Govt Weighs Higher Taxes on Fertilisers, Pesticides in FY26 Budget to Meet Revenue Goals
The federal government is considering revisions to its taxation policy on agricultural inputs in the upcoming 2025–26 budget, including a potential increase in the excise duty on fertilisers from 5% to 10%, along with the introduction of a new 5% tax on pesticides. The move is aimed at supporting the government’s revenue target of Rs14.3 […]
Govt Considers Doubling Fertilizer Excise Duty, Introducing New Tax on Pesticides in FY26 Budget
The federal government is evaluating proposals to increase taxes on key agricultural inputs as part of its upcoming 2025–26 federal budget, including plans to double the existing excise duty on fertilisers and introduce a new tax on pesticides, The Express Tribune reported, citing senior tax officials. The current 5% Federal Excise Duty (FED) on fertilisers […]
A new National Agri-Trade and Food Safety Authority approved, older ones scrapped amid concerns over provincial autonomy
The President of Pakistan has issued an ordinance to establish the National Agri-Trade and Food Safety Authority (NAFSA), a new body aimed at centralizing food safety and agricultural trade functions. The initiative consolidates the Department of Plant Protection (DPP) and the Animal Quarantine Department (AQD) into a single authority to enhance efficiency and regulatory coordination. […]
Rupee Posts Marginal Gain Against US Dollar in Early Trading
The Pakistani rupee showed a slight appreciation against the US dollar during intra-day trading on Thursday, gaining 0.04% in the inter-bank market. By 10 a.m., the rupee was trading at 281.35, an increase of Re0.12 from the previous day’s closing rate of 281.47. The minor uptick in the rupee’s value comes amid a relatively stable […]