New taxes on petrol, pensions, power, investments: What budget brings for Pakistanis

New taxes on petrol, pensions, power, investments: What budget brings for Pakistanis

While cash-strapped Pakistan’s budget for 2025-26 brings a 20% hike for the military, common people have got new taxes on petrol and pensions, hikes in existing taxes, and removal of tax exemptions.

A vendor speaks with a customer while selling fruits at a market in Karachi, Pakistan June 8, 2023. (Photo: Reuters)