ISLAMABAD, August 26, 2025 – The Federal Board of Revenue (FBR) has officially released the tax framework for property income in the upcoming tax year 2025–26, as part of the updated Income Tax Ordinance, 2001, which incorporates amendments introduced through the Finance Act, 2025.
(more…)Author: Shahnawaz Akhter
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SCBPL reports 23% decline in net profit for 1HCY25
KARACHI, August 26, 2025 – Standard Chartered Bank (Pakistan) Limited (SCBPL) has announced its financial performance for the first half of calendar year 2025, reporting a 23% decline in net profit compared to the same period last year. The results reflect a challenging operating environment and volatility in the banking sector.
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NCCPL issues schedule for submission of liquid capital statements
KARACHI, August 26, 2025 – The National Clearing Company of Pakistan Limited (NCCPL) has released a comprehensive schedule outlining the mandatory submission process for liquid capital (LC) statements by securities brokers and professional clearing members.
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SBP opens applications for first cohort of regulatory sandbox
Karachi, August 26, 2025 – The State Bank of Pakistan (SBP) has officially invited applications for its first cohort of the Regulatory Sandbox, a key initiative designed to promote innovation in the country’s financial ecosystem.
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FBR issues tax rates on prizes and winnings for FY 2025-26
Islamabad, August 25, 2025 – The Federal Board of Revenue (FBR) has announced updated withholding tax rates on prizes and winnings for the fiscal year 2025-26.
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FBR issues withholding tax rates for exports for tax year 2025-26
Islamabad, August 25, 2025 – The Federal Board of Revenue (FBR) has released updated withholding tax rates applicable to exports for the tax year 2025-26, following recent amendments to the Income Tax Ordinance, 2001 through the Finance Act, 2025.
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ICMAP Suggests Defence Index for Market Resilience
Karachi, August 25, 2025 – The Institute of Cost and Management Accountants of Pakistan (ICMAP) has proposed the establishment of a Defence Sector Index at the Pakistan Stock Exchange (PSX) to safeguard the market during periods of conflict and national emergency.
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What happens if sales tax is collected in excess?
Islamabad, August 25, 2025 – The Federal Board of Revenue (FBR) has clarified the legal framework for handling excess sales tax collections under Section 3B of the Sales Tax Act, 1990.
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FBR announces updated sales tax rates for 2025-26
Islamabad, August 25, 2025 – The Federal Board of Revenue (FBR) has officially notified the revised sales tax framework for the fiscal year 2025-26 through amendments to the Sales Tax Act, 1990.
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Exemption granted to employee share schemes in tax year 2025-26
The Federal Board of Revenue (FBR) has announced a significant tax relief for employees by granting exemptions to employee share schemes under the updated Income Tax Ordinance, 2001 for the tax year 2025-26.
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