Pakistan Revenue
Karachi, April 21, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has strongly urged the Federal Board of Revenue (FBR) to abolish the Minimum Withholding Tax (WHT) on raw material imports by commercial importers in the upcoming federal budget for 2025-26.
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Karachi, April 21, 2025 – The Institute of Cost and Management Accountants of Pakistan (ICMAP) has proposed a major overhaul in the country’s General Sales Tax (GST) framework, calling for the introduction of a flat GST policy specifically tailored for mid-tier businesses.
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Karachi, April 21, 2025 – Philip Morris (Pakistan) Limited has issued a formal response to the Pakistan Stock Exchange (PSX), denying any unusual or unexplained movement in the trading price or volume of its shares. The clarification came after PSX issued a notice regarding significant fluctuations observed in the company’s stock over recent sessions.
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Karachi, April 20, 2025 – In a major move to stimulate the country’s export sector, the Federal Board of Revenue (FBR) has granted a massive exemption of Rs 127 billion in customs duty under various export facilitation schemes. According to the FBR’s latest Tax Expenditure Report 2024, the exemptions were primarily extended to support a […]
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Karachi, April 20, 2025 — The Karachi Chamber of Commerce and Industry (KCCI) has strongly recommended the government to revive the Final Tax Regime (FTR) for the export sector in its budget proposals for the fiscal year 2025–26.
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Karachi, April 20, 2025 – A new report from the Federal Tax Ombudsman (FTO) has highlighted that employees working on a daily wages basis are subject to income tax deductions under Section 149 of the Income Tax Ordinance, 2001.
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Karachi, April 20, 2025 – The Institute of Cost and Management Accountants of Pakistan (ICMAP) has proposed significant fiscal measures for the upcoming federal budget 2025-26, calling on the government to revise and expand the application of the Federal Excise Duty (FED) to untapped and undertaxed sectors of the economy.
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Karachi – April 20, 2025: Pakistan has witnessed a substantial 108% surge in profit and dividend repatriation during the first nine months (July–March) of the fiscal year 2024–25. According to the latest figures released by the State Bank of Pakistan (SBP), foreign investors and multinational companies sent home a total of $1.719 billion during this […]
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Islamabad, April 19, 2025 – The Federal Tax Ombudsman (FTO) has taken a significant step toward ensuring transparency and fairness in Pakistan’s taxation system by releasing the first-ever Manual of Taxpayers Rights.
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Karachi, April 19, 2025 – A nationwide strike by goods transporters has severely disrupted Pakistan’s export sector, bringing the movement of key commodities—especially rice—to a grinding halt. The five-day strike has caused an estimated $20 million loss in rice exports alone, sparking alarm among exporters and industry leaders.
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