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• Income tax rates reduced for salaried individuals earning between Rs2.2m and Rs7m annually; 35pc slab threshold raised to Rs7m
• Super tax abolished for incomes up to Rs500m; advance taxes on property transactions and foreign card payments reduced
• Customs duties cut on 92 tariff lines; sales tax relief extended to sectors including EVs, shipping, refineries and magazines
ISLAMABAD: The government has unveiled a sweeping package of tax and tariff reforms, offering relief to higher-income salaried individuals and businesses by rationalising income tax, sales tax, and customs duties, while promoting documentation, digital compliance, and investment.
