Karachi, August 5, 2025 – The Pakistan Stock Exchange (PSX) witnessed another historic day on Tuesday as the benchmark KSE-100 index surged past the 143,000 mark, continuing its unprecedented rally fueled by strong investor sentiment and economic optimism.
(more…)Author: Shahnawaz Akhter
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Deadline extended for June sales tax return to August 8
Islamabad, August 5, 2025 – In response to mounting complaints from taxpayers and consultants, the Federal Board of Revenue (FBR) has officially extended the deadline for filing the sales tax return for the month of June 2025 until August 8, 2025.
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FBR notifies sales tax rules for digitally ordered goods in Pakistan
Karachi, August 5, 2025 – In a major move to formalize the rapidly expanding e-commerce ecosystem, the Federal Board of Revenue (FBR) has announced detailed sales tax rules governing the collection and deduction on digitally ordered goods.
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Pakistan posts 9-year low fiscal deficit in FY25
Karachi, August 5, 2025 – In a significant fiscal milestone, Pakistan has posted its lowest fiscal deficit in nine years, clocking in at 5.38% of GDP during the fiscal year 2024-25 (FY25).
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FBR breaks through double-digit tax-to-GDP ratio after decades
Islamabad, August 4, 2025 – In a major fiscal breakthrough, the Federal Board of Revenue (FBR) has shattered a decades-long barrier by achieving a double-digit tax-to-GDP ratio, a milestone hailed as a turning point in Pakistan’s economic journey.
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FBR ends tax exemption on imported solar panels
Karachi, August 4, 2025 – The Federal Board of Revenue (FBR) has officially announced the withdrawal of the sales tax exemption previously available on imported solar panels, marking a significant shift in Pakistan’s solar energy policy.
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FBR limits income tax audit immunity to three years
Karachi, August 4, 2025 – The Federal Board of Revenue (FBR) has announced a significant policy shift, limiting the immunity from income tax audit to a period of three years, following amendments introduced in the Finance Act, 2025.
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FBR imposes 100% higher tax on bank profits for non-filers
Karachi, August 4, 2025 – The Federal Board of Revenue (FBR) has announced a major tax hike targeting non-filers, with a 100% increase in tax rates on profit earned from bank deposits, effective from tax year 2026 (July 1, 2025, to June 30, 2026).
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PSX shatters records, crosses 142K milestone for first time
Karachi, August 4, 2025 – The Pakistan Stock Exchange (PSX) has made history by crossing the monumental milestone of 142,000 points for the first time ever, marking a new era of bullish momentum in the country’s capital market.
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FBR integrates surplus employees from defunct departments
Islamabad, August 4, 2025 – In a major administrative move, the Federal Board of Revenue (FBR) has officially announced the absorption of a significant number of surplus employees who were previously part of now-defunct government departments.
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