On 26 May 2017, Pakistan Minister of Finance Ishaq Dar presented the 2017/2018 Budget to parliament. The main tax-related measures are summarized as follows:

• Reducing the income tax rate for companies from 31% to 30% for the 2018 tax year (already planned);
• Introducing a three-year tax exemption for qualifying start–ups with annual turnover up to PKR 100 million that have been registered and c…