KARACHI, May 25, 2025 — In a bold and sweeping move, the Federal Board of Revenue (FBR) has turned up the heat on Karachi’s taxpayers, launching one of the most aggressive audit campaigns in recent memory.
(more…)Author: Shahnawaz Akhter
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Banks request budget fix for bad debts tax treatment
Banks in Pakistan have called upon the government to restore the original tax treatment on bad debts as part of their proposals for the upcoming budget 2025–26.
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Pharmaceutical industry submits tax proposals for Budget 2025–26
The pharmaceutical industry of Pakistan has officially submitted its tax proposals for the upcoming budget 2025–26, urging the government to address long-standing tax-related challenges that have adversely impacted the sector’s sustainability and affordability of medicine.
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IMF wraps up Pakistan visit, focuses on FY26 budget and reforms
ISLAMABAD, May 24, 2025 — The International Monetary Fund (IMF) has concluded a critical staff visit to Pakistan, centered around the formulation of the upcoming FY2026 budget and evaluation of ongoing economic reforms.
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April import tax collection from big firms surges 22%: FBR
Karachi, May 24, 2025 — In a stunning display of economic momentum, the Federal Board of Revenue (FBR) has revealed a sensational 22% spike in import tax collection from Pakistan’s major corporate giants for April 2025. This meteoric rise signals a dramatic turnaround in fiscal performance, highlighting a renewed surge in industrial appetite and economic activity.
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KTBA slams FBR over sales tax filing nightmare
Karachi, May 24, 2025 — The Karachi Tax Bar Association (KTBA) has sounded the alarm over the Federal Board of Revenue’s (FBR) sweeping changes to sales tax return filing, warning that the system overhaul under SRO 578 has pushed the entire business community into chaos.
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FBR faces pressure to extend sales tax filing deadline
Karachi, May 24, 2025 – A storm of discontent is brewing across Pakistan’s business and tax circles, as the Federal Board of Revenue (FBR) faces intensifying pressure to extend the deadline for sales tax return filing yet again.
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Lackluster trading at PSX amid FY26 budget uncertainty
Karachi, May 24, 2025 – The Pakistan Stock Exchange (PSX) witnessed subdued trading activity during the week ending May 23, 2025, as investor sentiment remained cautious due to growing uncertainty surrounding the upcoming fiscal year 2025-26 budget announcement, scheduled for June 10.
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Govt delays FY26 budget to June 10 amid Eid-ul-Adha festivities
Islamabad, May 23, 2025 – In a dramatic twist to Pakistan’s economic calendar, the eagerly awaited budget 2025–26 has been delayed by an entire week, now slated for unveiling on June 10, 2025.
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CGT payment deadline for April 2025 share disposals set for June 2
Karachi, May 23, 2025 – The National Clearing Company of Pakistan Limited (NCCPL) has officially announced that the capital gain tax (CGT) payment for the month of April 2025 will be due on Monday, June 2, 2025.
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