FBR Extends Filing Deadline for Sales Tax Returns Till March 27
Karachi, March 24, 2025 – The Federal Board of Revenue (FBR) has officially extended the deadline for filing sales tax returns until March 27, 2025.
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Author: Shahnawaz Akhter
KSE-100 Index Plummets Over 2,000 Points Amid IMF Concerns
Karachi, March 24, 2025 – The Pakistan Stock Exchange (PSX) witnessed a sharp decline on Monday as the benchmark KSE-100 index plunged by more than 2,000 points.
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LTO Karachi Collects Rs3.60B CVT on Vehicles, Foreign Assets
Karachi, March 23, 2025 – The Large Taxpayers Office (LTO) Karachi has successfully collected Rs 3.60 billion as Capital Value Tax (CVT) on motor vehicles and foreign assets during the first eight months (July to February) of the fiscal year 2024-25.
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FBR Slows Tax Refunds to Boost FY25 Revenue
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.
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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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