Pakistan Revenue
Karachi, July 1, 2025 – The Pakistan Chemical and Dyes Merchants Association (PCDMA) has raised serious concerns over the rampant misuse of the Export Facilitation Scheme (EFS), claiming that fraudulent practices under the scheme have inflicted a staggering Rs25 billion loss on the national exchequer.
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Karachi, July 1, 2025 – In a remarkable financial triumph, the Sindh Revenue Board (SRB) has shattered all previous records by achieving its highest-ever monthly tax collection, raking in a staggering Rs40.5 billion in June 2025.
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Islamabad, July 1, 2025 – In a significant fiscal measure aimed at strengthening domestic industries and regulating imports, the Federal Board of Revenue (FBR) has issued SRO 1151(I)/2025, dated June 30, 2025, to impose additional customs duty on a wide range of imported goods for the fiscal year 2025–26.
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Islamabad, July 1, 2025 – The Federal Board of Revenue (FBR) has officially notified the regulatory duty (RD) rates applicable for the fiscal year 2025–26, effective from July 1, 2025.
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Islamabad, July 1, 2025 – The National Assembly has officially passed the Finance Act 2025, incorporating key changes to the customs duty regime of Pakistan as proposed earlier through the Finance Bill 2025.
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Islamabad, July 1, 2025 – The National Assembly of Pakistan has formally passed the Finance Act 2025, incorporating several pivotal amendments to the Sales Tax Act, 1990, as proposed earlier in the Finance Bill 2025.
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The National Assembly has officially passed the Finance Act 2025, marking a pivotal shift in Pakistan’s income tax regime with wide-ranging amendments that will reshape fiscal compliance and broaden the tax base.
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Islamabad, July 1, 2025 – In a landmark achievement that signals a turning point in Pakistan’s fiscal journey, the Federal Board of Revenue (FBR) has finally shattered a decades-old barrier by securing a double-digit tax-to-GDP ratio for the fiscal year 2024-25 — a feat last witnessed generations ago.
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KARACHI, July 1, 2025 — In a groundbreaking fiscal triumph, the Large Taxpayers Office (LTO) Karachi has shattered all previous records by amassing an unprecedented Rs3.27 trillion in tax collection during the financial year 2024–25 — a feat that is being hailed as a watershed moment in Pakistan’s taxation history.
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Karachi, July 1, 2025 — The Federal Board of Revenue (FBR) has officially declared India and Israel ineligible to participate in its ongoing international procurement process for audit-related services, reaffirming compliance with Pakistan’s federal policy directives.
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