#MarketPullback The new budget is likely to increase the monthly tax-free salary limit from Rs 50,000 to Rs 83,000!
#BinanceAlphaAlert In a major breakthrough ahead of Budget 2025-26, the IMF has approved Pakistan's request, which will see an increase in the defence budget and tax relief for salaried persons.$BTC
According to sources, the monthly tax-free salary limit is likely to be increased from Rs. 50,000 to Rs. 83,000, which will give big relief to the middle class.
Tax rates on all income slabs are also expected to be reduced.
IMF approval is given in view of Pakistan's growing security needs and public pressure to ease the burden on the wage class.
Finance Minister Muhammad Aurangzeb has reinstated full support for the armed forces.