Karachi, July 10, 2025 – The Federal Board of Revenue (FBR) has launched a targeted initiative to monitor and document the activities of vendors operating on online marketplace platforms, aiming to bring more e-commerce participants into the tax net.
(more…)Author: Shahnawaz Akhter
-
Pakistan receives all-time high $38.3 billion in remittances
Karachi, July 9, 2025 – Pakistan has achieved a major milestone by receiving an all-time high of $38.3 billion in remittances during the fiscal year 2024–25, according to data released by the State Bank of Pakistan (SBP) on Wednesday.
(more…) -
FBR grants big tax relief on Import of 0.5MMT sugar
Islamabad, July 9, 2025 – The Federal Board of Revenue (FBR) has granted sweeping tax exemptions and concessions on the import of 0.5 million metric tons (MMT) of white crystalline sugar, aimed at stabilizing domestic supply and curbing rising prices.
(more…) -
Bank Accounts Now Mandatory for 2025 Tax Return Filing
Karachi, July 9, 2025 – Planning to file your income tax return for Tax Year 2025? Get ready – because this time, having a bank account is no longer optional. The Federal Board of Revenue (FBR) has made it mandatory for salaried individuals to declare their bank accounts while filing their income tax return.
(more…) -
Lawmakers stall harsh rules on ineligible with hidden law trick
Islamabad, July 9, 2025 — In a dramatic turn of events, the much-publicized law to impose economic restrictions on ineligible persons has been quietly altered through a seemingly subtle clause—raising serious concerns over the intent and timing of its enforcement.
(more…) -
Business community rises against FBR’s arrest powers
Multan, July 9, 2025 — A thunderous wave of resistance is sweeping across Pakistan as the business community unites in fierce opposition to the sweeping arrest and investigation powers granted to the Federal Board of Revenue (FBR) through the controversial Finance Act, 2025.
(more…) -
FBR unveils simplified 2025 tax return form for salaried individuals
Islamabad – July 8, 2025: In a move set to ease the tax filing burden on millions of employees, the Federal Board of Revenue (FBR) has launched a simplified income tax return form exclusively for salaried individuals for Tax Year 2025.
(more…) -
FBR drops tax bomb on property sellers in FY26
Islamabad, July 8, 2025 – In a bold fiscal strike that has sent shockwaves across Pakistan’s real estate market, the Federal Board of Revenue (FBR) has enforced enhanced advance tax rates on the sales and transfers of immovable property, effective July 1, 2025.
(more…) -
Govt eyes Rs5.57 trillion borrowing via Q1 auctions
Karachi, July 8, 2025 – The federal government is set to raise a record Rs5.57 trillion through borrowing via auctions of government securities during the first quarter (July–September) of the fiscal year 2025-26, as part of its ongoing efforts to manage the budget deficit and fund public expenditure.
(more…) -
FBR sets income tax return filing deadlines for TY2025
Karachi, July 8, 2025 — The Federal Board of Revenue (FBR) has officially announced the deadlines for filing income tax returns for Tax Year (TY) 2025. However, a growing wave of concern is emerging among taxpayers due to the FBR’s failure to release the necessary return forms—putting millions at risk of missing crucial deadlines.
(more…)