Pakistan granted more than Rs. 11 trillion in tax exemptions over five years, according to figures presented by the Ministry of Finance in the National Assembly.
The figures were disclosed in a written response to a question raised by lawmaker Shaista Parvez. The ministry provided a breakdown of tax exemptions granted annually over the five year period.
Tax Exemptions Exceed Rs. 2 Trillion Annually
According to the Ministry of Finance, Pakistan granted Rs. 1.48 trillion in tax exemptions in fiscal year 2020 to 2021, followed by Rs. 2.24 trillion in fiscal year 2021 to 2022.
The amount increased to Rs. 2.54 trillion in fiscal year 2022 to 2023 before declining to Rs. 2.43 trillion in fiscal year 2023 to 2024. Tax exemptions stood at Rs. 2.35 trillion in fiscal year 2024 to 2025.
Tax exemptions remained above Rs. 2 trillion annually for four consecutive fiscal years, from 2021 to 2022 through 2024 to 2025.
Parliamentary Secretary Barrister Saad Wasim said the tax exemptions had been granted to improve the tax system.
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