Budget 2025–26: Hope, Hardship, and the Fight for a Better Tomorrow
Budget 2025-26 is a turning point when the Government of Pakistan determines the future to create it safer and more sustainable through a range of radical reforms. Even though the approach to changing the tax system, online trade regulation, pension reduction, and stimulation of electric vehicles are strong, it is possible to state that this budget is a response to the cry of the country that needs a change. It bears sacrifice as well as hope of millions of Pakistani in a situation of economic hardship.
Non-Filers facing Big Restrictions on in Budget 2025–26
To encourage tax compliance, the government has placed strict limitations on non-filers. People who are not on the active tax list will no longer be allowed to: Purchase vehicles , Buy property , Open bank accounts. This step aims to push more citizens to register as taxpayers.
Tax posing in Online Shopping in Budget 2025–26
- An 18% sales tax will now apply to all online purchases.
- This tax will be collected by courier services at the time of delivery.
This move is intended to bring the growing e-commerce sector into the tax net.
Time Limit for Family Pensions in Budget 2025–26
- Family pensions will now be available for a maximum of 10 years after the death of the pensioner’s spouse.
- The option to receive multiple pensions at the same time has also been ended.
This reform is meant to reduce long-term financial pressure on the pension system.
Choice Between Salary or Pension in Budget 2025–26
- Retired government employees who take on new jobs will be allowed to receive only one income source—either a salary or a pension, not both.
This policy is aimed at ensuring fair use of public funds.
Also Read About more NBP Saibaan Home Finance : Turn Your Dream Home into Reality !
Lower Withholding Tax on Property Deals in Budget 2025–26
To make real estate more accessible, the withholding tax on property purchases is being reduced:
- From 4% to 2.5%
- From 3.5% to 2%
- From 3% to 1.5%
This could bring some relief to property buyers.
Also Read About more NBP Saibaan Home Finance : Turn Your Dream Home into Reality !
No More Excise Duty on Property Transfers in Budget 2025–26
A proposal has been made to remove up to 7% Federal Excise Duty on the transfer of commercial plots, houses, and real estate.This will likely reduce the overall transaction cost for property transfers.
Support for Affordable Housing in Budget 2025–26
A tax credit scheme is being introduced for the construction of low-cost homes, especially: 10 marla houses or Homes up to 2000 square feet.This step supports middle-class and low-income families looking to build their own homes.
Stamp Duty Reduced in Islamabad in Budget 2025–26
- The stamp duty on property purchases in Islamabad is set to drop from 4% to 1%.
- This will lower the upfront cost of property registration in the capital city.
Budget 2025–26 Promoting Electric Vehicles (EVs)
- A 5-year levy will be imposed on petrol and diesel vehicles.
- Revenue from this levy will be used to support the upcoming EV Policy 2026–30.
- The aim is to make electric vehicles more affordable and accessible in Pakistan.
Click to check more details about budget 2025-26
Strict Action Against Tax Evasion in Budget 2025–26
- The fine for tax evasion is being increased:From Rs. 500,000 to Rs. 5 million
- This move is designed to discourage tax fraud and improve overall tax compliance.
Summary of Budget 2025–26
| Area | Key Change |
| Non-filers | Banned from buying vehicles, property, or opening bank accounts |
| Online Shopping | 18% sales tax introduced |
| Family Pension | Limited to 10 years after spouse’s death |
| Retired Employees | Must choose between pension or new job salary |
| Solar Panels | 18% GST proposed on imports |
| Property Tax | Withholding tax reduced |
| Excise Duty | Removed on property transfers |
| Housing | Tax credit for low-cost homes |
| Stamp Duty | Reduced in Islamabad |
| Electric Vehicles | New levy on petrol/diesel vehicles |
| Tax Evasion | Fine increased to Rs. 5 million |
❓Frequently Asked Questions (FAQs) –Budget 2025–26
Conclusion
The Budget 2025–26 brings bold reforms aimed at increasing tax revenue, reducing financial waste, and promoting sustainable development. From strict rules on non-filers to incentives for low-cost housing and EVs, the government’s focus is clearly on fiscal responsibility and modernization.These changes will directly affect citizens, especially those involved in property, pensions, online business, and the energy sector. It is important to stay informed, plan wisely, and ensure timely compliance with the new rules.
