Pakistan Granted Over Rs11 Trillion in Tax Exemptions Over Five Years

ISLAMABAD:Pakistan granted tax exemptions worth more than Rs11 trillion over the past five years, according to details presented in the National Assembly.

In a written response to a question raised by MNA Shaista Parvez, the Ministry of Finance provided year-wise details of tax exemptions granted between fiscal years 2020-21 and 2024-25.

According to the ministry, tax exemptions worth Rs1,482.31 billion were granted in fiscal year 2020-21, while the figure rose to Rs2,239 billion in 2021-22.

The ministry stated that tax exemptions amounted to Rs2,540 billion in fiscal year 2022-23, Rs2,434 billion in 2023-24, and Rs2,352 billion in 2024-25.

The figures show that total tax exemptions over the five-year period amounted to approximately Rs11.05 trillion.

Parliamentary Secretary Barrister Saad Waseem said tax exemptions had been granted to improve the tax system.

Clarify the exemption figuresStrengthen the closing context