Islamabad, July 29, 2025 – The federal government has significantly increased the budgetary allocation for the Federal Board of Revenue (FBR) for the fiscal year 2025-26, earmarking Rs83.10 billion for its expenditures. This reflects a 41% jump compared to Rs58.80 billion allocated in the previous fiscal year.
(more…)Author: Shahnawaz Akhter
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FBR notifies option to pay duties after assessment for early GDs
Islamabad, July 29, 2025 – The Federal Board of Revenue (FBR) has issued a new statutory regulatory order, SRO 1360(I)/2025, introducing a key procedural change for importers.
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KSE-100 index sheds 1.02% amid earnings uncertainty
Karachi, July 29, 2025 – The Pakistan Stock Exchange (PSX) witnessed a sharp decline on Tuesday, as the benchmark KSE-100 index dropped by 1.02% day-on-day amid growing uncertainty over upcoming corporate earnings announcements.
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FBR issues guidelines for changing personal details on IRIS
KARACHI, July 29, 2025 – The Federal Board of Revenue (FBR) has released comprehensive guidelines for taxpayers seeking to change or update their personal details through the IRIS portal – FBR’s official online system for income tax return filing.
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FBR reconstitutes committee for sales tax integration licensing
ISLAMABAD, July 29, 2025 – The Federal Board of Revenue (FBR) has officially reconstituted the committee responsible for evaluating applications related to the integration of registered persons under the Sales Tax Rules, 2006.
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FBR resumes stalled refunds for exporters
Karachi, July 28, 2025 – The Federal Board of Revenue (FBR) has initiated the long-awaited process of issuing deferred sales tax refunds to exporters, particularly those outside the five zero-rated export sectors.
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FBR assigns additional charge of Member IR Operations post
Islamabad, July 28, 2025 – The Federal Board of Revenue (FBR) has officially assigned additional responsibilities to a senior official through a notification issued on Monday. As per the announcement, Mohammad Iqbal, a BS-22 officer of the Inland Revenue Service, has been given the additional charge of the post of Member (IR Operations), in addition to his current role as Member (Admin/HR) at FBR Headquarters, Islamabad.
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Withholding Tax Card 2025-26 for Salary Income
The Federal Board of Revenue (FBR) has released the updated withholding tax card for salary income, applicable during the tax year 2025-26. This withholding mechanism is crucial for salaried individuals, as it outlines how tax is to be deducted from salary income by employers throughout the fiscal year.
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Premium prize bonds investment rises by 7.83% in FY25
Karachi, July 28, 2025 – Investment in premium prize bonds witnessed a significant rise of 7.83% during the fiscal year 2024–25, reflecting increased public interest in secure and transparent savings instruments.
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FBR gets new powers to control retail prices to fight tax evasion
The Federal Board of Revenue (FBR) has been given fresh authority to fix retail prices of goods as part of the Finance Act, 2025 — a move aimed at tightening control over tax evasion in Pakistan’s markets.
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