Islamabad, June 23 -- The federal government has proposed a wide range of tax, compliance and digital enforcement measures in the Finance Bill, with the new provisions expected to take effect from July 1, subject to parliamentary approval.

Among the key proposals is a 15-year sales tax exemption for Pakistan International Airlines (PIA) on the purchase of aircraft. The government has also suggested reducing the sales tax on children's stationery items, including pencils, pens and sharpeners, to 10 percent.

The Finance Bill introduces significant changes to vehicle taxation. A one-time fixed tax of Rs10,000 has been proposed for vehicles up to 1000cc in federal areas. Token tax rates for older and newer vehicles in the same category are ...