The Federal Board of Revenue (FBR) allows taxpayers in Pakistan to adjust certain losses against income under specific conditions, as provided in the Income Tax Ordinance, 2001.
(more…)Author: Shahnawaz Akhter
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FBR Explains Property Valuation Table for Karachi: Key Points You Should Know
Karachi, October 25, 2025 — The Federal Board of Revenue (FBR) has issued a detailed explanation regarding the property valuation table for immovable properties in Karachi, implemented through a statutory regulatory order (SRO) issued in October 2024.
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FTO Exposes Massive FBR Data Breach: Hackers Control Tax System
Islamabad, October 24, 2025 – The Federal Tax Ombudsman (FTO) has sounded a serious alarm over the Federal Board of Revenue’s (FBR) weak cybersecurity systems, revealing that hackers may have gained repeated unauthorized access to taxpayers’ confidential data.
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FBR cracks down on Karachi tax fraud with FPCCI, KCCI backing
Karachi, October 24, 2025 – In a major development shaking up the business community, the Federal Board of Revenue (FBR) has announced that it will consult key representatives from Pakistan’s top trade bodies — the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and the Karachi Chamber of Commerce and Industry (KCCI) — before moving ahead with sales tax fraud investigations in the Karachi region.
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LTO Karachi rakes in Rs757 million tax from lavish weddings and grand functions
Karachi, October 24, 2025 – The glitter and glamour of Karachi’s extravagant wedding season have turned into gold for the tax authorities, as the Large Taxpayers Unit (LTO) Karachi reported a whopping Rs757 million collection in withholding tax on marriages and social functions during the tax year 2025.
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FBR finalizes arrest procedure for businessmen in sales tax fraud cases
Islamabad – The Federal Board of Revenue (FBR) has finalized a comprehensive procedure for the arrest of businessmen involved in sales tax fraud cases, following the formal nomination of representatives from leading trade organizations across Pakistan.
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FBR issues new procedure for changing NTN or STRN on gas and electricity bills
Islamabad, October 22, 2025 – The Federal Board of Revenue (FBR) has announced a detailed procedure for changing the National Tax Number (NTN) or Sales Tax Registration Number (STRN) on gas and electricity bills of industrial consumers.
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Foreign investors repatriate $752m from Pakistan in Q1FY26
Karachi, October 21, 2025 — Foreign investors have repatriated $752 million in profits and dividends from Pakistan during the first quarter (July–September) of the fiscal year 2025–26, according to the latest official data.
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FBR faces shortage of chartered accountants for third-party tax auditors
Karachi, October 21, 2025 – The Federal Board of Revenue (FBR) has initiated the second phase of hiring third-party tax auditors, but the country currently faces a significant shortage of qualified chartered accountants (CAs) to meet the government’s requirements.
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Pakistan’s foreign direct investment drops 34% in first quarter of FY2025-26: SBP
Karachi, October 20, 2025 – Pakistan recorded a 34% year-on-year decline in foreign direct investment (FDI) during the first quarter (July–September) of fiscal year 2025–26, according to data released by the State Bank of Pakistan (SBP) on Monday.
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