Islamabad, June 21, 2025 — The Federal Board of Revenue (FBR) has once again extended the deadline for mandatory electronic integration of businesses into its centralized computerized system, in a continued effort to strengthen digital tax documentation and ensure comprehensive compliance.
(more…)Author: Shahnawaz Akhter
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Port Qasim leads in five-year customs duty collection in Pakistan
Karachi, June 21, 2025 – In a comprehensive review of customs duty performance over the past five fiscal years, Port Qasim has emerged as the top contributor in Pakistan’s customs duty collection, highlighting its strategic importance in the country’s import landscape.
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FTO directs FBR to cease sealing of Tier-1 retail outlets
Islamabad, June 21, 2025 – In a significant decision for Pakistan’s formal retail sector, the Federal Tax Ombudsman (FTO) has ordered the Federal Board of Revenue (FBR) to immediately halt the sealing of Tier-1 retail outlets.
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Foreign investors strongly oppose FBR’s proposed arrest powers
Karachi, June 21, 2025 – Foreign investors operating in Pakistan have voiced strong opposition to the sweeping powers of arrest proposed for Federal Board of Revenue (FBR) officials under the Finance Bill 2025-26.
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ICMAP suggests 90-day oil reserves amid Iran-Israel conflict
Karachi, June 20, 2025 – The Institute of Cost and Management Accountants of Pakistan (ICMAP) has urged the government to build up 90-day oil reserves as a strategic response to the ongoing Iran-Israel conflict, which has triggered serious concerns about regional energy security and economic stability.
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FBR clarifies arrest powers proposed under Finance Bill 2025
Islamabad, June 20, 2025 — The Federal Board of Revenue (FBR) on Friday issued a detailed clarification regarding the arrest provisions proposed in the Finance Bill 2025, aiming to address widespread confusion and public concern over its interpretation.
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FBR collects Rs180 billion in regulatory duty during FY24
KARACHI, June 20, 2025 – The Federal Board of Revenue (FBR) has reported the collection of Rs180.54 billion in regulatory duty during the fiscal year 2023-24, marking a year-on-year increase of 4.3% compared to Rs173 billion in FY23.
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Sindh revises nomenclature for sales tax on services
KARACHI, June 20, 2025 – In a significant step toward modernization and standardization of tax regulations, the Sindh government has unveiled comprehensive changes to the nomenclature for sales tax on services under the Sindh Finance Bill, 2025.
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Pakistan’s rice export suffers 12% blow amid price crash, tax woes
Karachi, June 20, 2025 — Pakistan’s rice export sector is reeling from a severe setback as official data from the Pakistan Bureau of Statistics (PBS) shows a staggering 12% year-on-year decline in export earnings during the first 11 months (July–May) of FY2024-25.
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FBR reports 545% property transactions tax surge in half decade
KARACHI, June 20, 2025 – In a jaw-dropping revenue leap, the Federal Board of Revenue (FBR) has recorded an astonishing 545% increase in income tax collection from transactions involving immovable properties over the past five years — a figure that signals a dramatic shift in the taxation landscape.
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