Islamabad, October 8, 2025 – The Federal Board of Revenue (FBR) has announced that all sales tax de-registration requests must now be processed exclusively through the computerized system, eliminating manual applications altogether.
(more…)Author: Shahnawaz Akhter
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Pakistan discovers new gas reserves in Sindh province
Karachi, October 8, 2025 – Pakistan Petroleum Limited (PPL) has announced a significant gas discovery in the Kotri North Block located in Sindh province, marking another milestone in the country’s search for local energy resources.
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KTBA seeks removal of redundant return filing requests
Karachi, October 8, 2025 – The Karachi Tax Bar Association (KTBA) has called on the Federal Board of Revenue (FBR) to remove all pending requests for return filing deadline extensions from the IRIS portal.
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FBR reports 19% rise in tax collected from weddings
Karachi, October 8, 2025 — The Federal Board of Revenue (FBR) has announced a significant 19% increase in the collection of withholding tax on weddings during the fiscal year 2024–25, highlighting improved compliance and growing formalization in the event management sector.
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FBR explores new measures to boost FY26 tax collection
Islamabad, October 8, 2025 — The Federal Board of Revenue (FBR) is actively exploring various strategies to strengthen revenue collection and prevent a shortfall during the fiscal year 2025–26.
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Sales Tax Act Grants Suo Moto Powers to Commissioner IR
Islamabad, October 7, 2025 – The Federal Board of Revenue (FBR) has clarified that under the Sales Tax Act, 1990, the commissioner of Inland Revenue holds suo moto powers to call for and examine departmental records to ensure compliance and legality of decisions.
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Karachi University hosts seminar on tax filing, pension reforms
Karachi, October 7, 2025 – The University of Karachi hosted an informative seminar titled “Impacts of Income Tax Filing and Amendments in Pension Rules” at the Karachi University Business School Auditorium on Tuesday.
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SBP clarifies current account and trade data accuracy
Karachi, October 6, 2025 – The State Bank of Pakistan (SBP) has issued an official clarification regarding recent reports suggesting revisions in the country’s trade statistics and current account balance.
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RTO-II Karachi collects Rs17.32b from Sindh employees
Karachi, October 6, 2025 – The Federal Board of Revenue (FBR) has reported a strong performance in tax collection from salaried individuals, gathering Rs17.32 billion in income tax from employees of the Government of Sindh working in Karachi during the fiscal year 2024–25, according to data obtained by Pakistan Revenue.
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KSE-100 index plunges nearly 3,000 points in intraday trading
Karachi, October 6, 2025 – The KSE-100 index of the Pakistan Stock Exchange (PSX) witnessed a sharp decline on Monday, plunging by almost 3,000 points during intraday trading as investors engaged in heavy profit-taking across multiple sectors.
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