Islamabad, October 11, 2025 – The Federal Board of Revenue (FBR) has issued a clear deadline for taxpayers to claim their sales tax refunds, emphasizing the importance of timely applications.
(more…)Author: Shahnawaz Akhter
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FBR rakes in record Rs89b from exports under new tax regime
Islamabad, October 11, 2025 — In a major fiscal breakthrough, the Federal Board of Revenue (FBR) has collected an unprecedented Rs89 billion in advance tax from exports during the first year of the new levy’s implementation — marking a historic shift in Pakistan’s taxation structure for the export sector.
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KCCI seeks PM’s intervention on overcharged gas bills
Karachi, October 11, 2025 — The Karachi Chamber of Commerce and Industry (KCCI) has appealed to Prime Minister Muhammad Shehbaz Sharif to take urgent notice of what it calls miscalculated and inflated gas bills issued to industrial consumers this month.
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FBR fully authorized for real-time access to national data
Islamabad, October 10, 2025 – In a significant move toward strengthening tax enforcement, the Federal Board of Revenue (FBR) has been granted full access to national databases in real time, empowering the agency to enhance its monitoring and compliance mechanisms across the country.
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What Are the Legal Modes of Serving Sales Tax Orders?
The Sales Tax Act, 1990 clearly explains how official notices, orders, or decisions related to sales tax should be legally delivered to individuals and businesses. According to the Federal Board of Revenue (FBR), these procedures, mentioned in Section 56 of the Act, will continue to apply during the tax year 2025–26.
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Withholding tax on electricity generates Rs146b for FBR in FY25
Islamabad, October 9, 2025 – The Federal Board of Revenue (FBR) has reported a significant rise in revenue from withholding tax on electricity, collecting Rs146 billion during fiscal year 2024–25.
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Pakistan’s weekly forex reserves edge up to $19.81 billion
Karachi, October 9, 2025 – Pakistan’s foreign exchange (forex) reserves recorded a slight increase, reaching $19.81 billion by the week ended October 3, 2025, according to data released by the State Bank of Pakistan (SBP) on Thursday.
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IR officers invoke provisions for sales tax arrears recovery
Islamabad, October 9, 2025 – Taxpayers across the country should brace for strict enforcement actions as the Inland Revenue (IR) officers of the Federal Board of Revenue (FBR) begin implementing provisions for the recovery of outstanding sales tax arrears under the Sales Tax Act, 1990.
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Your information is as valuable as income: KTBA chief
Karachi, October 9, 2025 – The President of the Karachi Tax Bar Association (KTBA), Ali A. Rahim, has warned taxpayers to remain vigilant against unauthorized intermediaries offering online income tax return filing services.
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Pakistan sees 10% drop in U.S. remittances in 1QFY26
Karachi, October 9, 2025 – Pakistan’s workers’ remittances from the United States dropped by 10% during the first quarter (July–September) of fiscal year 2025–26, according to new data released by the State Bank of Pakistan (SBP).
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