Karachi, October 28, 2025 – In a dramatic last-minute twist, the Federal Board of Revenue (FBR) has rolled out yet another modification to the income tax return form for tax year 2025, catching taxpayers and tax consultants completely off guard — just three days before the extended filing deadline.
(more…)Author: Shahnawaz Akhter
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KTBA Warns: IRIS Glitch Blocks 2025 Tax Return Extensions
Karachi, October 28, 2025 – The Karachi Tax Bar Association (KTBA) has raised alarm over a critical glitch on the Federal Board of Revenue’s (FBR) IRIS portal, which is preventing taxpayers from applying for the 2025 income tax return filing extension—just days before the October 31 deadline.
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Capital gain tax skyrockets 559% in 1QFY26 as PSX hits record highs
Karachi, October 27, 2025 – Pakistan’s roaring stock market rally has sent tax revenues soaring, with Capital Gain Tax (CGT) collection jumping by an astonishing 559% in the first quarter (July–September) of FY2025–26, according to official data.
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SAI blasts telecom companies for poor mobile and internet services
Karachi, October 27, 2025 – The SITE Association of Industries (SAI) has strongly criticized Pakistan’s telecom operators and internet service providers over persistent network issues, labeling their performance as substandard and damaging to business operations.
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FBR makes unique identification marking (UIM) mandatory for cement monitoring
Islamabad, October 27, 2025 – The Federal Board of Revenue (FBR) has announced mandatory implementation of Unique Identification Marking (UIM) on cement products as part of its electronic monitoring under the Track and Trace System.
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Are set off of losses against income allowed in Pakistan tax laws?
The Federal Board of Revenue (FBR) allows taxpayers in Pakistan to adjust certain losses against income under specific conditions, as provided in the Income Tax Ordinance, 2001.
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FBR Explains Property Valuation Table for Karachi: Key Points You Should Know
Karachi, October 25, 2025 — The Federal Board of Revenue (FBR) has issued a detailed explanation regarding the property valuation table for immovable properties in Karachi, implemented through a statutory regulatory order (SRO) issued in October 2024.
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FTO Exposes Massive FBR Data Breach: Hackers Control Tax System
Islamabad, October 24, 2025 – The Federal Tax Ombudsman (FTO) has sounded a serious alarm over the Federal Board of Revenue’s (FBR) weak cybersecurity systems, revealing that hackers may have gained repeated unauthorized access to taxpayers’ confidential data.
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FBR cracks down on Karachi tax fraud with FPCCI, KCCI backing
Karachi, October 24, 2025 – In a major development shaking up the business community, the Federal Board of Revenue (FBR) has announced that it will consult key representatives from Pakistan’s top trade bodies — the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and the Karachi Chamber of Commerce and Industry (KCCI) — before moving ahead with sales tax fraud investigations in the Karachi region.
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LTO Karachi rakes in Rs757 million tax from lavish weddings and grand functions
Karachi, October 24, 2025 – The glitter and glamour of Karachi’s extravagant wedding season have turned into gold for the tax authorities, as the Large Taxpayers Unit (LTO) Karachi reported a whopping Rs757 million collection in withholding tax on marriages and social functions during the tax year 2025.
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