Karachi, July 23, 2025 – In a dramatic move that has rattled the already tense business environment, the Federal Board of Revenue (FBR) has fired off a barrage of Artificial Intelligence (AI)-generated notices targeting sales tax return anomalies spanning the last five years. This sudden strike by the FBR has left taxpayers—especially exporters and manufacturers—reeling in disbelief.
(more…)Author: Shahnawaz Akhter
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Principal appraiser penalized for shocking inefficiency
Islamabad, July 23, 2025 – In a dramatic turn of events, the Federal Board of Revenue (FBR) has dropped the hammer on a principal appraiser involved in a serious case of negligence that cost the exchequer dearly.
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FBR tightens grip on sales tax evaders with new restrictions
Karachi, July 23, 2025 – If you’re a business engaged in taxable supplies and still haven’t registered for sales tax, it’s time to take notice! The Finance Act, 2025 has introduced tough new restrictions through three powerful sections—14AC, 14AD, and 14AE—under the Sales Tax Act, 1990. These sweeping changes aim to crack down on unregistered persons and bring them into the formal tax net.
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Pakistan’s rice export suffers 15% decline in FY25
Karachi, July 23, 2025 – Pakistan’s rice export sector has taken a major hit during fiscal year 2024-25 (FY25), witnessing a sharp 15% decline in overall export value.
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SBP to release bi-annual monetary policy report
Karachi, July 22, 2025 – In a move to promote greater transparency and long-term planning, the State Bank of Pakistan (SBP) has announced its decision to release a Monetary Policy Report (MPR) on a bi-annual basis, aligned with the central bank’s Strategic Plan – Vision 2028.
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KSE-100 index hits all-time high as bulls dominate market
Karachi, July 22, 2025 – The KSE-100 index of the Pakistan Stock Exchange (PSX) surged to a historic high on Tuesday as the bulls made a powerful comeback, signaling renewed investor confidence and a strong momentum in equities.
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FBR opens tax year 2025 filing amid glitches: Ali A. Rahim
Karachi, July 22, 2025 – The Federal Board of Revenue (FBR) has officially launched the income tax return filing portal for Tax Year 2025 — but not without complications. According to Ali A. Rahim, President of the Karachi Tax Bar Association (KTBA), taxpayers are encountering a wave of technical issues that are hampering the filing process.
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FBR tightens control over processed tobacco movement
Islamabad, July 22, 2025 – The Federal Board of Revenue (FBR) has introduced a more stringent procedure for the removal and movement of processed tobacco from Green Leaf Threshing (GLT) units and associated warehouses.
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Is your registered vehicle at risk of being declared smuggled?
If you own a registered vehicle in Pakistan, there’s an important new legal update you should know about—your car or bike can now be treated as a smuggled vehicle even if it’s properly registered with the provincial excise department.
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FBR explains key concepts of sales tax laws
Karachi, July 22, 2025 – The Federal Board of Revenue (FBR) has shared essential concepts of sales tax laws, especially in light of the latest reforms introduced under the Finance Act, 2025.
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