Pakistan’s National Assembly has passed the Finance Bill for the fiscal year 2024-25, incorporating significant tax relief measures aimed at easing the burden on citizens and stimulating economic activity. Key provisions include an increase in the tax-free income threshold and adjustments to income tax slabs, benefiting salaried individuals and pensioners. The bill also addresses concerns regarding the imposition of a 17% sales tax on essential food items, opting instead for a reduced rate. Opposition parties voiced concerns over the bill’s potential impact on revenue collection and the lack of substantial reforms. Despite these objections, the government secured passage with a majority vote, framing the bill as crucial for navigating ongoing economic challenges and fulfilling commitments to the International Monetary Fund. The finance minister emphasized the bill’s focus on providing relief to the middle and lower-income segments of the population while maintaining fiscal discipline. The legislation now proceeds to the Senate for approval before becoming law.