The Sales Tax Act, 1990 clearly explains how official notices, orders, or decisions related to sales tax should be legally delivered to individuals and businesses. According to the Federal Board of Revenue (FBR), these procedures, mentioned in Section 56 of the Act, will continue to apply during the tax year 2025–26.
(more…)Author: Shahnawaz Akhter
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Withholding tax on electricity generates Rs146b for FBR in FY25
Islamabad, October 9, 2025 – The Federal Board of Revenue (FBR) has reported a significant rise in revenue from withholding tax on electricity, collecting Rs146 billion during fiscal year 2024–25.
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Pakistan’s weekly forex reserves edge up to $19.81 billion
Karachi, October 9, 2025 – Pakistan’s foreign exchange (forex) reserves recorded a slight increase, reaching $19.81 billion by the week ended October 3, 2025, according to data released by the State Bank of Pakistan (SBP) on Thursday.
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IR officers invoke provisions for sales tax arrears recovery
Islamabad, October 9, 2025 – Taxpayers across the country should brace for strict enforcement actions as the Inland Revenue (IR) officers of the Federal Board of Revenue (FBR) begin implementing provisions for the recovery of outstanding sales tax arrears under the Sales Tax Act, 1990.
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Your information is as valuable as income: KTBA chief
Karachi, October 9, 2025 – The President of the Karachi Tax Bar Association (KTBA), Ali A. Rahim, has warned taxpayers to remain vigilant against unauthorized intermediaries offering online income tax return filing services.
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Pakistan sees 10% drop in U.S. remittances in 1QFY26
Karachi, October 9, 2025 – Pakistan’s workers’ remittances from the United States dropped by 10% during the first quarter (July–September) of fiscal year 2025–26, according to new data released by the State Bank of Pakistan (SBP).
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FBR digitizes all sales tax de-registration process
Islamabad, October 8, 2025 – The Federal Board of Revenue (FBR) has announced that all sales tax de-registration requests must now be processed exclusively through the computerized system, eliminating manual applications altogether.
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Pakistan discovers new gas reserves in Sindh province
Karachi, October 8, 2025 – Pakistan Petroleum Limited (PPL) has announced a significant gas discovery in the Kotri North Block located in Sindh province, marking another milestone in the country’s search for local energy resources.
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KTBA seeks removal of redundant return filing requests
Karachi, October 8, 2025 – The Karachi Tax Bar Association (KTBA) has called on the Federal Board of Revenue (FBR) to remove all pending requests for return filing deadline extensions from the IRIS portal.
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FBR reports 19% rise in tax collected from weddings
Karachi, October 8, 2025 — The Federal Board of Revenue (FBR) has announced a significant 19% increase in the collection of withholding tax on weddings during the fiscal year 2024–25, highlighting improved compliance and growing formalization in the event management sector.
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