Karachi, September 23, 2025 – The Board of Directors of K-Electric has officially decided to decommission two of its older gas-based power plants, the Korangi Town Gas Turbine Power Station (KTGTPS) and the SITE Gas Turbine Power Station (SGTPS).
(more…)Author: Shahnawaz Akhter
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KCCI requests tax return deadline shift to October 31
Karachi, September 23, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has strongly appealed to the Federal Board of Revenue (FBR) to extend the return filing deadline for Tax Year 2025.
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IRIS generates computation errors as filing deadline looms
Lahore, September 23, 2025 – The Lahore Tax Bar Association (LTBA) has raised concerns over serious computation errors detected in IRIS, the Federal Board of Revenue’s (FBR) online return filing portal, just days ahead of the September 30 filing deadline for tax year 2025.
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FBR reminds taxpayers of September 30 filing deadline
Islamabad, September 23, 2025 – The Federal Board of Revenue (FBR) has once again reminded taxpayers that September 30 remains the official filing deadline for annual income tax returns for the tax year 2025.
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FBR plans record rewards for whistleblowers on tax dodgers
Islamabad, September 22, 2025 – In a dramatic move to unearth the mountain of undeclared wealth hidden in Pakistan’s shadow economy, the Federal Board of Revenue (FBR) is preparing a mega increase in rewards for whistleblowers, transforming them into a new front-line force in the battle against tax evasion.
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FBR crosses 8 million mark of active taxpayers
Islamabad, September 22, 2025 – The Federal Board of Revenue (FBR) has achieved a major milestone by crossing the figure of 8 million active taxpayers.
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Banks face Rs1 trillion withdrawal in just two months
Karachi, September 22, 2025 – Commercial banks in Pakistan have experienced a sharp outflow of deposits, as more than Rs1 trillion was withdrawn by customers during July and August, the first two months of the current fiscal year 2025-26.
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RTO-1 Karachi raids famous retail chain for suspected tax evasion
Karachi, September 22, 2025 – The Regional Tax Office (RTO)-1 Karachi carried out a surprise raid on the headquarters of a well-known retail chain over suspicions of large-scale sales tax evasion. The action reflects the Federal Board of Revenue’s (FBR) strict stance on tax compliance and its growing focus on the retail sector.
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FBR Examines Foreign Assets of Leading Media House
Islamabad, September 22, 2025 – The Federal Board of Revenue (FBR) has initiated a detailed probe into the tax affairs of a prominent media house in Pakistan. The move signals the government’s intent to closely monitor businesses with overseas engagements and ensure compliance with international reporting standards.
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How to Get 2025 Return Filing Deadline Extension
Karachi, September 22, 2025 – With only one week left before the September 30 deadline for filing annual income tax returns for the year 2025, many taxpayers are concerned about meeting the requirement. If you think you may miss the deadline, the law provides a way to apply for an extension.
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