Author: Shahnawaz Akhter
-
FTO orders IP address probe in major sales tax fraud case
Islamabad, August 9, 2025 – The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to investigate IP addresses linked to a high-profile sales tax fraud case involving fake invoices worth millions. According to the complaint, a 68-year-old commercial importer, registered for sales tax since August 2008, discovered the fraud while attempting…
Written by
-
FBR changes taxpayers’ registration scheme for 2025-26
Islamabad, August 9, 2025 – The Federal Board of Revenue (FBR) has announced important changes to the taxpayers’ registration scheme for the 2025-26 fiscal year, introducing new rules to cover e-commerce businesses under the Finance Act, 2025.
Written by
-
KCCI voices concern over customs raids on genuine businesses
Karachi, August 8, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has expressed serious concern over recent anti-smuggling raids by customs authorities that, according to the Chamber, have targeted legitimate businesses alongside illicit operators.
Written by
-
FPCCI welcomes reversal of harsh tax measures
Karachi, August 8, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has warmly welcomed the government’s decision to roll back several controversial tax provisions introduced in the federal budget for the fiscal year 2025–26.
Written by
-
LTO Karachi recovers Rs4 billion CVT from foreign assets
KARACHI, August 8, 2025 — In a stunning fiscal triumph, the Large Taxpayers Office (LTO) Karachi has unleashed its enforcement might, recovering a jaw-dropping Rs4 billion in Capital Value Tax (CVT) from foreign assets during the 2024-25 fiscal year.
Written by
-
Pakistan receives $3.21 billion in remittances for July 2025
Karachi, August 8, 2025 – Pakistan recorded an inflow of $3.21 billion in workers’ remittances during July 2025, according to data released by the State Bank of Pakistan (SBP) on Friday.
Written by
-
FBR uses new FED to track poultry sector output
ISLAMABAD, August 8, 2025 — The Federal Board of Revenue (FBR) has announced that the recently imposed Federal Excise Duty (FED) on day-old chicks (DOCs) will serve as a powerful tool to monitor production in Pakistan’s vast poultry sector.
Written by
-
FBR officially withdraws FED on immovable property
ISLAMABAD, August 8, 2025 — In a major policy shift welcomed by the real estate sector, the Federal Board of Revenue (FBR) has officially withdrawn the Federal Excise Duty (FED) on the allotment or transfer of immovable property.
Written by
-
FBR limits input tax adjustment, implements CRM framework
KARACHI, August 8, 2025 – The Federal Board of Revenue (FBR) has announced new restrictions on input tax adjustment, linking the process to its Compliance Risk Management (CRM) system.
Written by
-
Wajid Ali Appointed as Member Customs Operations
Islamabad, August 7, 2025 – In a significant development within the Federal Board of Revenue (FBR), Wajid Ali, a senior officer of the Pakistan Customs Service (PCS) in BS-22, has been appointed as the new Member Customs Operations.
Written by
