KARACHI: Sindh Chief Minister Syed Murad Ali Shah said on Saturday that the provincial government did not introduce any new taxes in the budget 2025-26. Additionally, some existing taxes have been eliminated or reduced, with export processing zones and special economic zones exempted from the services tax.

Addressing a post-budget press conference at the CM House, he announced the abolition of the entertainment tax and reductions in restaurant taxes.

He said that as per the Sindh Finance Bill 2025-26, the stamp duty on third-party vehicle insurance had also been reduced to Rs50 with a drop in the insurance tax from 15 to 5pc, adding that a list of tax-exempted items would be published as per the IMF requirement.

As per the finance bill, services of parliament and assembly members, local government representatives, judges, and tribunal members were exempted from sales tax.

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Tax exemption on construction of 10,000 sq. feet of houses in private residential schemes and there would be no tax on health and life insurance worth Rs500,000.

The........

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