The Federal Board of Revenue (FBR) has deliberately slowed down the disbursement of tax refunds as part of its strategy to enhance revenue collection for the fiscal year 2024-25.
(more…)Author: Shahnawaz Akhter
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Sales Tax Collection on Imports Sees 30% Surge in February 2025
Karachi, March 23, 2025 – The collection of sales tax on imports witnessed a significant 30% surge in February 2025, offering a much-needed boost to the Federal Board of Revenue (FBR) in its revenue collection efforts.
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IHC Transfers Super Tax Cases to Supreme Court of Pakistan
Islamabad, March 22, 2025 – A division bench of the Islamabad High Court (IHC) has directed the transfer of all pending cases challenging the super tax under Sections 4B and 4C of the Income Tax Ordinance, 2001, to the Supreme Court of Pakistan.
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MTO Karachi Seals Furniture Outlets for POS Violation
Karachi, March 22, 2025 – The Medium Taxpayers Office (MTO) Karachi has taken decisive action against a well-known furniture retailer for failing to comply with mandatory Point of Sale (POS) integration requirements.
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PSX Bullish Run Expected Amid IMF Negotiations
Karachi, March 22, 2025 – Analysts at Arif Habib Limited anticipate that the Pakistan Stock Exchange (PSX) will continue its bullish trend in the upcoming week starting March 24, 2025.
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Customs Thwarts Smuggling of Tramadol Worth Rs 2.8 Billion
Karachi, March 22, 2025 – The Collectorate of Customs Enforcement successfully intercepted a major smuggling attempt involving 5.6 million Tramadol tablets, valued at approximately Rs 2.8 billion.
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LTO Karachi Achieves Historic Rs 2 Trillion Milestone in 8MFY25
Karachi, March 21, 2025 – The Large Taxpayers Office (LTO) Karachi has achieved a significant milestone by surpassing the Rs 2 trillion mark in tax collection within the first eight months (July–February) of the fiscal year 2024-25.
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FBR Secures Rs 11.48 Billion Windfall Tax from Punjab Banks
Islamabad, March 21, 2025 – The Federal Board of Revenue (FBR) has successfully collected Rs 11.48 billion in windfall tax from banks operating in Punjab, following the Lahore High Court’s (LHC) decision to lift a stay order that had previously delayed tax recovery.
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Profit-Taking Halts Record-Breaking Rally at PSX
Karachi, March 21, 2025 – After a series of record-breaking sessions, investors at the Pakistan Stock Exchange (PSX) opted for profit-taking on Friday, bringing a temporary halt to the market’s bullish momentum. Following an extended rally, market participants decided to book gains, resulting in a slight downturn.
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Pakistan Sets Customs Valuation for Sunflower Seeds Imports
Islamabad, March 20, 2025 – The Directorate General of Customs Valuation, Pakistan, has issued a new ruling No. 1982/2025 to determine the customs value of sunflower seeds under Section 25A of the Customs Act, 1969.
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