Karachi, July 4, 2025 – In a historic move that’s sending shockwaves through financial and business circles, the Federal Board of Revenue (FBR) has announced that Pakistan’s Active Taxpayers List (ATL) has skyrocketed to an all-time high of 7.27 million!
(more…)Author: Shahnawaz Akhter
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Taxpayers in Panic as FBR Delays 2025 Return Forms
As the new fiscal season kicks off, taxpayers across Pakistan are growing increasingly restless, wondering when the Federal Board of Revenue (FBR) will release the much-anticipated income tax return forms for Tax Year 2025 (TY2025).
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Pakistan’s forex reserves cross $18 billion mark amid strong inflows
Karachi, July 3, 2025 – Pakistan’s foreign exchange (forex) reserves have surged past the $18 billion mark, signaling renewed confidence in the country’s external position.
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KSE-100 Index hits all-time high amid volatile trading
Karachi, July 3, 2025 – The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) soared to a historic new high on Thursday, despite enduring a wildly volatile trading session that kept investors on edge throughout the day.
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BML unveils major corporate developments in landmark disclosure
Karachi, July 3, 2025 – In a significant step towards enhancing transparency and reaffirming investor confidence, Bank Makramah Limited (BML) on Thursday disclosed vital corporate developments to the Pakistan Stock Exchange (PSX), outlining major financial transactions and strategic initiatives.
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KCCI roars against draconian laws: demands relief for taxpayers
Karachi, July 3, 2025 — In an explosive press conference that sent shockwaves through Pakistan’s business circles, the Karachi Chamber of Commerce and Industry (KCCI) launched a scathing attack on the government’s newly enacted Sections 37A and 37B of the Sales Tax Act, 1990, calling them “draconian” and a direct assault on law-abiding taxpayers.
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Sindh brings major changes to Motor Vehicles Act, 1939
Karachi, July 3, 2025 — Big changes are underway for vehicle owners in Sindh as the provincial government has officially updated the Motor Vehicles Act, 1939 through the recently approved Finance Act, 2025.
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Planning Construction in Islamabad? Know the Tax Rules
Islamabad, July 3, 2025 — Thinking about starting a new construction project in Islamabad this year? Whether you’re building a home, launching a commercial site, or developing an apartment complex, make sure you understand the latest construction tax rate before you break ground.
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FBR Can Now See Your Internet History — Even If You Delete It!
Islamabad, July 3, 2025 — In a jaw-dropping expansion of surveillance powers, the Federal Board of Revenue (FBR) has been granted unprecedented access to your internet browsing history — even if you’ve cleared your cache or wiped your device clean.
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Sections 37A, 37B: Tax Fraud on Trial
Islamabad, July 3, 2025 — Pakistan’s tax enforcement regime just entered a whole new territory, and the business community is on edge. With the implementation of Sections 37A and 37B of the Sales Tax Act, 1990 — introduced via the Finance Act, 2025 — the government has signaled zero tolerance for tax fraud.
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