Islamabad, June 23, 2025:In a major relief for individuals with undeclared assets, the federal government has relaxed restrictions on high-value purchases, allowing transactions that were previously banned.
According to the revised framework approved by the National Assembly’s Standing Committee on Finance, car purchases up to Rs. 7 million are now permitted for those whose asset declarations remain unresolved. The previous blanket ban faced criticism for being overly harsh and impractical.
Additionally, the purchase of residential property will only be restricted if it exceeds Rs. 50 million, while commercial plot transactions over Rs. 100 million will be subject to scrutiny. These updated thresholds aim to strike a balance between revenue collection and economic flexibility.
The government has also imposed limits on stock market investments and bank account holdings. Annual investments crossing Rs. 50 million in the equity market and maintaining bank balances over Rs. 100 million will now invite compliance checks, a move targeting high-net-worth individuals who remain outside the tax net.
The original plan proposed a total ban on all such transactions unless backed by declared income, but revisions have softened that stance in favor of a more targeted approach.
Meanwhile, the Federal Board of Revenue (FBR) has floated Rs. 36 billion worth of new tax measures. These are intended to compensate for the recent sales tax reduction on solar panel imports, from 18% to 10%, and to fund a 10% salary increase for government employees in the upcoming fiscal year.
These strategic changes reflect the government’s dual focus: boosting economic activity while expanding the tax base without stifling legitimate business or consumer behavior.
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