Islamabad, October 8, 2025 — The Federal Board of Revenue (FBR) is actively exploring various strategies to strengthen revenue collection and prevent a shortfall during the fiscal year 2025–26.
(more…)Author: Shahnawaz Akhter
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Sales Tax Act Grants Suo Moto Powers to Commissioner IR
Islamabad, October 7, 2025 – The Federal Board of Revenue (FBR) has clarified that under the Sales Tax Act, 1990, the commissioner of Inland Revenue holds suo moto powers to call for and examine departmental records to ensure compliance and legality of decisions.
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Karachi University hosts seminar on tax filing, pension reforms
Karachi, October 7, 2025 – The University of Karachi hosted an informative seminar titled “Impacts of Income Tax Filing and Amendments in Pension Rules” at the Karachi University Business School Auditorium on Tuesday.
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SBP clarifies current account and trade data accuracy
Karachi, October 6, 2025 – The State Bank of Pakistan (SBP) has issued an official clarification regarding recent reports suggesting revisions in the country’s trade statistics and current account balance.
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RTO-II Karachi collects Rs17.32b from Sindh employees
Karachi, October 6, 2025 – The Federal Board of Revenue (FBR) has reported a strong performance in tax collection from salaried individuals, gathering Rs17.32 billion in income tax from employees of the Government of Sindh working in Karachi during the fiscal year 2024–25, according to data obtained by Pakistan Revenue.
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KSE-100 index plunges nearly 3,000 points in intraday trading
Karachi, October 6, 2025 – The KSE-100 index of the Pakistan Stock Exchange (PSX) witnessed a sharp decline on Monday, plunging by almost 3,000 points during intraday trading as investors engaged in heavy profit-taking across multiple sectors.
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Pakistan grants Rs61b in tax exemptions under trade agreements
Karachi, October 6, 2025 – Pakistan has provided a substantial tax exemption of Rs61 billion during the tax year 2023–24 under various Free Trade Agreements (FTAs) and Preferential Trade Agreements (PTAs), according to the Tax Expenditure Report 2025 issued by the Federal Board of Revenue (FBR).
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AIT return filing deadline extended to Oct 31: SRB
Karachi, October 6, 2025 – The Sindh Revenue Board (SRB) on Monday officially announced the extension of the deadline for filing Agricultural Income Tax (AIT) returns up to October 31, 2025.
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FBR collects Rs7.70b as CVT on motor vehicles in FY25
Islamabad, October 5, 2025 — The Federal Board of Revenue (FBR) has collected Rs7.70 billion as Capital Value Tax (CVT) on motor vehicles during the fiscal year 2024–25, marking a slight decline from Rs7.80 billion collected in the previous fiscal year.
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FBR unveils arrest procedure for IR officers in tax fraud cases
ISLAMABAD, October 5, 2025 – The Federal Board of Revenue (FBR) has officially issued a detailed framework outlining the arrest procedure for Inland Revenue (IR) officers in connection with tax fraud investigations.
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