Author: Shahnawaz Akhter
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Habib Bank pays Rs41 billion in income tax during 1HCY25
Karachi, July 31, 2025 – Habib Bank Limited (HBL) has reported a significant contribution of Rs41 billion in income tax payments during the first half of the calendar year 2025 (January–June), underscoring the bank’s expanding profitability and its vital role in Pakistan’s financial sector.
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FBR clarifies scope of digital presence tax
Islamabad, July 30, 2025 – The Federal Government has announced that the newly introduced Digital Presence Proceeds Tax will not apply to digitally ordered goods and services supplied from outside Pakistan, provided they are already chargeable under the provisions of the same law.
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FBR starts action against taxpayers over integration failure
Islamabad, July 30, 2025 – The Federal Board of Revenue (FBR) has begun penal proceedings against taxpayers who failed to meet the mandatory integration requirements with its electronic tax system.
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SBP issues regulatory framework for bank recovery planning
Karachi, July 30, 2025 – The State Bank of Pakistan (SBP) has issued a comprehensive regulatory framework to guide banks in developing robust recovery planning mechanisms aimed at safeguarding financial stability during periods of distress.
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Working groups formed to finalize export enhancement roadmap
Islamabad, July 30, 2025 – The Ministry of Commerce has formed three dedicated working groups tasked with drafting a comprehensive roadmap for increasing manufacturing exports. These working groups will assess key challenges related to duties, taxation, and financing—factors that significantly impact the cost and competitiveness of exports.
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SAI slams SBP for maintaining high policy rate
Karachi, July 30, 2025 – The SITE Association of Industry (SAI) on Wednesday strongly criticized the State Bank of Pakistan (SBP) for its decision to maintain the benchmark policy rate at 11%, despite a noticeable decline in inflation.
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SBP maintains 11% policy rate amid inflation concerns
Karachi, July 30, 2025 – The State Bank of Pakistan (SBP) has decided to keep the benchmark policy rate unchanged at 11%, citing mounting inflation risks and a shifting macroeconomic landscape.
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FBR lists categories exempt from filing 2025 tax return
Karachi, July 30, 2025 – The Federal Board of Revenue (FBR) has issued a clarification outlining specific categories of individuals who are not required to file income tax return for the tax year 2025.
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Tax bar files complaint against QR scanning, system integration
ISLAMABAD, July 29, 2025 – The Nowshera Tax Bar Association has lodged a formal complaint with the Federal Tax Ombudsman (FTO) over the recently imposed QR code scanning requirement for logging into the IRIS portal and the mandatory integration of business systems with the Federal Board of Revenue (FBR).
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FBR gets 41% more funds for FY 2025-26 expenses
Islamabad, July 29, 2025 – The federal government has significantly increased the budgetary allocation for the Federal Board of Revenue (FBR) for the fiscal year 2025-26, earmarking Rs83.10 billion for its expenditures. This reflects a 41% jump compared to Rs58.80 billion allocated in the previous fiscal year.
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