The Federal Board of Revenue (FBR) is facing a significant shortfall in meeting its tax collection target for the fiscal year 2024-25.
(more…)Author: Shahnawaz Akhter
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FBR Sets Guidelines for Admin Pool Officer Posting
Islamabad, March 13, 2025 – The Federal Board of Revenue (FBR) has officially laid out the criteria for placing officers in the Admin Pool, ensuring a structured approach to such assignments.
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RTO-I Karachi Arrests Mastermind in Rs 4.2 Billion Sales Tax Fraud
Karachi, March 13, 2025 – The Regional Tax Office (RTO-I) Karachi has achieved a major breakthrough by arresting the mastermind behind a Rs 4.2 billion sales tax fraud.
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SBP Reserves Decline $152M Amid External Debt Payments
Karachi, March 13, 2025 – The State Bank of Pakistan (SBP) has reported a decline in its official foreign exchange reserves, as external debt payments continued to weigh on the country’s financial position.
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Pakistan Reaches 6.51 Million Active Taxpayers for First Time
Islamabad, March 13, 2025 – Pakistan has reached a historic milestone by recording 6.51 million Active Taxpayers, the highest number in the country’s history.
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PKR to USD: Rupee Weakens to 280.05 Against Dollar
Karachi, March 13, 2025 – The Pakistani rupee weakened further against the dollar on Thursday, closing at PKR 280.05 in the interbank market due to increased foreign payments from importers and corporate entities.
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KSE-100 Surges 1,010 Points on Optimism Over IMF Talks
Karachi, March 13, 2025 – The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) witnessed a significant rally on Thursday, gaining 1,010 points amid optimism surrounding the smooth conclusion of the ongoing negotiations between the Pakistani authorities and the International Monetary Fund (IMF).
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EPCL Successfully Commissions Rs 5.8 Billion Green Initiative
Karachi, March 13, 2025 – Engro Polymer & Chemical Limited (EPCL) has officially announced the successful commissioning of its High-Temperature Direct Chlorination (HTDC) and heat recovery patented technology, aimed at enhancing operational efficiency and significantly reducing carbon footprints.
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FBR Reconstitutes Project Team for Tax Digitalization Initiative
Islamabad, March 12, 2025 – The Federal Board of Revenue (FBR) has announced the reconstitution of its project team tasked with overseeing the tax system digitalization project.
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OGDCL Revives Production at Rajian-11 Heavy Oil Well
Karachi, March 12, 2025 – Oil and Gas Development Company Limited (OGDCL) has successfully revived production at Rajian-11, a significant heavy oil well, by deploying an advanced Electrical Submersible Pump (ESP) system.
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