Pakistan granted more than Rs. 11 trillion in tax exemptions over five fiscal years, according to figures presented by the Ministry of Finance in the National Assembly. The data was shared in a written response to a question raised by lawmaker Shaista Parvez.
According to the ministry, tax exemptions amounted to Rs. 1.48 trillion in FY2020-21, Rs. 2.24 trillion in FY2021-22, Rs. 2.54 trillion in FY2022-23, Rs. 2.43 trillion in FY2023-24, and Rs. 2.35 trillion in FY2024-25. The figures show that annual tax exemptions remained above Rs. 2 trillion for four consecutive fiscal years.
Parliamentary Secretary Barrister Saad Wasim said the exemptions had been granted to improve the tax system.
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