Karachi, March 16, 2025 – Ahmed Chinoy H.I, S.I, Chairman of the Pakistan Cloth Merchants Association (PCMA), has strongly condemned the recent announcement regarding proposed cuts in net metering rates for solar electricity in Pakistan.
(more…)Author: Shahnawaz Akhter
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FBR Deploys High-Tech Monitoring for Production Compliance
Islamabad, March 15, 2025 – The Federal Board of Revenue (FBR) has introduced stringent measures to enhance the monitoring of industrial production through advanced electronic surveillance. The latest amendments aim to bolster tax compliance and improve transparency in manufacturing activities across Pakistan.
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PSX Expected to Gain Momentum Next Week Amid IMF Optimism
Karachi, March 15, 2025 – The Pakistan Stock Exchange (PSX) is projected to witness significant gains in the upcoming week, fueled by renewed investor confidence following a positive statement from the International Monetary Fund (IMF).
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SITE Association Urges FBR to Extend Sales Tax Filing Deadline
Karachi, March 15, 2025 – The SITE Association of Industry has called on the Federal Board of Revenue (FBR) to extend the deadline for filing monthly sales tax returns, citing severe technical challenges faced by taxpayers using the FBR’s online IRIS system.
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Taxpayers in Pakistan Bear Burden of Rising Sugar Prices
Karachi, March 14, 2025 – Taxpayers in Pakistan continue to struggle with surging sugar prices, as they are now forced to buy the commodity at an exorbitant Rs 172 per kilogram.
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KTBA Flags Glitches and Anomalies in IRIS Portal
Karachi, March 14, 2025 – The Karachi Tax Bar Association (KTBA) has raised concerns over persistent glitches and anomalies affecting the Federal Board of Revenue’s (FBR) IRIS portal.
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PKR to USD: Rupee Weakens to 280.22 Amid Declining Reserves
Karachi, March 14, 2025 – The Pakistani rupee weakened further on Friday, depreciating by 17 paisas against the US dollar, as the country’s foreign exchange reserves continued to decline.
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Will Pakistan Achieve Its FY25 Tax Collection Target?
The Federal Board of Revenue (FBR) is facing a significant shortfall in meeting its tax collection target for the fiscal year 2024-25.
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FBR Sets Guidelines for Admin Pool Officer Posting
Islamabad, March 13, 2025 – The Federal Board of Revenue (FBR) has officially laid out the criteria for placing officers in the Admin Pool, ensuring a structured approach to such assignments.
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RTO-I Karachi Arrests Mastermind in Rs 4.2 Billion Sales Tax Fraud
Karachi, March 13, 2025 – The Regional Tax Office (RTO-I) Karachi has achieved a major breakthrough by arresting the mastermind behind a Rs 4.2 billion sales tax fraud.
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