Karachi, August 8, 2025 – Pakistan recorded an inflow of $3.21 billion in workers’ remittances during July 2025, according to data released by the State Bank of Pakistan (SBP) on Friday.
(more…)Author: Shahnawaz Akhter
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FBR uses new FED to track poultry sector output
ISLAMABAD, August 8, 2025 — The Federal Board of Revenue (FBR) has announced that the recently imposed Federal Excise Duty (FED) on day-old chicks (DOCs) will serve as a powerful tool to monitor production in Pakistan’s vast poultry sector.
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FBR officially withdraws FED on immovable property
ISLAMABAD, August 8, 2025 — In a major policy shift welcomed by the real estate sector, the Federal Board of Revenue (FBR) has officially withdrawn the Federal Excise Duty (FED) on the allotment or transfer of immovable property.
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FBR limits input tax adjustment, implements CRM framework
KARACHI, August 8, 2025 – The Federal Board of Revenue (FBR) has announced new restrictions on input tax adjustment, linking the process to its Compliance Risk Management (CRM) system.
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Wajid Ali Appointed as Member Customs Operations
Islamabad, August 7, 2025 – In a significant development within the Federal Board of Revenue (FBR), Wajid Ali, a senior officer of the Pakistan Customs Service (PCS) in BS-22, has been appointed as the new Member Customs Operations.
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FBR reshuffles 57 IR officers in BS-19 to BS-20
Islamabad, August 7, 2025 – In a significant administrative move, the Federal Board of Revenue (FBR) has announced a large-scale reshuffle involving 57 officers of the Inland Revenue Service in BS-19 and BS-20.
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FBR slams media for misleading reports on FCA
Islamabad, August 7, 2025 — In a blistering rebuttal, the Federal Board of Revenue (FBR) has condemned what it calls a “malicious media campaign” aimed at sabotaging Pakistan Customs’ groundbreaking Faceless Customs Assessment (FCA) system.
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Pakistan’s weekly forex reserves fall by $111 million: SBP
Karachi, August 7, 2025 — Pakistan’s foreign exchange (forex) reserves declined by $111 million during the week ending August 1, 2025, according to the latest data released by the State Bank of Pakistan (SBP) on Thursday.
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Provinces report only 0.9% tax-to-GDP ratio in FY2024-25
Islamabad, August 7, 2025 – The provinces of Pakistan collectively reported a tax-to-GDP ratio of just 0.9% for the fiscal year 2024-25, reflecting modest growth in tax revenue despite a significant increase in the size of the national economy.
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FBR issues procedure for tax fraud probe under Section 37A
Islamabad, August 7, 2025 – The Federal Board of Revenue (FBR) on Thursday issued procedure for initiating tax fraud investigation under Section 37A of the Sales Tax Act, 1990.
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