KARACHI, June 20, 2025 – The Federal Board of Revenue (FBR) has reported the collection of Rs180.54 billion in regulatory duty during the fiscal year 2023-24, marking a year-on-year increase of 4.3% compared to Rs173 billion in FY23.
(more…)Author: Shahnawaz Akhter
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Sindh revises nomenclature for sales tax on services
KARACHI, June 20, 2025 – In a significant step toward modernization and standardization of tax regulations, the Sindh government has unveiled comprehensive changes to the nomenclature for sales tax on services under the Sindh Finance Bill, 2025.
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Pakistan’s rice export suffers 12% blow amid price crash, tax woes
Karachi, June 20, 2025 — Pakistan’s rice export sector is reeling from a severe setback as official data from the Pakistan Bureau of Statistics (PBS) shows a staggering 12% year-on-year decline in export earnings during the first 11 months (July–May) of FY2024-25.
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FBR reports 545% property transactions tax surge in half decade
KARACHI, June 20, 2025 – In a jaw-dropping revenue leap, the Federal Board of Revenue (FBR) has recorded an astonishing 545% increase in income tax collection from transactions involving immovable properties over the past five years — a figure that signals a dramatic shift in the taxation landscape.
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FPCCI explodes over taxmen’s shocking powers in FY26 budget
KARACHI, June 19, 2025 – In a scathing rebuke, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has rejected what it calls “draconian” powers granted to tax authorities under the Federal Budget 2025-26.
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Salaried class blasts Budget 2025-26: ‘Relief is a cruel joke’
KARACHI, June 19, 2025 – A firestorm of criticism erupted from Pakistan’s salaried class on Thursday after the federal government unveiled what many are calling a “mockery of relief” in the Budget 2025-26.
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Salary tax collection skyrockets 200% in five years: FBR
Karachi, June 19, 2025 – In a jaw-dropping revelation, the Federal Board of Revenue (FBR) has announced a stunning 200% surge in salary tax collection over the past five years, marking a historic rise in Pakistan’s direct tax landscape.
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Sugar export rises over 18 times amid 24% local price surge
Islamabad, June 19, 2025 – Pakistan witnessed an extraordinary rise in sugar export, which soared by a staggering 1,851% during the first eleven months (July–May) of fiscal year 2024-25, even as local sugar prices surged by 24%, putting a financial strain on domestic consumers.
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Pakistan’s textile exports reach $16.37 billion in 11MFY25
Islamabad, June 19, 2025 – Pakistan’s textile exports surged to $16.37 billion during the first eleven months (July–May) of the current fiscal year 2024-25, reflecting a significant growth trend, as per the latest data released by the Pakistan Bureau of Statistics (PBS).
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KPT, KCCI join hands to strengthen trade, maritime investment
Karachi, June 19, 2025 – The Karachi Port Trust (KPT) and the Karachi Chamber of Commerce and Industry (KCCI) have reaffirmed their commitment to closely collaborate in streamlining trade operations and boosting investment in Pakistan’s maritime and business sectors.
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