Pakistan Revenue
Islamabad, July 17, 2025 – Prime Minister Muhammad Shehbaz Sharif has constituted a high-powered committee to resolve concerns related to the Finance Act, 2025 ahead of scheduled strike on July 19, 2025.
Continue Reading
Karachi, July 17, 2025 – In a historic trading session on Thursday, the KSE-100 index of the Pakistan Stock Exchange (PSX) soared to a record-breaking 138,665 points, marking a powerful comeback for equity markets.
Continue Reading
Karachi, July 17, 2025 – The Sindh government has made it mandatory for individuals and entities providing or rendering renting of immovable property services to issue tax invoices.
Continue Reading
Karachi, July 16, 2025 – The Sindh Revenue Board (SRB) has announced an expansion in the scope of services subject to quarterly return filing under the Sindh Sales Tax regime.
Continue Reading
Lahore, July 16, 2025 — The Lahore Tax Bar Association (LTBA) has officially called upon the Federal Board of Revenue (FBR) to extend the filing deadline for monthly sales tax returns, citing widespread login and technical disruptions on the IRIS portal.
Continue Reading
Karachi, July 16, 2025 – The Institute of Cost and Management Accountants of Pakistan (ICMAP) has put forth a comprehensive proposal to the government, urging a significant increase in the climate support levy to Rs10 per liter over the next five years.
Continue Reading
Islamabad, July 16, 2025 – The federal government has officially introduced a Voluntary Separation Scheme (VSS) for the employees of Utility Stores Corporation (USC) ahead of the entity’s scheduled shutdown on July 31, 2025.
Continue Reading
Karachi, July 16, 2025 – The Karachi Tax Bar Association (KTBA) has drawn urgent attention to persistent operational difficulties being faced by taxpayers and consultants in accessing the Federal Board of Revenue’s (FBR) IRIS portal, particularly related to login authentication.
Continue Reading
Karachi, July 16, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has reaffirmed its unwavering commitment to the nationwide shutter-down strike scheduled for Saturday, July 19, 2025.
Continue Reading
Section 37A of the Sales Tax Act, 1990 introduces robust mechanisms to tackle tax fraud through structured inquiries, investigations, and—when warranted—arrests. While some critics have expressed concern over the powers granted under this provision, a deeper analysis reveals that Section 37A is designed to act as a powerful deterrent against tax fraud rather than a […]
Continue Reading