for businesses earning over Rs150 million annually.
Speaking at the Lahore Chamber of Commerce and Industry (LCCI) during an event, Kayani maintained that the government of Pakistan is steadfastly committed to reducing the disproportionate tax burden on compliant sectors and fostering a business-friendly environment.
The reduction applies to companies and businesses falling within earnings brackets between Rs150 million and Rs500 million, as well as those exceeding the Rs500 million threshold.
According to the minister, this adjustment forms a core component of the government’s strategy to ease financial pressures on growth-driving industries. Highlighting ongoing economic measures, Kayani pointed out that the administration is aggressively broadening the narrow tax base.
He also noted that revenue collection efficiency is being overhauled through comprehensive digitalization, automated and faceless customs procedures, track-and-trace deployments, and minimized human intervention within the Federal Board of Revenue (FBR).
Kayani said that the government believes these structural shifts will curb tax evasion, streamline compliance for legitimate taxpayers, and establish a transparent, equitable economic framework moving forward.
