Author: Shahnawaz Akhter
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Pakistan sees surge in imports from India in FY25
Karachi, July 24, 2025 – Pakistan has recorded increase in imports from India during fiscal year 2024-25, official data revealed.
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Pakistan’s Tax Puzzle: Why More Filers Aren’t Filling the Coffers
Islamabad – July 23, 2025 — Pakistan’s aggressive push to expand its tax base may be costing more than it’s collecting, warns a hard-hitting new report by the Asian Development Bank (ADB). The findings paint a troubling picture of misplaced priorities, mounting administrative burdens, and a tax system in dire need of simplification and reform.
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Legal questions raised on 2025 tax return filing without SRO
Karachi, July 23, 2025 – A ticking legal time bomb may be brewing at the Federal Board of Revenue (FBR) as experts raise alarm over the ongoing return filing process for the Tax Year 2025—initiated without a finalized SRO (Statutory Regulatory Order).
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FBR Shocks Taxpayers with AI-Driven Tax Notices
Karachi, July 23, 2025 – In a dramatic move that has rattled the already tense business environment, the Federal Board of Revenue (FBR) has fired off a barrage of Artificial Intelligence (AI)-generated notices targeting sales tax return anomalies spanning the last five years. This sudden strike by the FBR has left taxpayers—especially exporters and manufacturers—reeling…
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Principal appraiser penalized for shocking inefficiency
Islamabad, July 23, 2025 – In a dramatic turn of events, the Federal Board of Revenue (FBR) has dropped the hammer on a principal appraiser involved in a serious case of negligence that cost the exchequer dearly.
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FBR tightens grip on sales tax evaders with new restrictions
Karachi, July 23, 2025 – If you’re a business engaged in taxable supplies and still haven’t registered for sales tax, it’s time to take notice! The Finance Act, 2025 has introduced tough new restrictions through three powerful sections—14AC, 14AD, and 14AE—under the Sales Tax Act, 1990. These sweeping changes aim to crack down on unregistered…
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Pakistan’s rice export suffers 15% decline in FY25
Karachi, July 23, 2025 – Pakistan’s rice export sector has taken a major hit during fiscal year 2024-25 (FY25), witnessing a sharp 15% decline in overall export value.
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SBP to release bi-annual monetary policy report
Karachi, July 22, 2025 – In a move to promote greater transparency and long-term planning, the State Bank of Pakistan (SBP) has announced its decision to release a Monetary Policy Report (MPR) on a bi-annual basis, aligned with the central bank’s Strategic Plan – Vision 2028.
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KSE-100 index hits all-time high as bulls dominate market
Karachi, July 22, 2025 – The KSE-100 index of the Pakistan Stock Exchange (PSX) surged to a historic high on Tuesday as the bulls made a powerful comeback, signaling renewed investor confidence and a strong momentum in equities.
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FBR opens tax year 2025 filing amid glitches: Ali A. Rahim
Karachi, July 22, 2025 – The Federal Board of Revenue (FBR) has officially launched the income tax return filing portal for Tax Year 2025 — but not without complications. According to Ali A. Rahim, President of the Karachi Tax Bar Association (KTBA), taxpayers are encountering a wave of technical issues that are hampering the filing…
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