Tax on agri income from next July

ISLAMABAD: Finance Minister Muhammad Aurangzeb on Wednesday said that tax on the agriculture sector would come into force from July 1, 2025, under the National Fiscal Pact (NFP) with provinces and hoped to sign a memorandum of understanding (MoU) shortly with China on talks for reprofiling of energy sector debt.

Speaking to journalists after a meeting of the Senate Standing Committee on Finance, the finance minister said that discussions with provinces over the NFP were progressing...