Stakeholders asked to submit budget proposals
The Federal Board of Revenue (FBR) has begun inviting tax proposals from all stakeholders to enhance the formulation process and reduce backend procedural burdens for Budget 2025-26. The FBR has set Jan 31 as the deadline for receiving budget proposals, advancing its plan to engage all stakeholders in the budget process. In another letter, the commerce ministry has requested tariff-related proposals for the upcoming budget. The deadline for submission is Feb 15 to ensure suggestions are considered during the preparation of the next federal budget. In a letter released on Wednesday, the FBR announced the initiation of proposal development for the Finance Bill 2025. As part of this effort, the FBR has called for input from all stakeholders to refine tax policies for 2025-26.