Pakistan Revenue
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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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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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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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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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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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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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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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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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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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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