Sargodha, June 15, 2025 – The Sargodha Tax Bar Association (STBA) has strongly condemned the recent remarks made by Finance Minister Muhammad Aurangzeb during his budget speech, in which he suggested that taxpayers would no longer need the services of lawyers or tax practitioners to file their returns.
(more…)Author: Shahnawaz Akhter
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Rupee expected to weaken further against dollar this week
Karachi, June 15, 2025 — The Pakistani rupee is expected to come under further pressure against the US dollar in the coming weeks, primarily due to rising foreign exchange demand from importers and corporates amid elevated geopolitical risks and energy prices.
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Langrial defends FBR’s arrest powers in tax fraud crackdown
ISLAMABAD, June 15, 2025 — In a heated debate over the Finance Bill, 2025, Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial came out strongly in defense of the proposed amendments granting FBR sweeping powers to arrest individuals involved in tax fraud.
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Finance Bill 2025: tempered vehicles to be declared as smuggled
ISLAMABAD, June 15, 2025 — In a bold crackdown on illicit auto trade, the Federal Board of Revenue (FBR) has introduced a major reform in the Finance Bill, 2025, declaring that all tempered vehicles—regardless of their registration status—will now be treated as smuggled vehicles.
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FBR distributes Honda Cars amid firestorm of controversy
KARACHI, June 15, 2025 — In a sensational move that’s ignited a storm of public outrage, the Federal Board of Revenue (FBR) has officially begun the distribution of Honda City 1.2L cars to its officers, despite widespread criticism and serious allegations swirling around the procurement process.
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FBR empowered to deny or limit input tax adjustment
Karachi, June 15, 2025 – The Federal Board of Revenue (FBR) has been granted enhanced powers to deny or restrict input tax adjustment under the Finance Bill, 2025.
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FBR gets sweeping powers to access internet user data
Karachi, June 14, 2025 – In a move aimed at curbing sales tax fraud, the Federal Board of Revenue (FBR) has been granted extensive powers to access the personal data of internet users.
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KCCI slams federal, provincial budgets for ignoring Karachi
Karachi, June 14, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has expressed deep disappointment over what it calls the continued neglect of Karachi in both the federal and Sindh provincial budgets for the fiscal year 2025–26.
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Sialkot Chamber urges restoration of FTR for exporters
Sialkot, June 14, 2025 – The Sialkot Chamber of Commerce and Industry (SCCI) has strongly urged the federal government to restore the Final Tax Regime (FTR) for exporters and incorporate this demand into the upcoming Finance Act, 2025.
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2025-26 budget incorporates several ICMAP proposals
Karachi, June 14, 2025 – The Institute of Cost and Management Accountants of Pakistan (ICMAP) has lauded the federal government for integrating several of its key recommendations in the newly unveiled budget for the fiscal year 2025-26.
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