𝐏𝐚𝐤𝐢𝐬𝐭𝐚𝐧 𝐅𝐞𝐝𝐞𝐫𝐚𝐥 𝐁𝐮𝐝𝐠𝐞𝐭 𝟐𝟎𝟐𝟓–𝟐𝟔: 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 Part 02 OTHER MEASURES • Carbon levy on petrol, HSD & furnace oil at 2.5% (rising to 5% in 2026–27) • Petroleum levy on furnace oil • 6% salary increases; 7% pension hikes TARIFF MEASURES • Additional Customs Duty abolished in four years • Regulatory Duties abolished in five years • 5th Schedule of the Customs Act, 1969 abolished within five years • Only four customs slabs (0%, 5%, 10%, 15%); max duty capped at 15% FBR TRANSFORMATION PLAN • Plan approved Sep 2024 under three pillars (People, Process, Technology) • Digital production tracking for sugar, cement, beverages, fertilizers & textiles • B2B transaction documentation via e-invoicing • AI-based audit selection for income tax & sales tax • POS integration across all four provinces • E-way billing to monitor goods transport • Faceless audits in Customs • Digital workflows & enforcement alerts for FBR officers • Central Control Unit (CCU) for real-time data visibility • Capacity building of departmental auditors and appointment of subject-matter mentors • Rewards based on performance, professionalism & integrity • Simplified tax return requiring only seven data points for salaried individuals & small businesses ENERGY MEASURES • IPP contracts revisited • Privatization of FESCO, IESCO & GEPCO at advanced stage • NTDC restructured into three companies • Professional boards appointed for DISCOs • GENCO power plants closed; spare assets for sale IMPROVEMENT IN DEBT MANAGEMENT • Debt-to-GDP ratio down from 74% to 70% in two years • Rs. 1,000 billion of loans bought back under the Debt Buy-Back Program • Diversified debt products to broaden investor base • Sukuk bonds issued via PSX; first Panda bonds to follow SOE REFORMS • SOEs categorized for restructuring, privatization or PPP to address a Rs. 1 trillion annual burden FEDERAL GOVERNMENT REFORMS • Rightsizing exercise in ten ministries, with more to follow PENSION REFORMS • Discouraged early retirement; pension increases tied to CPI; abolish multiple pensions IT SECTOR • IT exports up 21% to USD 3.1 billion in 10 months; target USD 25 billion in five years SMEs & AFFORDABLE HOUSING • SMEDA’s 2024–2027 plan to boost SME financing, exports, women’s entrepreneurship & climate action • SME finance to rise from Rs. 641 billion to Rs. 1,100 billion by 2028 OVERSEAS PAKISTANIS • Remittances up 31% to USD 31.2 billion in 10 months; USD 10 billion increase over two years • Special courts, online case registration, evidence collection & civil awards for top 15 remitters each year AGRICULTURE • Collateral-free, e-wallet loans up to Rs. 100,000 for small farmers • National seed & biotechnology policies at advanced stage