Author: Shahnawaz Akhter
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FBR imposes 100% higher tax on bank profits for non-filers
Karachi, August 4, 2025 – The Federal Board of Revenue (FBR) has announced a major tax hike targeting non-filers, with a 100% increase in tax rates on profit earned from bank deposits, effective from tax year 2026 (July 1, 2025, to June 30, 2026).
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PSX shatters records, crosses 142K milestone for first time
Karachi, August 4, 2025 – The Pakistan Stock Exchange (PSX) has made history by crossing the monumental milestone of 142,000 points for the first time ever, marking a new era of bullish momentum in the country’s capital market.
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FBR integrates surplus employees from defunct departments
Islamabad, August 4, 2025 – In a major administrative move, the Federal Board of Revenue (FBR) has officially announced the absorption of a significant number of surplus employees who were previously part of now-defunct government departments.
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FBR quells uproar with clarification on 37A provision
Islamabad – August 4, 2025: Amid a wave of fury sweeping across Pakistan’s business community, the Federal Board of Revenue (FBR) has finally broken its silence on the much-feared Section 37A of the Sales Tax Act, 2025.
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FY25 CGT collection skyrockets 222% on stock market boom
Karachi, August 4, 2025 – The Federal Board of Revenue (FBR) has recorded a massive 222% rise in the collection of Capital Gain Tax (CGT) on the sale of securities during the fiscal year 2024-25, reflecting a booming stock market and enhanced investor returns.
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FBR explains higher withholding tax rates on property sales
Islamabad, August 3, 2025 – The Federal Board of Revenue (FBR) has clarified the recent changes made to withholding tax rates on the sale and purchase of immovable property under the Finance Act, 2025.
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FBR begins matching bank data of high-risk taxpayers
Islamabad, August 3, 2025 – The Federal Board of Revenue (FBR) has initiated a new system to cross-match the financial records of high-risk taxpayers with their declared income and wealth, using data provided by banks.
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FBR outlines conditions for tax exemption on property sale
Islamabad, August 3, 2025 – The Federal Board of Revenue (FBR) has outlined conditions for availing tax exemption of sale of immovable property.
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Withholding tax rate enhanced for sports persons to 15%
Islamabad, August 3, 2025 – The Federal Board of Revenue (FBR) has said that the withholding tax rate for sports persons has been enhanced to 15% from fiscal year 2025-26.
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Banks begin withholding tax on IPS account securities
Islamabad, August 3, 2025 – Banks across Pakistan have started collecting withholding tax on the sale of debt securities from Investor Portfolio Securities (IPS) accounts, following new changes introduced in the Finance Act, 2025.
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