Karachi, January 20, 2025 – Pakistan’s textile sector has achieved a significant milestone, recording over $9 billion in export earnings during the first half (July–December) of the current fiscal year 2024-25.
(more…)Author: Shahnawaz Akhter
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FBR Tests New System for Rating and Rewards
Islamabad, January 20, 2025 – The Federal Board of Revenue (FBR) has officially announced the test run of a newly developed Rating and Reward System for its officers, marking a significant step under its transformation plan.
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SBP Announces First Monetary Policy of 2025 on January 27
Karachi, January 20, 2025 – The State Bank of Pakistan (SBP) has confirmed that it will unveil the first Monetary Policy Announcement of 2025 on January 27.
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Petroleum Products Drain Rs 1.42 Trillion in Taxes: FBR
Karachi, January 20, 2025 – The Federal Board of Revenue (FBR) has revealed a staggering Rs 1.42 trillion in sales tax exemptions granted to petroleum products, despite a significant decline in consumption over the past year.
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FBR Achieves Historic Milestone with 6 Million Active Taxpayers
Karachi, January 20, 2025 – The Federal Board of Revenue (FBR) has reached a significant achievement, with the number of active taxpayers in Pakistan surging to a record high of 6.07 million.
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FBR Prioritizes Tax Collection and Broadening for Budget 2025-26
Karachi, January 20, 2025 – The Federal Board of Revenue (FBR) is intensifying its efforts to boost tax collection and expand the tax base as part of the formulation of the federal budget for 2025-26.
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FBR to Incentivize Whistleblowers in Sales Tax Evasion Cases
Karachi, January 20, 2025 – In a move to combat sales tax evasion and promote transparency, the Federal Board of Revenue (FBR) has announced policy to reward whistleblowers who provide credible information leading to the detection of tax fraud, evasion, or corruption.
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OGDCL Reports Major Advancements in Oil and Gas Production
Karachi, January 20, 2025 – The Oil and Gas Development Company Limited (OGDCL) has announced significant advancements in oil and gas production from two of its key wells, signaling a positive development for Pakistan’s energy sector.
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FBR Disallows Sales Tax Refund Claims Filed After One Year
Karachi, January 19, 2025 – The Federal Board of Revenue (FBR) has announced that it will no longer entertain claims for sales tax refunds filed beyond a one-year period. This decision, based on Section 66 of the Sales Tax Act, 1990, emphasizes strict adherence to the stipulated time frame for refund claims.
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FBR Acquires 5-Year Data on Car Purchases by Non-Filers
Karachi, January 19, 2025 – The Federal Board of Revenue (FBR) has acquired extensive data on car purchases made over the past five years to initiate a crackdown on individuals with taxable income who have failed to meet their tax obligations.
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