Rs2.35trn granted as tax exemptions and concessions in FY25, NA told
The National Assembly was informed on Monday that the government granted tax exemptions, concessions, reduced rates and special treatments worth Rs2.35 trillion in 2024-25, while a comprehensive assessment of the costs and benefits of major tax incentives is targeted for completion by June 2027. In a written reply to a question by Shaista Pervaiz, Minister for Finance and Revenue Muhammad Aurangzeb said total tax expenditures stood at Rs2.352 trillion in 2024-25, compared with Rs2.434 trillion in 2023-24. The figure had peaked at Rs2.54 trillion in 2022-23, after rising from Rs1.482 trillion in 2020-21 to Rs2.239 trillion in 2021-22.