Karachi, November 29, 2025 – The Karachi Tax Bar Association (KTBA) has called on the Federal Board of Revenue (FBR) to enable taxpayers to revise their wealth statements on the online IRIS portal, highlighting a critical procedural gap affecting compliance.
(more…)Author: Shahnawaz Akhter
-
KCCI hails FBR for amending transshipment rules to boost trade efficiency
Karachi, November 29, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) on Saturday welcomed the Federal Board of Revenue (FBR) for implementing a key operational improvement in transshipment procedures at Azakhel Dry Port.
(more…) -
FBR Warns: Penalties for Property Transactions Without Banking Channels in 2026
Islamabad, November 28, 2025 – If you are planning to buy property with cash payment or outside banking channels, the Federal Board of Revenue (FBR) has issued strict tax rules and penalties to ensure compliance. For the tax year 2026, property transactions conducted without proper banking or digital channels will remain illegal and subject to heavy fines.
(more…) -
FBR clarifies fair market value rules for tax year 2026
Karachi, November 27, 2025 – The Federal Board of Revenue (FBR) has provided a detailed explanation of fair market value for transactions conducted during tax year 2026 (July 1, 2025, to June 30, 2026).
(more…) -
PM Shehbaz orders two-year increment freeze for BS-20 IRS officer over Inefficiency
Islamabad, November 27, 2025 – Prime Minister Shehbaz Sharif has approved a disciplinary penalty against a senior BS-20 Inland Revenue Service (IRS) officer after charges of inefficiency were proven during an official inquiry. The Prime Minister ordered that the officer’s annual increment be withheld for two years.
(more…) -
FBR declares Saturday, November 29 as a normal working day to boost revenue
Islamabad, November 26, 2025 – The Federal Board of Revenue (FBR) has announced that Saturday, November 29, 2025, will be treated as a normal working day across all Inland Revenue field formations, despite it being a weekly holiday.
(more…) -
Govt unveils updated fee schedule for Pakistan Single Window services
Islamabad, November 26, 2025 – The federal government has announced a revised fee schedule for services offered under the Pakistan Single Window (PSW) system, aiming to improve transparency and streamline digital trade facilitation.
(more…) -
FBR lowers customs values of nylon yarn amid global price decline
Karachi, November 26, 2025 – The Federal Board of Revenue (FBR) has officially lowered the customs values for nylon yarn imports, reflecting falling international market prices. The move comes as part of the FBR’s ongoing efforts to ensure fair and up-to-date valuation of imported goods.
(more…) -
Why Invest in Pakistan? The Big Attraction of Tax Credit Incentives
Islamabad, November 26, 2025 – Thinking about investing in Pakistan’s industrial sector? There’s a powerful reason many companies find it appealing: generous tax credits that significantly reduce the cost of expansion and modernization.
(more…) -
Did You Know How Much Tax Credit Pakistan Offers for Employment Generation?
Islamabad, November 26, 2025 – Pakistan continues to offer an important tax incentive aimed at boosting industrial activity and creating jobs across the country.
(more…)