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Author: Shahnawaz Akhter

Federal Tax Ombudsman Return Filing

FTO orders IP address probe in major sales tax fraud case

August 9, 2025August 9, 2025Shahnawaz Akhter

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 […]

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FBR launches IRIS 2.0

FBR changes taxpayers’ registration scheme for 2025-26

August 9, 2025August 9, 2025Shahnawaz Akhter

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.

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KCCI Photo

KCCI voices concern over customs raids on genuine businesses

August 8, 2025August 8, 2025Shahnawaz Akhter

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.

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Federation of Pakistan Chambers

FPCCI welcomes reversal of harsh tax measures

August 8, 2025August 8, 2025Shahnawaz Akhter

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.

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LTO Karachi

LTO Karachi recovers Rs4 billion CVT from foreign assets

August 8, 2025August 8, 2025Shahnawaz Akhter

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.

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Pakistan receives $3.21 billion in remittances for July 2025

August 8, 2025August 8, 2025Shahnawaz Akhter

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.

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PBC Proposals

FBR uses new FED to track poultry sector output

August 8, 2025August 8, 2025Shahnawaz Akhter

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.

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FBR - Taxation

FBR officially withdraws FED on immovable property

August 8, 2025August 8, 2025Shahnawaz Akhter

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.

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FBR Blue

FBR limits input tax adjustment, implements CRM framework

August 8, 2025August 8, 2025Shahnawaz Akhter

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.

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pakistan customs

Wajid Ali Appointed as Member Customs Operations

August 7, 2025August 7, 2025Shahnawaz Akhter

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.

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  • Economic Survey 2025-26 reveals major shift in FBR tax revenue structure June 20, 2026
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  • Economic Survey 2025-26 reveals major shift in FBR tax revenue structure
  • FBR notifies customs duty rates on electric vehicles from July 1, 2026
  • Gold Prices Per Tola in Pakistan Edge Lower on June 20, 2026
  • Sales tax concessions on reduced rates surge to Rs636 billion: FBR
  • Aurangzeb rejects GDP controversy, says Pakistan economy reaches $452 billion
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