KARACHI – The Karachi Chamber of Commerce and Industry (KCCI) has formally rejected a petition by Sui Southern Gas Company (SSGC) seeking a massive hike in gas tariffs for the fiscal year 2026-27.
(more…)Author: Shahnawaz Akhter
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P@SHA seeks tax classification of IT freelancers vs remote workers
Karachi, May 2, 2026 – The Pakistan Software Houses Association (P@SHA) has called for a clear tax classification of IT freelancers and remote workers in Pakistan’s upcoming federal budget 2026-27, warning that existing rules are creating significant distortions in the labor market.
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Pakistan inflation rises 50bps with every $10 oil price increase, report says
KARACHI, May 2, 2026– Pakistan inflation could rise by 50 basis points for every $10 per barrel increase in global oil prices, intensifying economic pressures amid ongoing geopolitical tensions, according to a report by Topline Securities Limited.
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Karachi chamber backs FBR monitoring of jewelers, warns against harassment
KARACHI, May 1, 2026– The Karachi Chamber of Commerce and Industry has backed the monitoring of jewelers’ business transactions by the Federal Board of Revenue, while cautioning against harassment by tax officials.
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FBR braces for historic tax shortfall in FY2025-26
Islamabad, May 1, 2026: The Federal Board of Revenue (FBR) is heading toward a historic shortfall in tax collection for the fiscal year 2025-26 after missing its revenue targets during the first ten months (July–April).
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Karachi Retailers Pay Rs6.25 Billion Income Tax in FY25
Karachi, April 30, 2026 — Retailers in Karachi contributed Rs6.25 billion in income tax during fiscal year 2024-25, marking a significant increase in tax collection, according to data released by the Federal Board of Revenue (FBR).
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Sui Southern Gas Company Limited Reports 80% Profit Plunge in 9MFY26
Karachi, April 29, 2026 — Sui Southern Gas Company Limited (SSGC) reported a sharp 80% decline in profit after tax for the first nine months of fiscal year 2025–26, as rising costs and lower margins weighed heavily on its financial performance.
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Senate seeks data on dual nationality of FBR officers
ISLAMABAD, April 28, 2026 – Pakistan’s Senate has sought detailed information on federal tax officers holding dual nationality, directing the Federal Board of Revenue (FBR) to compile and submit comprehensive data for review by a parliamentary panel.
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Pakistan may remove 1% import tax relief in major policy shift
ISLAMABAD, April 27, 2026 – Pakistan is considering scrapping concessional income tax rates on a wide range of imported goods as part of efforts to raise revenues in the federal budget for 2026-27, according to officials in the finance ministry.
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FBR clarifies tax relief for builders under special regime
Karachi, April 27, 2026 – The Federal Board of Revenue (FBR) has issued a clarification regarding the applicability of advance tax on property transactions for builders and developers operating under a special tax regime, aiming to ease their financial burden and address industry concerns.
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