Karachi, June 14, 2025 – In a major policy shift, the Federal Board of Revenue (FBR) has proposed that cases involving sales tax fraud will now be adjudicated by special judges, rather than by FBR officers.
(more…)Author: Shahnawaz Akhter
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Sindh sets Rs388 billion tax collection target for SRB in FY26
Karachi, June 14, 2025 – The Sindh government has set an ambitious tax collection target of Rs388 billion for the Sindh Revenue Board (SRB) for the fiscal year 2025-26, marking a significant increase of around 20 percent from the previous year.
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UNISAME voices strong disappointment over budget 2025-26
Karachi, June 14, 2025 – The Union of Small and Medium Enterprises (UNISAME) has expressed deep disappointment over the recently announced fiscal budget 2025-26, stating that the government’s measures are discouraging, regressive, and detrimental to the growth of the SME sector.
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Sindh announces salary and pension hike in 2025–26 budget
Karachi, June 13, 2025 – The Government of Sindh on Friday presented the provincial budget for the fiscal year 2025–26, unveiling a comprehensive package of relief measures for government employees and pensioners amid ongoing inflationary pressures. Key highlights of the budget include increases in both salary and pension, reaffirming the provincial government’s commitment to employee welfare and financial equity.
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Sindh sets Rs520 billion ADP for 2025–26
Karachi, June 13, 2025 – The Government of Sindh has announced a Rs520 billion allocation for its Annual Development Plan (ADP) for the fiscal year 2025–26, aiming to strike a careful balance between financial discipline and strategic development priorities.
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Sindh unveils Rs3.45 trillion deficit budget for FY 2025-26
Karachi, June 13, 2025 – The Sindh government, led by Chief Minister Syed Murad Ali Shah, on Friday presented a record-breaking and ambitious budget for the fiscal year 2025-26 with a total outlay of Rs3.45 trillion.
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KSE-100 Index plunges 1,950 points amid Israel-Iran conflict
Karachi, June 13, 2025 — The Pakistan Stock Exchange (PSX) witnessed a steep decline on Friday as the benchmark KSE-100 index tumbled by a massive 1,950 points, amid heightened geopolitical tensions following Israel’s military action against Iran.
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PSO reveals alarming scale of petroleum smuggling
KARACHI, June 13, 2025 — Pakistan State Oil (PSO) has raised serious concerns over the large-scale smuggling of petroleum products into the country, estimating the volume at a staggering 1,500 to 6,000 tons per day.
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Sindh poised to present Rs3.45 trillion budget for 2025–26
Karachi, June 13, 2025 – The Sindh government is all set to present its much-anticipated budget for the fiscal year 2025–26 in the Sindh Assembly today, with a total proposed outlay of Rs3.45 trillion.
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FBR projects Rs56 billion revenue surge from bank deposit profits
Islamabad, June 13, 2025 — The Federal Board of Revenue (FBR) has projected an additional revenue of Rs56 billion following a significant change in the taxation of profits on bank deposits, as proposed in the Finance Bill 2025. These revisions, if approved by the National Assembly, will come into effect from July 1, 2025.
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