ISLAMABAD: Pakistan granted tax exemptions worth more than Rs11 trillion over the five fiscal years from 2020-21 to 2024-25, according to details presented by the Finance Ministry in the National Assembly.
The figures were shared during the question hour, outlining annual tax exemptions and concessions across different categories of taxation.
According to the ministry, tax exemptions amounted to Rs1,482.31 billion in fiscal year 2020-21, rising to Rs2,239 billion in 2021-22.
The total increased further to Rs2,540 billion in 2022-23 before declining to Rs2,434 billion in 2023-24 and Rs2,352 billion in 2024-25.
The ministry also provided a breakdown by tax category, reporting exemptions of Rs580 billion under income tax, Rs1,274 billion under sales tax and Rs499 billion under customs duties.
The figures highlight the scale of tax concessions granted during the period. Further clarification on the categories covered by the breakdown would be needed to establish how the individual tax figures relate to the overall annual totals.
