The federal government has triggered serious concerns across the business and legal communities by granting sweeping, extraordinary powers to the Federal Board of Revenue (FBR) through the Tax Laws Amendment Ordinance, 2025—bypassing parliamentary debate just weeks ahead of the federal budget.
(more…)Author: Shahnawaz Akhter
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Tea importers urge review of minimum retail price policy
Karachi, May 4, 2025 – Tea importers have urged the government and tax authorities to urgently review the current minimum retail price (MRP) mechanism applied to tea, warning that the existing framework is distorting the market, undermining legal trade, and facilitating widespread tax evasion.
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FBR begins swift tax recovery from bank accounts under new law
Islamabad, May 4, 2025 – The Federal Board of Revenue (FBR) has officially begun immediate recovery of outstanding taxes directly from taxpayers’ bank accounts, following the promulgation of the Tax Laws (Amendment) Ordinance, 2025.
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RTO – I Karachi sets up WhatsApp helpline to fight corruption
Karachi, May 3, 2025 — The Regional Tax Office (RTO)-I Karachi has taken a new step to fight corruption by launching a dedicated WhatsApp number for public complaints against tax officers and staff.
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KTBA urges removal of 30% tax payment condition for court stay
Karachi, May 3, 2025 — The Karachi Tax Bar Association (KTBA) has called on the government to abolish the mandatory payment condition that requires taxpayers to deposit 30% of the disputed tax amount before obtaining a stay order from the High Court.
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How much gold jewellery can you take out of Pakistan?
When it comes to carrying gold jewellery out of Pakistan, the rules are quite specific and tightly regulated by the State Bank of Pakistan (SBP).
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PSX proposes 50% tax credit in FY26 budget to boost SME listings
Karachi, May 3, 2025 – The Pakistan Stock Exchange (PSX) has put forward a key proposal to promote the listing of Small and Medium Enterprises (SMEs) on its platform by offering major tax incentives.
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Non-filers lose access to property market in Pakistan
Islamabad, May 3, 2025 – In a major crackdown on tax evasion, the federal government is preparing to enforce a complete ban on property transactions by non-filers of income tax returns.
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KTBA pushes CNIC enforcement across entire supply chain
Karachi, May 2, 2025 – The Karachi Tax Bar Association (KTBA) has recommended that the Federal Board of Revenue (FBR) should make it mandatory for all unregistered individuals involved in the supply chain to provide their Computerized National Identity Card (CNIC) or National Tax Number (NTN).
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KSE-100 Index surges 2,787 points amid renewed confidence
Karachi, May 2, 2025 — The Pakistan Stock Exchange (PSX) witnessed a sharp recovery on Friday as the KSE-100 index rebounded by 2,787 points, fueled by renewed investor optimism and improving regional sentiment.
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