The Finance Bill for the fiscal year 2025–26 is set to receive the President’s approval today, introducing more than 50 tax exemptions aimed at various public entities, charitable funds, and international lending organizations.

Among the beneficiaries of these exemptions are corporatized entities of the Water and Power Development Authority (WAPDA), the Prime Minister’s Special Fund for victims of terrorism, the National Disaster Risk Management Fund, the Prime Minister’s COVID-19 Relief Fund-2020, and the National Endowment Scholarship for Talent (NEST).

The bill also extends tax relief to organizations such as the Securities and Exchange Commission of Pakistan (SECP), the Privatisation Commission, the Audit Oversight Board, the Army Welfare Trust, the Supreme Court Water Conservation Account, and the Balochistan Education Endowment Fund.

Notably, pensions for a former president and his widow will now be tax-exempt, along with several state institutions, including the State Bank of Pakistan, SBP Banking Services Corporation, FBR Foundation, Pakistan Council of Scientific and Industrial Research, WAPDA, and the Pakistan Agricultural Research Council.

Key Exemptions Include:

• Pension of a former president and his widow
• State Bank of Pakistan (SBP)
• SBP Banking Services Corporation
• FBR Foundation
• Pakistan Council of Scientific and Industrial Research (PCSIR)
• Pakistan Water and Power Development Authority (WAPDA)
• Pakistan Agricultural Research Council
• Corporatized entities of WAPDA (until completion of the corporatization process)
• Prime Minister’s Special Fund for victims of terrorism
• Chief Minister’s (Punjab) Relief Fund for IDPs of NWFP
• National Disaster Risk Management Fund
• Supreme Court – Diamer Bhasha and Mohmand Dams Fund
• Prime Minister’s COVID-19 Pandemic Relief Fund-2020
• National Endowment Scholarship for Talent (NEST)
• Securities and Exchange Commission of Pakistan (SECP)
• Privatisation Commission of Pakistan
• Fauji Foundation
• Audit Oversight Board
• Supreme Court Water Conservation Account
• Balochistan Education Endowment Fund (BEEF)
• Army Welfare Trust
• Public Private Partnership Authority (for tax year 2022 and the next four years)
• Prime Minister’s Relief Fund for Flood, Earthquake, and Other Calamities (from August 5, 2022)
• Export-Import Bank of Pakistan
• Deposit Protection Corporation
• Various Sukuk Companies related to WAPDA
• Shaheed Mohtarma Benazir Bhutto Institute of Trauma, Karachi
• National Memorial Bab-e-Pakistan Trust
• Pakistan Poverty Alleviation Fund
• National Rural Support Programme
• Karandaaz Pakistan (from tax year 2015 onward)
• Institutions of the Aga Khan Development Network (Pakistan)
• International Finance Corporation (IFC)
• Asian Infrastructure Investment Bank (AIIB)
• Saarc Energy Centre
• Asian Development Bank (ADB)
• International Islamic Trade Finance Corporation
• Islamic Corporation for Development of the Private Sector
• ECO Trade and Development Bank
• Islamic Chamber of Commerce and Industry (OIC)
• Commission on Science and Technology for Sustainable Development in the South (COMSATS)
• Saarc Arbitration Council (SARCO)
• International Parliamentarians’ Congress
• Army Officers Benevolent Fund / Benevolent Fund / Bereaved Family Scheme

Additionally, the exemptions will also apply to Olympic medal winners receiving government awards, effective from the tax year 2025.