Pakistan Revenue
Karachi, April 26, 2025 – The Pakistan Stock Exchange (PSX) has proposed a flat Capital Gains Tax (CGT) rate of 5% on all derivative instruments in its budget recommendations for the fiscal year 2025-26. This includes cash-settled derivative contracts and all futures contracts traded on the PSX.
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Islamabad, April 25, 2025 – In a bid to facilitate taxpayers and ensure the achievement of tax collection targets, the Federal Board of Revenue (FBR) has announced that its offices will remain open on Saturdays until June 30, 2025.
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Islamabad, April 25, 2025 – In a continued effort to accommodate taxpayers facing procedural and technical hurdles, the Federal Board of Revenue (FBR) has announced a further extension for the filing of sales tax returns for the months of February and March 2025.
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KARACHI, April 25, 2025 – The Pakistan Chemicals & Dyes Merchants Association (PCDMA) has raised serious alarms over the growing complications surrounding the filing of sales tax returns, citing newly introduced formats and technical glitches as major hurdles for taxpayers.
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Karachi, April 25, 2025 – Habib Bank Limited (HBL) has announced its financial results for the first quarter of calendar year 2025, reporting impressive earnings that surpassed market and industry expectations.
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Karachi, April 25, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has strongly urged the Federal Board of Revenue (FBR) to reinstate the previously available tax credit under Section 65B of the Income Tax Ordinance, 2001, in a bid to encourage industrial investment and economic growth.
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Karachi, April 25, 2025 – The Federal Board of Revenue (FBR) has reported a notable 28% decrease in tax collection from cash withdrawals during the month of March 2025, highlighting a major shift in the behavior of banking customers.
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Karachi, April 25, 2025 – The Pakistan Stock Exchange (PSX) has strongly advocated for the digitization of all payment systems in its proposals for the upcoming federal budget 2025–26.
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Karachi, April 25, 2025 – The Banking Mohtasib Pakistan has ordered a major commercial bank to refund Rs1,295,000 to a customer after it allowed fraudulent transfers from his account through a mobile device that was not verified using biometric authentication, violating key security protocols.
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Karachi, April 25, 2025 – Pakistan’s banking sector has recorded a historic milestone as total bank deposits surged to an unprecedented Rs31.63 trillion by the end of March 2025, according to the latest data released by the State Bank of Pakistan (SBP) on Thursday.
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