Karachi, December 31, 2025 — Chairman of the Businessmen Group (BMG), Zubair Motiwala, has described 2025 as one of the most turbulent and challenging years for Pakistan’s economy and business community, marked by policy uncertainty, deep structural issues, and mounting pressure on productive sectors.
(more…)Author: Shahnawaz Akhter
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FBR explains safeguards for tax-free imports into Gilgit-Baltistan
The Federal Board of Revenue (FBR) has addressed concerns raised by traders and business bodies regarding the proposed procedure for tax-free imports meant exclusively for Gilgit-Baltistan (GB).
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Inspector RTO Karachi sacked for illegal access to taxpayers’ data
Islamabad, December 30, 2025 – The Federal Board of Revenue (FBR) has dismissed an inspector posted at Regional Tax Office (RTO)-I Karachi for illegally accessing and misusing taxpayers’ data.
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Retail payments in Pakistan grow 10% in Q1 FY26: SBP releases report
Karachi, December 30, 2025 – The State Bank of Pakistan (SBP) on Tuesday released its Quarterly Payment Systems Review for the first quarter (Q1) of Fiscal Year 2025-26, reporting a significant 10% growth in retail payment transactions. The report provides a detailed analysis of Pakistan’s evolving payment ecosystem, highlighting key trends, digital adoption, and sectoral developments during the quarter.
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PM Shehbaz dismisses FBR’s BS-20 IRS officer over corruption charges
Islamabad, December 30, 2025 – Prime Minister Shehbaz Sharif has approved the dismissal of a BS-20 officer of the Inland Revenue Service (IRS) on proven corruption charges. The officer, Riaz Ali Shah, was serving as Chief (Accounting) in the Organizational Audit Wing of the Federal Board of Revenue (FBR), Islamabad, while posted in Karachi.
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Who Can Represent You Before FBR in Tax Year 2026
Navigating the Federal Board of Revenue (FBR) procedures can be complex, and often taxpayers require a representative to act on their behalf. Section 172 of the Income Tax Ordinance, 2001 clearly outlines who can legally represent you in Pakistan for tax year 2026.
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How Much FBR Will Pay for Delayed Refunds in Tax Year 2026
Are you a taxpayer in Pakistan waiting for a refund from the Federal Board of Revenue (FBR)? If your refund is delayed, the FBR is responsible for paying an additional amount as compensation. Understanding Section 171 of the Income Tax Ordinance, 2001 will help you know your rights and how much you can claim for delayed refunds in tax year 2026.
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Eligibility for Income Tax Refunds in Pakistan – Tax Year 2026
If you are a taxpayer in Pakistan and have paid more tax than you were liable for, you may be eligible to claim an income tax refund from the Federal Board of Revenue (FBR) in tax year 2026. Understanding the rules and procedures under Section 170 of the Income Tax Ordinance, 2001 will help you ensure a smooth refund process.
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LTO Karachi assigns ARY Media Group income tax cases to AEOI Zone
Karachi, December 29, 2025 – The Large Taxpayers Office (LTO) Karachi has reassigned the income tax cases of ARY Media Group to its Automatic Exchange of Information (AEOI) Zone, according to official documents obtained by PkRevenue. The move is part of the tax authority’s efforts to enhance scrutiny and improve compliance through specialized monitoring.
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Check Out the Final Tax Regime in Pakistan for Tax Year 2026
The final tax regime (FTR) remains an important—though often debated—feature of Pakistan’s income tax system for tax year 2026. While many tax experts argue that final taxation limits documentation and broadening of the tax base, the regime continues to apply to specific incomes under the Income Tax Ordinance, 2001, particularly through Section 169.
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