Islamabad, December 4, 2025 – The Inland Revenue Service Officers Association (IRSOA) has warmly welcomed the Federal Board of Revenue’s (FBR) decision to elevate senior Inland Revenue officer Zubair Bilal to the position of Member IR Operations.
(more…)Author: Shahnawaz Akhter
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Sindh government releases schedule for Budget 2026-27 presentation
Karachi, December 3, 2025 – The Sindh government has announced the official schedule for presenting the provincial budget for the fiscal year 2026-27, outlining key deadlines for departments and ministries ahead of the budget session.
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PSX Directs K-Electric to Submit Financial Statements and Hold AGMs
Karachi, December 3, 2025 – The Pakistan Stock Exchange (PSX) has issued a formal directive to K-Electric Limited, the leading power utility in the country, instructing the company to transmit its annual financial statements and hold Annual General Meetings (AGMs) for the years ended June 30, 2024, and June 30, 2025.
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FBR Outsources Media and Public Relations Affairs
Islamabad, December 3, 2025 – The Federal Board of Revenue (FBR) has launched a process to outsource its media management and public relations functions as part of its ongoing efforts to strengthen communication and public engagement. The initiative aims to enhance the agency’s visibility and highlight key reforms under the FBR Transformation Plan.
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President Appoints Zafar Hijazi as New Federal Tax Ombudsman
Islamabad, December 3, 2025 – President Asif Ali Zardari has appointed Zafarul Haq Hijazi as the new Federal Tax Ombudsman (FTO) for a four-year term, bringing an experienced financial regulator back into a key national oversight role.
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FBR Appoints Zubair Bilal as New Member Inland Revenue Operations
Islamabad, December 3, 2025 – The Federal Board of Revenue (FBR) has announced a major administrative reshuffle, appointing senior Inland Revenue Service (IRS) officer Zubair Bilal (BS-21) as Member Inland Revenue (IR) Operations with immediate effect.
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SBP stops collection of export development surcharge with immediate effect
Karachi, December 2, 2025 – The State Bank of Pakistan (SBP) has officially halted the collection of the Export Development Surcharge (EDS), providing significant relief to the export sector.
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REAP flags deepening rice export crisis during visit to KCCI
Karachi, December 2, 2025 – The Rice Exporters Association of Pakistan (REAP) has raised serious concerns over shrinking rice exports and mounting industry challenges during a meeting with the Karachi Chamber of Commerce and Industry (KCCI).
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PCDMA criticizes K-Electric over extended power outages in Jodia Bazar
Karachi, December 2, 2025 – The Pakistan Chemicals & Dyes Merchants Association (PCDMA) has strongly condemned K-Electric for prolonged and repeated power outages in Jodia Bazar, Karachi’s largest wholesale market and a crucial hub of the country’s commercial activities.
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FBR notifies fresh customs values for polyester yarn imports
Islamabad, December 2, 2025 – The Federal Board of Revenue (FBR) has issued fresh customs values for polyester partially oriented yarn to determine duty and taxes at the import stage. The move comes under Valuation Ruling No. 2026/2025, issued by the Directorate General of Customs Valuations, a wing of the FBR.
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