Islamabad, May 10, 2025 – Sindh has emerged as the top-performing province in Pakistan in terms of sales tax collection on services during the first nine months (July–March) of the current fiscal year 2024–25, showcasing a robust growth of 25%.
(more…)Author: Shahnawaz Akhter
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Petroleum levy yields Rs834 billion for government in 9MFY25
Islamabad, May 10, 2025 – The federal government has reported a substantial increase in revenue collected from the petroleum levy, reaching a total of Rs834 billion during the first nine months (July–March) of the current fiscal year, according to official data released by the Ministry of Finance.
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SAI urges withdrawal of Tax Laws (Amendment) Ordinance 2025
Karachi, May 10, 2025 — The SITE Association of Industry (SAI) has issued a strong appeal to Prime Minister Shehbaz Sharif, demanding the urgent withdrawal of the recently promulgated Tax Laws (Amendment) Ordinance 2025, warning that the new legislation poses a significant threat to both economic stability and constitutional norms.
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LHC fines FBR for wasting judicial resources in customs dispute
Lahore, May 10, 2025 – In a strongly worded judgment, the Lahore High Court (LHC) has imposed a fine of Rs 500,000 on the Federal Board of Revenue (FBR) and the concerned Customs station for failing to comply with a prior order, thereby wasting the judicial resources of the court.
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OICCI proposes new measures to track undeclared properties
Karachi, May 10, 2025 – The Overseas Investors Chamber of Commerce and Industry (OICCI) has put forward a comprehensive set of recommendations to the Federal Board of Revenue (FBR), aimed at identifying and documenting undeclared immovable properties across the country.
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Tax law ordinance ignites concern in finance committee
The National Assembly Standing Committee on Finance strongly criticized the government and the Federal Board of Revenue (FBR) on Friday for bypassing Parliament by enforcing the Tax Laws (Amendment) Ordinance, 2025.
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FBR reveals massive tax evasion in tobacco and poultry sectors
ISLAMABAD – Chairman Federal Board of Revenue (FBR), Rashid Mahmood Langrial, has revealed large-scale tax evasion in Pakistan’s tobacco and poultry sectors, amounting to nearly Rs400 billion annually.
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Expected tax rate cuts for salaried individuals in budget 2025-26
The upcoming federal budget for 2025-26 is expected to include significant relief measures for salaried individuals, with a key focus on easing the tax burden.
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Pakistan sees 21% monthly dip in April 2025 workers remittances
Karachi, May 9, 2025 – Pakistan experienced a significant 21% month-on-month (MoM) drop in workers’ remittances in April 2025, according to fresh data released by the State Bank of Pakistan (SBP) on Friday.
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OICCI advocates broadening tax base to achieve 15% tax-to-GDP
ISLAMABAD, May 9, 2025 — The Overseas Investors Chamber of Commerce and Industry (OICCI) has urged the government to prioritize broadening the tax base in the upcoming budget for FY2025-26, stating that this is essential to achieving a sustainable tax-to-GDP ratio of 15%.
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