Pakistan Revenue
Islamabad, June 7, 2025 – The Federal Excise Duty (FED) imposed on the transaction of immovable properties is likely to be abolished in the upcoming federal budget for 2025-26, expected to be presented on June 10.
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Islamabad, June 7, 2025 – The Federal Board of Revenue (FBR) has imposed the penalty of censure on a customs appraising officer after an inquiry found him guilty of inefficiency during an official examination process.
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KARACHI – June 6, 2025: In a historic and electrifying milestone, the Large Taxpayers Office (LTO) Karachi is poised to smash through the Rs3 trillion barrier in revenue collection for the very first time in Pakistan’s tax history.
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Karachi, June 6, 2025 – The Pakistan Stock Exchange (PSX) concluded the pre-Eid trading week on a high note, with the benchmark KSE-100 index registering a notable 1.63% weekly gain ahead of the federal budget for 2025–26, scheduled to be presented on June 10.
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Karachi, June 6, 2025 – The Karachi Tax Bar Association (KTBA) has called on the federal government to lower Pakistan’s corporate tax rate, highlighting that it is currently the highest in Asia.
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In a move that has sent shockwaves across the country’s power sector, the National Electric Power Regulatory Authority (NEPRA) has granted K-Electric a jaw-dropping Rs50 billion write-off—a concession so colossal that only K-Electric could pull it off in Pakistan.
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ISLAMABAD, June 6, 2025 – The Federal Board of Revenue (FBR) is actively exploring the imposition of General Sales Tax (GST) on cross-border online sales as part of the upcoming budget for 2025–26.
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Karachi, June 5, 2025 – Pakistan’s total foreign exchange (forex) reserves declined modestly to $16.598 billion for the week ending May 30, 2025, according to the latest data released by the State Bank of Pakistan (SBP) on Thursday.
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Karachi, June 5, 2025 – With the Federal Budget 2025–26 set to be unveiled on June 10, the Institute of Cost and Management Accountants of Pakistan (ICMAP) has reiterated its detailed tax policy proposals submitted earlier to the Federal Board of Revenue (FBR).
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Islamabad, June 5, 2025 – The Federal Board of Revenue (FBR) has issued strict directives rejecting all leave applications submitted by officials of the Inland Revenue Service (IRS), as the government prepares to present the federal budget for the fiscal year 2025-26.
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