ISLAMABAD, August 6, 2025 – Pakistan recorded a sharp increase in its trade deficit in July 2025, driven largely by a substantial rise in import payments.
(more…)Author: Shahnawaz Akhter
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Bank deposits hit high, FBR tax intake drops
Karachi, August 5, 2025 – The Federal Board of Revenue (FBR) has reported a 5% decline in tax collection from profits on bank deposits during the fiscal year 2024-25, even as the country’s banking sector witnessed record-breaking deposit levels.
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NCCPL explains revised tax regime under Finance Act, 2025
Karachi, August 5, 2025 – The National Clearing Company of Pakistan Limited (NCCPL) on Tuesday issued a detailed circular outlining the revised tax regime for capital markets as introduced through the Finance Act, 2025.
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KSE-100 Index crosses 143,000 in unprecedented rally
Karachi, August 5, 2025 – The Pakistan Stock Exchange (PSX) witnessed another historic day on Tuesday as the benchmark KSE-100 index surged past the 143,000 mark, continuing its unprecedented rally fueled by strong investor sentiment and economic optimism.
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Deadline extended for June sales tax return to August 8
Islamabad, August 5, 2025 – In response to mounting complaints from taxpayers and consultants, the Federal Board of Revenue (FBR) has officially extended the deadline for filing the sales tax return for the month of June 2025 until August 8, 2025.
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FBR notifies sales tax rules for digitally ordered goods in Pakistan
Karachi, August 5, 2025 – In a major move to formalize the rapidly expanding e-commerce ecosystem, the Federal Board of Revenue (FBR) has announced detailed sales tax rules governing the collection and deduction on digitally ordered goods.
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Pakistan posts 9-year low fiscal deficit in FY25
Karachi, August 5, 2025 – In a significant fiscal milestone, Pakistan has posted its lowest fiscal deficit in nine years, clocking in at 5.38% of GDP during the fiscal year 2024-25 (FY25).
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FBR breaks through double-digit tax-to-GDP ratio after decades
Islamabad, August 4, 2025 – In a major fiscal breakthrough, the Federal Board of Revenue (FBR) has shattered a decades-long barrier by achieving a double-digit tax-to-GDP ratio, a milestone hailed as a turning point in Pakistan’s economic journey.
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FBR ends tax exemption on imported solar panels
Karachi, August 4, 2025 – The Federal Board of Revenue (FBR) has officially announced the withdrawal of the sales tax exemption previously available on imported solar panels, marking a significant shift in Pakistan’s solar energy policy.
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FBR limits income tax audit immunity to three years
Karachi, August 4, 2025 – The Federal Board of Revenue (FBR) has announced a significant policy shift, limiting the immunity from income tax audit to a period of three years, following amendments introduced in the Finance Act, 2025.
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