Do these 3 things before closing this tab:
1Fix the driver behind crashes, sound loss and screen glitches2Clear out junk files and repair common Windows errors3Scan for outdated or missing drivers - takes under a minuteThe “50+ entities” headline refers to Pakistan’s Finance Bill 2025-26, not Kenya’s separate Finance Bill 2025. A Pakistan tax-law commentary reproduces a schedule with 111 numbered entries, but that count and list are secondary reporting—not confirmation of the final enacted schedule. The reproduced exemption is also subject to section 100C conditions, so an organization’s inclusion does not by itself establish an automatic, unconditional tax exemption.
What the reported exemption covers
The schedule reproduced in Pakistan Law Service’s 2025-26 tax commentary concerns income derived by named institutions, foundations, societies, boards, trusts, funds and other listed bodies. It is not a general exemption for every kind of income or tax owed by every organization named. Some entries specify a time period, a particular transaction or another limit.
Customs Today’s 2025 report described the provision as covering “over 50” entities. Pakistan Law Service’s commentary numbers 111 entries. These are two secondary-source descriptions; the 111-entry count has not been independently confirmed here against Pakistan’s official enacted schedule.
| Source | Figure or description | What it establishes |
|---|---|---|
| Customs Today, 2025 | “Over 50” entities | A contemporary news description; it does not reproduce the full list. |
| Pakistan Law Service, 2025-26 commentary | 111 numbered entries | The count in the commentary’s reproduced schedule; not an official count verified against the Act. |
Which entities are tax exempt?
The following is the 111-entry list as reproduced in Pakistan Law Service’s commentary. Names and qualifications below reflect that secondary source and should be checked against the enacted Pakistani schedule before being relied on as current law.
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- International Islamic Trade Finance Corporation.
- Islamic Corporation for Development of Private Sector.
- National Memorial Bab-e-Pakistan Trust.
- Pakistan Agricultural Research Council.
- Corporatized entities of Pakistan Water and Power Development Authority, from creation until completion of corporatization (described as until the tariff is notified).
- Prime Minister’s Special Fund for victims of terrorism.
- Chief Minister’s (Punjab) Relief Fund for Internally Displaced Persons (IDPs) of NWFP.
- Institutions of the Agha Khan Development Network (Pakistan) contained in Schedule 1 of the Accord and Protocol dated November 13, 1994, between the Government of Pakistan and the Agha Khan Development Network.
- Pakistan Council of Scientific and Industrial Research.
- Pakistan Water and Power Development Authority established under the Pakistan Water and Power Development Authority Act, 1958.
- WAPDA First Sukuk Company Limited.
- Pension of a former President of Pakistan and his widow.
- State Bank of Pakistan and State Bank of Pakistan Banking Services Corporation.
- International Finance Corporation.
- Pakistan Domestic Sukuk Company Ltd.
- ECO Trade and Development Bank.
- Islamic Chamber of Commerce and Industry under the Organization of Islamic Conference (OIC).
- Commission on Science and Technology for Sustainable Development in the South (COMSATS).
- WAPDA on issuance of twenty billion rupees TFCs/SUKUK certificates for consideration of Diamer Bhasha Dam Projects.
- Federal Board of Revenue Foundation.
- WAPDA Second Sukuk Company Limited.
- Pakistan International Sukuk Company Limited.
- Second Pakistan International Sukuk Company Limited.
- Third Pakistan International Sukuk Company Limited.
- Asian Infrastructure Investment Bank and persons provided for in Article 51 of Chapter IX of its Articles of Agreement.
- Supreme Court of Pakistan Diamer Bhasha & Mohmand Dams Fund.
- National Disaster Risk Management Fund.
- Deposit Protection Corporation.
- SAARC Energy Centre.
- Asian Development Bank.
- Prime Minister’s COVID-19 Pandemic Relief Fund-2020.
- Saarc Arbitration Council (SARCO).
- International Parliamentarians Congress.
- Sindh Institute of Urology and Transplantation, SIUT Trust and Society for the Welfare of SIUT.
- Shaukat Khanum Memorial Trust.
- National Endowment Scholarship for Talent (NEST).
- Islamic Naya Pakistan Certificates Company Limited (INPCCL).
- Abdul Sattar Edhi Foundation.
- Patient’s Aid Foundation.
- Indus Hospital and Health Network.
- Securities and Exchange Commission of Pakistan.
- Dawat-e-Hadiya, Karachi.
- Privatisation Commission of Pakistan.
- The Citizens Foundation.
- Sundus Foundation.
- Ali Zaib Foundation.
- Fauji Foundation.
- Make a Wish Foundation.
- Audit Oversight Board.
- Supreme Court Water Conservation Account.
- Layton Rahmatullah Benevolent Trust (LRBT).
- Baluchistan Education Endowment Fund (BEEF).
- Saylani Welfare International Trust.
- Chiniot Anjuman Islamia.
- Army Welfare Trust.
- Pakistan Mortgage Refinance Company Limited.
- Pakistan Global Sukuk Programme Company Limited.
- Karandaaz Pakistan, from tax year 2015 onwards.
- Pakistan Sweet Homes Angels and Fairies Place.
- Public Private Partnership Authority for tax year 2022 and the subsequent four tax years.
- Dawat-e-Islami Trust.
- Hamdard Laboratories (Waqf) Pakistan.
- Prime Minister’s Relief Fund for Flood, Earthquake and Other Calamities, effective from August 5, 2022.
- Film and Drama Finance Fund.
- Export-Import Bank of Pakistan.
- Shaheed Mohtarma Benazir Bhutto Institute of Trauma, Karachi.
- Shaheed Zulfikar Ali Bhutto Institute of Science and Technology.
- Al-Shifa Trust.
- Bilquis Edhi Foundation.
- Fatimid Foundation.
- Pakistan Engineering Council.
- The Institution of Engineers.
- Liaquat National Hospital Association.
- Greenstar Social Marketing Pakistan (Guarantee) Limited.
- Gulab Devi Chest Hospital.
- Pakistan Poverty Alleviation Fund.
- National Academy of Performing Arts.
- National Rural Support Programme.
- Pakistan Bar Council.
- Pakistan Centre for Philanthropy.
- Aziz Tabba Foundation.
- The Kidney Centre Post Graduate Training Institute.
- Pakistan Disabled Foundation.
- Forman Christian College.
- Habib University Foundation.
- Begum Akhtar Rukhsana Memorial Trust Hospital.
- Al-Khidmat Foundation.
- Sardar Trust Eye Hospital, Lahore.
- Akhuwat.
- Al-Shifa Trust Eye Hospital.
- SARMAYA-E-PAKISTAN LIMITED.
- Lahore University of Management Sciences, Lahore.
- Ghulam Ishaq Khan Institute of Engineering Sciences and Technology.
- Society for the Promotion of Engineering Sciences and Technology in Pakistan (SOPREST).
- Businessmen Hospital Trust.
- Baitussalam Welfare Trust.
- Alamgir Welfare Trust International.
- Foundation University.
- Burhani Qarzan Hasnan Trust.
- Saifee Hospital Karachi.
- Saifiyah Girls Taalim Trust.
- Balochistan Bar Council.
- Islamabad Bar Council.
- Khyber Pakhtunkhwa Bar Council.
- Punjab Bar Council.
- Sindh Bar Council.
- Shaheed Zulfikar Ali Bhutto Foundation (SZABF).
- Beaconhouse National University.
- Federal Ziauddin University.
- Army Officers Benevolent Fund/Benevolent Fund/Bereaved Family Scheme.
- Punjab Police Welfare Foundation Lahore.
Is Fauji Foundation exempt from tax?
Fauji Foundation appears as entry 47 in the reproduced schedule. That establishes that the commentary lists it; it does not, by itself, establish that every income stream of the Foundation is exempt or that it satisfies all applicable statutory conditions.
Does the Finance Bill exempt the State Bank of Pakistan?
The State Bank of Pakistan and the State Bank of Pakistan Banking Services Corporation appear together at entry 13. As with the other names, the schedule’s appearance is not enough to determine the scope of covered income or confirm present eligibility.
Are these exemptions automatic?
No automatic, unconditional exemption should be inferred from the reproduced list. The commentary describes the listed-income provision as subject to section 100C conditions. The available source material does not establish each organization’s compliance, the full administrative requirements, or the final wording of the operative schedule.
What does section 100C require?
The reproduced schedule identifies section 100C as a condition on the exemption, but the material available for this list does not set out the section’s complete requirements or show how they apply to each entity. An organization assessing its own tax position should consult the current consolidated Income Tax Ordinance, the official Gazette text and applicable administrative guidance, and obtain advice based on its particular income and circumstances.
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Some entries do not state a general, unrestricted exemption. The commentary reproduces qualifications including these:
- WAPDA corporatized entities: coverage is described as running from creation until completion of corporatization, with the commentary adding “until the tariff is notified.”
- WAPDA’s Diamer Bhasha Dam entry: tied to issuance of twenty billion rupees in TFCs/SUKUK certificates for consideration of the project.
- Karandaaz Pakistan: stated as applying from tax year 2015 onwards.
- Public Private Partnership Authority: stated for tax year 2022 and the subsequent four tax years.
- Prime Minister’s Relief Fund for Flood, Earthquake and Other Calamities: stated as effective from August 5, 2022.
These are the qualifications in the commentary, not a substitute for checking the exact statutory language and the relevant tax year.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Is the ICC Champions Trophy exemption part of the 111 entities?
No. The commentary discusses separately a proposed exemption for income derived by the International Cricket Council and specified participants connected with the ICC Champions Trophy 2025 hosted in Pakistan, excluding Pakistan residents. It is not one of the 111 numbered entries and should not be added to that count.
What is confirmed—and what still needs checking?
A June 30, 2025 report said Pakistan’s Finance Bill had parliamentary approval and was expected to become an Act upon presidential assent that day. That report and the tax commentary are secondary sources; they do not establish the final Gazette text or the wording in a current consolidated statute. Before relying on a name in the schedule, confirm the enacted provision, its applicable tax year, any entry-specific restriction, and the organization’s section 100C eligibility in official Pakistani legal materials.
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