Islamabad, October 13, 2025 – Prime Minister Muhammad Shehbaz Sharif has imposed a minor penalty on Amjad Farooq, a BS-20 officer of the Inland Revenue Service (IRS), currently serving as Chief (Admin Pool) at the Federal Board of Revenue (FBR) Headquarters, Islamabad.
(more…)Author: Shahnawaz Akhter
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FBR collects Rs422bn income tax on imports in FY25
Karachi, October 12, 2025 – The Federal Board of Revenue (FBR) has reported a substantial increase in withholding income tax collection on imports, reaching Rs422.42 billion during fiscal year 2024–25. This marks an impressive growth of 11.36 percent compared with Rs379 billion collected in the previous fiscal year.
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Karachi Customs foils bid to clear Indian textile machinery
Karachi, October 12, 2025 – The Collectorate of Customs, Karachi, has successfully foiled an attempt to clear banned Indian-origin textile machinery under the guise of Chinese goods.
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FBR implements electronic scrutiny for sales tax compliance
Islamabad, October 12, 2025 – The Federal Board of Revenue (FBR) has introduced a comprehensive electronic scrutiny system for taxpayers under the Sales Tax Act, 1990, aimed at improving accuracy, transparency, and compliance in sales tax matters.
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FBR confirms October 15 as final deadline for return filing
Islamabad, October 12, 2025 – The Federal Board of Revenue (FBR) has reaffirmed that the deadline for filing the annual income tax return for the tax year 2025 will end on October 15, urging taxpayers to complete their return filing process on time.
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Know Your Tax Year for Pakistan Return Filing
Understanding the tax year is essential for accurate and timely filing of income tax returns in Pakistan. A tax year refers to a continuous period of twelve months ending on the 30th of June, representing the financial year.
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FBR announces deadline for claiming sales tax refunds
Islamabad, October 11, 2025 – The Federal Board of Revenue (FBR) has issued a clear deadline for taxpayers to claim their sales tax refunds, emphasizing the importance of timely applications.
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FBR rakes in record Rs89b from exports under new tax regime
Islamabad, October 11, 2025 — In a major fiscal breakthrough, the Federal Board of Revenue (FBR) has collected an unprecedented Rs89 billion in advance tax from exports during the first year of the new levy’s implementation — marking a historic shift in Pakistan’s taxation structure for the export sector.
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KCCI seeks PM’s intervention on overcharged gas bills
Karachi, October 11, 2025 — The Karachi Chamber of Commerce and Industry (KCCI) has appealed to Prime Minister Muhammad Shehbaz Sharif to take urgent notice of what it calls miscalculated and inflated gas bills issued to industrial consumers this month.
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FBR fully authorized for real-time access to national data
Islamabad, October 10, 2025 – In a significant move toward strengthening tax enforcement, the Federal Board of Revenue (FBR) has been granted full access to national databases in real time, empowering the agency to enhance its monitoring and compliance mechanisms across the country.
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