Islamabad, August 1, 2025 – In a significant administrative move, the Federal Board of Revenue (FBR) has announced large-scale transfers of senior Inland Revenue Service (IRS) officers from BS-20 to BS-22. The reshuffle aims to streamline operations, strengthen taxpayer services, and improve overall revenue performance across the country.
(more…)Author: Shahnawaz Akhter
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FBR announces new deadlines for e-invoice integration
Islamabad, August 1, 2025 – The Federal Board of Revenue (FBR) has officially issued revised deadlines for the integration of sales tax registered persons with its digital system for issuing electronic invoices.
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KSE-100 index hits historic high on U.S. tariff relief
Karachi, August 1, 2025 – The Pakistan Stock Exchange (PSX) witnessed a historic day on Friday as the KSE-100 index surged past the 141,000-point mark for the first time ever.
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FBR reaches historic 7.5 million active taxpayers
ISLAMABAD – The Federal Board of Revenue (FBR) has achieved a historic milestone, announcing that the number of active taxpayers in Pakistan has reached 7.5 million as of July 31, 2025.
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Pakistan slaps penalty in trade-based money laundering case
ISLAMABAD – In a landmark crackdown on financial crime, Pakistan has imposed a record monetary penalty of Rs111 billion on 13 import firms involved in a massive money laundering operation through inflated invoices on solar panel imports. This is one of the most significant trade-based money laundering cases in the country’s history, exposing deep-rooted vulnerabilities in the trade and financial system.
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KSE-100 index surges 978 points on Pak-US trade breakthrough
Karachi, July 31, 2025 – The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) soared by 978 points on Thursday, closing at 139,390 points compared to the previous session’s close of 138,412.
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FBR issues fresh customs values for solar inverters
Karachi, July 31, 2025 – In a significant move impacting the renewable energy sector, the Directorate General of Customs Valuation has released fresh customs values for imported solar inverters, aimed at ensuring a more transparent and market-aligned assessment of duties and taxes.
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Habib Bank pays Rs41 billion in income tax during 1HCY25
Karachi, July 31, 2025 – Habib Bank Limited (HBL) has reported a significant contribution of Rs41 billion in income tax payments during the first half of the calendar year 2025 (January–June), underscoring the bank’s expanding profitability and its vital role in Pakistan’s financial sector.
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FBR clarifies scope of digital presence tax
Islamabad, July 30, 2025 – The Federal Government has announced that the newly introduced Digital Presence Proceeds Tax will not apply to digitally ordered goods and services supplied from outside Pakistan, provided they are already chargeable under the provisions of the same law.
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FBR starts action against taxpayers over integration failure
Islamabad, July 30, 2025 – The Federal Board of Revenue (FBR) has begun penal proceedings against taxpayers who failed to meet the mandatory integration requirements with its electronic tax system.
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