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.
(more…)Author: Shahnawaz Akhter
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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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Possessing illegal goods is smuggling: Collector Customs
Karachi, July 26, 2025 – Collector Customs (Enforcement), Karachi, Moinuddin Wani, has clearly stated that holding illegal goods is considered smuggling under the law. Speaking to the Karachi Chamber of Commerce and Industry (KCCI), he said: “If a trader is found with undeclared or illegally imported items, it falls under smuggling.”
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FBR Drops You from Active Taxpayers List: Here’s Why
If you’ve recently noticed your name missing from the FBR’s Active Taxpayers List (ATL), you’re not alone—and you need to act fast! The Federal Board of Revenue (FBR) is now updating the ATL daily, which means your status can change anytime based on your tax compliance.
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FBR jolts fertilizer sector by revoking tax exemption certificate
Karachi, July 25, 2025 – In a move that has sent shockwaves across Pakistan’s fertilizer industry, the Federal Board of Revenue (FBR) has abruptly revoked a crucial tax exemption certificate previously granted to Engro Fertilizer Limited, one of the sector’s top players.
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KSE-100 index rebounds with 515-point gain
Karachi, July 25, 2025 – The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) witnessed a strong recovery on Friday, surging by 515 points after two consecutive sessions of sluggish trading. The index closed at 139,207 points, up from the previous day’s close of 138,692, reflecting a gain of 0.37 percent.
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