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Author: Shahnawaz Akhter

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SBP directs exporters to submit revised declarations

June 16, 2025June 16, 2025Shahnawaz Akhter

Karachi, June 16, 2025 – In a move aimed at enhancing transparency and strengthening regulatory oversight, the State Bank of Pakistan (SBP) has issued new instructions requiring all exporters to submit updated declarations through the Pakistan Single Window (PSW) system.

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SBP maintains policy rate at 11% amid geopolitical conflict

June 16, 2025June 16, 2025Shahnawaz Akhter

Karachi, June 16, 2025 – The State Bank of Pakistan (SBP) has decided to maintain the policy rate unchanged at 11%, reflecting a cautious but steady approach toward monetary management amid rising geopolitical tensions. In its meeting on Monday, the SBP’s Monetary Policy Committee (MPC) concluded that the current policy rate remains appropriate to support […]

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FBR exposes influential figures involved in tax fraud

June 16, 2025June 16, 2025Shahnawaz Akhter

Islamabad, June 16, 2025 – The Federal Board of Revenue (FBR) has revealed that several influential individuals, including a former senator and ex-customs official, were involved in high-value tax fraud, prompting renewed debate over the FBR’s proposed arrest powers in the Finance Bill, 2025.

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Tax Return Filing

STBA condemns FM remarks on tax filing without legal assistance

June 15, 2025June 15, 2025Shahnawaz Akhter

Sargodha, June 15, 2025 – The Sargodha Tax Bar Association (STBA) has strongly condemned the recent remarks made by Finance Minister Muhammad Aurangzeb during his budget speech, in which he suggested that taxpayers would no longer need the services of lawyers or tax practitioners to file their returns.

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rupee vs dollar

Rupee expected to weaken further against dollar this week

June 15, 2025June 15, 2025Shahnawaz Akhter

Karachi, June 15, 2025 — The Pakistani rupee is expected to come under further pressure against the US dollar in the coming weeks, primarily due to rising foreign exchange demand from importers and corporates amid elevated geopolitical risks and energy prices.

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FBR Building

Langrial defends FBR’s arrest powers in tax fraud crackdown

June 15, 2025June 15, 2025Shahnawaz Akhter

ISLAMABAD, June 15, 2025 — In a heated debate over the Finance Bill, 2025, Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial came out strongly in defense of the proposed amendments granting FBR sweeping powers to arrest individuals involved in tax fraud.

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imported cars

Finance Bill 2025: tempered vehicles to be declared as smuggled

June 15, 2025June 15, 2025Shahnawaz Akhter

ISLAMABAD, June 15, 2025 — In a bold crackdown on illicit auto trade, the Federal Board of Revenue (FBR) has introduced a major reform in the Finance Bill, 2025, declaring that all tempered vehicles—regardless of their registration status—will now be treated as smuggled vehicles.

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FBR Honda Cars

FBR distributes Honda Cars amid firestorm of controversy

June 15, 2025June 15, 2025Shahnawaz Akhter

KARACHI, June 15, 2025 — In a sensational move that’s ignited a storm of public outrage, the Federal Board of Revenue (FBR) has officially begun the distribution of Honda City 1.2L cars to its officers, despite widespread criticism and serious allegations swirling around the procurement process.

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FBR empowered to deny or limit input tax adjustment

June 15, 2025June 15, 2025Shahnawaz Akhter

Karachi, June 15, 2025 – The Federal Board of Revenue (FBR) has been granted enhanced powers to deny or restrict input tax adjustment under the Finance Bill, 2025.

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FBR gets sweeping powers to access internet user data

June 14, 2025June 14, 2025Shahnawaz Akhter

Karachi, June 14, 2025 – In a move aimed at curbing sales tax fraud, the Federal Board of Revenue (FBR) has been granted extensive powers to access the personal data of internet users.

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