Karachi: Foreign investors operating in Pakistan have strongly urged the Federal Board of Revenue (FBR) to immediately release long-pending tax refunds amounting to Rs103 billion, warning that persistent delays are causing severe liquidity constraints and disrupting business operations.
(more…)Author: Shahnawaz Akhter
-
FBR Scripts Your Cash Withdrawal for Tax Investigation
With Pakistan’s tax authorities stepping up efforts to broaden the tax base, your cash withdrawals from banks are now under closer scrutiny. The Federal Board of Revenue (FBR) tracks significant cash withdrawals to ensure tax compliance, and banks are required to report details of large transactions.
(more…) -
Business leaders raise alarm over proposed amendments to trade organization rules
Karachi, February 25, 2026 – Leading business figures in Pakistan have voiced serious concerns over the proposed amendments to the Trade Organization Rules (TORs) 2013, warning that the changes could dismantle district chambers and harm local economies nationwide.
(more…) -
How Much Credit Card Payment Triggers FBR Scrutiny? You Must Know
The Federal Board of Revenue (FBR) is keeping a close eye on credit card transactions as part of its initiative to broaden Pakistan’s tax base. Citizens using credit cards should be aware that certain payment thresholds trigger mandatory reporting by banks to the FBR.
(more…) -
FBR introduces format for bank deposit reporting: What account holders should know
The Federal Board of Revenue (FBR) has issued a format for banks to provide account holders’ deposit details. Citizens with significant deposits should be prepared for scrutiny as part of the government’s effort to enhance tax compliance.
(more…) -
Khurram Ijaz urges export diversification to counter US trade curbs
Karachi, February 23, 2026 — Khurram Ijaz, General Secretary of the Businessmen Panel Progressive (BPP) and former vice president of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has called on the government to urgently adopt a strategy of export diversification to safeguard Pakistan’s trade interests amid fresh regulatory curbs imposed by the United States on global imports.
(more…) -
Sindh shifts entire tax system to negative list tariff regime: SRB
Karachi, February 23, 2026 – The Sindh Revenue Board (SRB) has announced a major transformation of Sindh’s tax regime, moving from the Positive List of Tariff (PCT) to a Negative List Tariff regime in the current fiscal year 2025-26. This reform marks a significant step toward broadening the tax base and simplifying taxation of services across the province.
(more…) -
Banks return dormant funds: SBP receives CY24 unclaimed deposits
Karachi, February 23, 2026 – Around 13 commercial banks in Pakistan have surrendered their unclaimed deposits up to December 31, 2024 to the State Bank of Pakistan (SBP) in compliance with the Banking Companies Ordinance, 1962. This step is part of ongoing efforts to ensure that dormant funds are returned to their rightful owners.
(more…) -
OGDCL suffers 16% fall in net profit in second quarter of FY26
Karachi, February 23, 2026 – Oil and Gas Development Company Limited (OGDCL) on Monday reported a 16% year-on-year decline in net profit for the second quarter of fiscal year 2026, primarily due to lower gas production, rising operating costs, and higher exploration expenses.
(more…) -
Public auctions generate Rs9 billion in FBR tax revenue in 7MFY26
Islamabad, February 21, 2026 – The Federal Board of Revenue (FBR) has collected more than Rs9 billion as advance income tax from public auctions during the first seven months (July–January) of fiscal year 2025-26.
(more…)