Islamabad, September 24, 2025 – The Federal Board of Revenue (FBR) has officially extended the deadlines for the implementation of electronic invoice issuance, granting additional time to businesses and taxpayers to integrate with the online FBR portal.
(more…)Author: Shahnawaz Akhter
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Karachi Tax Bar demands extra time for 2025 returns
Karachi, September 24, 2025 – The Karachi Tax Bar Association (KTBA) on Wednesday formally requested the Federal Board of Revenue (FBR) to extend the deadline for filing income tax returns for Tax Year 2025, citing serious technical and logistical challenges that are preventing taxpayers from meeting the statutory due date.
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Glitches Galore: KTBA Flags IRIS Filing Nightmares
Karachi, September 23, 2025 – The Karachi Tax Bar Association (KTBA) has formally raised concerns over the Federal Board of Revenue’s (FBR) online tax portal, IRIS, stating that the system is not fully prepared for smooth income tax return filing for Tax Year 2025.
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K-Electric reports Rs4.13bn profit in FY24 turnaround
Karachi, September 23, 2025 – K-Electric has reported a remarkable turnaround, announcing a net profit of Rs4.13 billion for fiscal year 2023-24, compared to a loss of Rs39.39 billion in the previous year.
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K-Electric moves to decommission gas-based power plants
Karachi, September 23, 2025 – The Board of Directors of K-Electric has officially decided to decommission two of its older gas-based power plants, the Korangi Town Gas Turbine Power Station (KTGTPS) and the SITE Gas Turbine Power Station (SGTPS).
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KCCI requests tax return deadline shift to October 31
Karachi, September 23, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has strongly appealed to the Federal Board of Revenue (FBR) to extend the return filing deadline for Tax Year 2025.
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IRIS generates computation errors as filing deadline looms
Lahore, September 23, 2025 – The Lahore Tax Bar Association (LTBA) has raised concerns over serious computation errors detected in IRIS, the Federal Board of Revenue’s (FBR) online return filing portal, just days ahead of the September 30 filing deadline for tax year 2025.
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FBR reminds taxpayers of September 30 filing deadline
Islamabad, September 23, 2025 – The Federal Board of Revenue (FBR) has once again reminded taxpayers that September 30 remains the official filing deadline for annual income tax returns for the tax year 2025.
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FBR plans record rewards for whistleblowers on tax dodgers
Islamabad, September 22, 2025 – In a dramatic move to unearth the mountain of undeclared wealth hidden in Pakistan’s shadow economy, the Federal Board of Revenue (FBR) is preparing a mega increase in rewards for whistleblowers, transforming them into a new front-line force in the battle against tax evasion.
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FBR crosses 8 million mark of active taxpayers
Islamabad, September 22, 2025 – The Federal Board of Revenue (FBR) has achieved a major milestone by crossing the figure of 8 million active taxpayers.
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