Karachi, December 11, 2025: The State Bank of Pakistan (SBP) has received approximately $1.2 billion from the International Monetary Fund (IMF) under its Extended Fund Facility (EFF) and Resilience and Sustainability Facility (RSF) programs, the central bank said on Thursday.
(more…)Author: Shahnawaz Akhter
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KCCI urges SBP to cut policy rate by 1% as inflation softens
Karachi, December 10, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has called on the State Bank of Pakistan (SBP) to lower the benchmark policy rate by 1 percentage point, citing a noticeable decline in inflation and improved macroeconomic conditions.
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FBR introduces new valuation method for steel products to collect sales tax
Karachi, December 10, 2025 – The Federal Board of Revenue (FBR) has announced a revised valuation mechanism for steel products to streamline and enhance sales tax collection across the steel sector. The updated valuation method was formally notified through SRO 2402(I)/2025, issued on Wednesday.
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LTO Karachi begins monitoring foreign assets of high net-worth individuals
Karachi, December 10, 2025 – The Large Taxpayers Office (LTO) Karachi has initiated the assessment and monitoring of foreign assets belonging to several high net-worth individuals, following directives issued by the Federal Board of Revenue (FBR).
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FBR sets December 31 deadline for corporate return filing for tax year 2025
Karachi, December 10, 2025 – The Federal Board of Revenue (FBR) has officially announced December 31, 2025 as the last date for corporate entities to file their annual income tax returns for Tax Year 2025. The tax authority has reminded companies to ensure timely filing in compliance with the Income Tax Ordinance, 2001.
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FBR clarifies tax treatment of gains on disposal of assets outside Pakistan
Islamabad, December 10, 2025 – The Federal Board of Revenue (FBR) has provided detailed guidance on the tax treatment of gains from disposal of assets outside Pakistan under Section 101A of the Income Tax Ordinance, 2001.
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FBR explains geographical source of income for tax year 2026
Islamabad, December 10, 2025 – The Federal Board of Revenue (FBR) has provided a comprehensive explanation on what constitutes Pakistan-source income for Tax Year 2026 under Section 101 of the Income Tax Ordinance, 2001.
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Pakistan records 9.34% rise in workers’ remittances in 5MFY26
Karachi, December 9, 2025 – The State Bank of Pakistan (SBP) reported a notable surge in workers’ remittances, which increased by 9.34% during the first five months (July–November) of the current fiscal year 2025-26.
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FBR notifies fresh property valuation tables for Islamabad, issues SRO 2392(I)/2025
Islamabad, December 9, 2025 — The Federal Board of Revenue (FBR) has officially notified new property valuation tables for Islamabad through SRO 2392(I)/2025, dated December 8, 2025, bringing an end to the previous valuation framework introduced in July 2022.
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Return filers traumatized by compliance messages, FBR issues clarification
Islamabad, December 8, 2025 – A wave of confusion spread among return filers on Monday after many taxpayers unexpectedly received SMS reminders urging them to file their income tax returns for Tax Year 2025, despite having already filed before the deadline.
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