Islamabad, September 21, 2025 – The Federal Board of Revenue (FBR) has formally introduced benchmarks for determining income tax exemptions and concessions, aiming to enhance clarity and consistency in the taxation system.
(more…)Author: Shahnawaz Akhter
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Tax rates 2025-26 on marriage functions in Pakistan
Islamabad, September 20, 2025 – The Federal Board of Revenue (FBR) has issued the updated withholding tax rates applicable on marriage functions during the tax year 2025-26. These rates have been outlined under Section 236CB of the Income Tax Ordinance, 2001.
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Return filing deadline extension not under consideration: FBR
Islamabad, September 20, 2025 – The Federal Board of Revenue (FBR) clarified on Saturday that an extension in the deadline for income tax return filing for Tax Year 2025 is not under consideration at present.
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FBR maintains strict penalties for sales tax payment defaults
Karachi, September 19, 2025 – The Federal Board of Revenue (FBR) has reaffirmed its stance on penalizing taxpayers who fail to meet their sales tax obligations for the tax year 2025–26.
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SRB introduces online agricultural income tax return facility
Karachi, September 19, 2025 – The Sindh Revenue Board (SRB) has rolled out an online agricultural income tax return form, aiming to make tax compliance easier and more accessible for farmers and landowners across the province.
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KTBA urges FBR to halt recovery notices, fix IRIS glitches
Karachi, September 19, 2025 – The Karachi Tax Bar Association (KTBA) has strongly urged the Federal Board of Revenue (FBR) to stop issuing recovery notices to taxpayers and immediately resolve long-standing technical issues on the IRIS portal.
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Murree Brewery posts over 24% surge in annual profit
Karachi, September 19, 2025 – Murree Brewery Company Limited on Friday announced strong financial results, declaring a surge of more than 24% in net profit for the year ended June 30, 2025.
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Pakistan’s Weekly Forex Reserves Rise by $55 Million: SBP
Karachi, September 18, 2025 – The State Bank of Pakistan (SBP) on Thursday announced an increase in the country’s foreign exchange (forex) reserves, which rose by $55 million during the latest reporting week.
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FBR reports 45% cut in tax exemption on gratuity income
Karachi, September 18, 2025 – The Federal Board of Revenue (FBR) has reported a 45 percent reduction in income tax exemption on gratuity payments to employees.
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What is EIF and Why is it Important for Importers?
In Pakistan’s trade and customs framework, the Electronic Import Form (EIF) plays a central role for all importers of goods. Introduced through the State Bank of Pakistan (SBP) regulations and integrated into the WeBOC (Web-Based One Customs) system, EIF ensures that every import transaction is properly declared, monitored, and aligned with foreign exchange regulations.
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