Islamabad, July 6, 2025 – The Federal Board of Revenue (FBR) has officially notified the imposition of sales tax on property development services within the Islamabad Capital Territory (ICT) for the fiscal year 2025–26.
(more…)Author: Shahnawaz Akhter
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Pakistan’s export share rises in US market, slips with China
Islamabad, July 6, 2025 – Pakistan’s export landscape is shifting—and the numbers tell an interesting story. According to the Economic Survey of Pakistan for FY 2024-25, the country’s export share to the United States has grown, while it has declined with China.
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Premium prize bonds annual investment soars by 20%
Karachi, July 5, 2025 – Investment in premium prize bonds has witnessed a robust 20% surge during the 12-month period ending in May 2025, according to the latest data released by the State Bank of Pakistan (SBP).
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Sindh notifies Rs40,000 minimum wage for 2025-26
Karachi, July 5, 2025 – In a significant move to uplift the standard of living of laborers, the Sindh government has officially notified the implementation of new minimum wage rates, setting the monthly wage at Rs40,000 for unskilled adult and adolescent workers. This decision aims to ensure fair compensation and improve labor conditions across the province.
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Sindh adopts UN classification for services tax framework
Karachi, July 5, 2025 – In a major step toward aligning its tax practices with international standards, the Sindh Revenue Board (SRB) has officially adopted the Central Product Classification (CPC) Version 2.1 developed by the United Nations (UN) for the classification of services under the Sindh Sales Tax on Services Act, 2011.
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Islamabad cuts sales tax on freight services for 2025-26
Islamabad, July 5, 2025 – In a bold and business-boosting decision, Islamabad has rolled out a major concession for the logistics industry, slashing the sales tax rate on freight forwarding services as part of its fiscal reforms for 2025–26.
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Islamabad beauty parlors get glamorous tax relief
Islamabad, July 5, 2025 – In a dazzling move set to bring smiles across the beauty industry, the Federal Board of Revenue (FBR) has slashed the sales tax rate for beauty parlors operating in the heart of Pakistan—Islamabad.
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Tax login trouble: KCCI flags QR code flaws
Karachi, July 4, 2025 — The Karachi Chamber of Commerce and Industry (KCCI) has raised serious concerns over the new QR code authentication system introduced by the Federal Board of Revenue (FBR) for accessing the IRIS portal.
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KSE-100’s record-breaking rally continues, eyes 132K milestone
Karachi, July 4, 2025 – The KSE-100 index of the Pakistan Stock Exchange (PSX) continued its record-breaking ascent on Friday, closing at a historic all-time high of 131,949 points, just shy of the symbolic 132,000 mark. This marks another milestone in the index’s impressive rally, fueled by institutional interest and renewed investor confidence.
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FBR grants tax breaks to overseas Pakistanis on property deals
Islamabad, July 4, 2025 – Are you an overseas Pakistani planning to buy or sell property in Pakistan? Here’s great news — the Federal Board of Revenue (FBR) has officially announced a generous tax concession that could save you a substantial amount on your real estate deals!
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