Karachi, October 31, 2025 – The Federal Government has appointed Muhammad Amin Khan Lodhi as the Deputy Governor of the State Bank of Pakistan (SBP) for a five-year term, effective October 30, 2025, according to an official statement issued by the SBP on Friday. Mr. Lodhi assumed his responsibilities on the same day.
(more…)Author: Shahnawaz Akhter
-
FBR nets 200 corporate cases through AI-driven audit selection
Islamabad, October 31, 2025 – In a major breakthrough for Pakistan’s digital tax enforcement, the Federal Board of Revenue (FBR) has identified over 200 corporate cases through an Artificial Intelligence (AI)-driven audit selection system, marking a milestone in the country’s tax modernization drive.
(more…) -
Third extension looms: FBR faces uproar over return filing chaos
Karachi, October 31, 2025 – Mounting pressure from tax professionals and widespread outrage over persistent glitches in the Federal Board of Revenue’s (FBR) online return filing system, IRIS, have fueled strong speculation that the government may soon announce a third extension in the income tax return filing deadline for Tax Year 2025.
(more…) -
SRB extends agricultural income tax filing deadline to November 15, 2025
Karachi, October 30, 2025 – The Sindh Revenue Board (SRB) has once again extended the deadline for filing Agricultural Income Tax (AIT) returns, giving taxpayers extra time to comply with filing requirements. The new deadline is now set for November 15, 2025, according to an official notification issued on Thursday.
(more…) -
KTBA urges FBR to extend 2025 tax return deadline amid IRIS glitches
Karachi, October 30, 2025 – In a strong appeal to the Federal Board of Revenue (FBR), the Karachi Tax Bar Association (KTBA) has demanded an immediate extension in the income tax return filing deadline for Tax Year 2025, citing widespread technical glitches and instability in the IRIS online filing portal.
(more…) -
FBR generates over Rs13 billion sales tax from motor cars in FY25
Islamabad, October 29, 2025 – The Federal Board of Revenue (FBR) has announced a record-breaking collection of Rs13 billion in sales tax from motor cars during the fiscal year 2024-25 (FY25), reflecting the rapid recovery and expansion of Pakistan’s automobile sector.
(more…) -
Salary tax collection skyrockets 55% — FBR breaks record in FY25
Islamabad, October 29, 2025 – In a stunning fiscal performance, the Federal Board of Revenue (FBR) has reported a historic surge in salary tax collection, marking the highest growth across all income tax categories during fiscal year 2024-25 (FY25).
(more…) -
FBR reports robust FY25 tax collection despite India tensions and global conflicts
Islamabad, October 29, 2025 – The Federal Board of Revenue (FBR) has reported a strong performance in Pakistan’s federal tax collection during fiscal year 2024-25 (FY25), despite regional tensions with India and ongoing conflicts in the Middle East and Europe.
(more…) -
FBR achieves historic 10.3% tax-to-GDP ratio in FY25
Islamabad, October 29, 2025 – In a major fiscal milestone, the Federal Board of Revenue (FBR) announced on Wednesday that Pakistan’s tax-to-GDP ratio surged to 10.3% in the fiscal year 2024–25 — breaking a decade-long stagnation that averaged just 8.7%.
(more…) -
FBR suspends nine Faceless Customs officials in major crackdown
Karachi, October 29, 2025 – The Federal Board of Revenue (FBR) has launched a major disciplinary action by suspending nine officials associated with its flagship Faceless Customs project.
(more…)