Pakistan granted more than Rs. 11 trillion in tax exemptions between fiscal years 2020-21 and 2024-25, according to figures presented by the Ministry of Finance in the National Assembly.

The figures were disclosed in a written response to a question by lawmaker Shaista Parvez, detailing the annual value of tax exemptions over the five-year period.

Tax Exemptions Remain Above Rs. 2 Trillion Annually

Pakistan granted Rs. 1.48 trillion in tax exemptions in fiscal year 2020-21, followed by Rs. 2.24 trillion in 2021-22, according to the Ministry of Finance.

The total rose to Rs. 2.54 trillion in 2022-23 before declining to Rs. 2.43 trillion in 2023-24 and Rs. 2.35 trillion in 2024-25.

The figures show that annual tax exemptions exceeded Rs. 2 trillion for four consecutive fiscal years, from 2021-22 to 2024-25.

Parliamentary Secretary Barrister Saad Wasim said the exemptions had been granted to improve the tax system.