Karachi, September 12, 2025 – The Federal Board of Revenue (FBR) has accelerated efforts to roll out its flagship Cargo Tracking System (CTS), a digital initiative aimed at boosting revenue, curbing smuggling, and improving trade documentation.
(more…)Author: Shahnawaz Akhter
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FBR faces backlash over return filing chaos
Lahore, September 12, 2025 – The Federal Board of Revenue (FBR) has landed in hot water after a wave of criticism erupted over persistent glitches in the return filing system.
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SBP sets timelines for export payment realization
Karachi, September 12, 2025 – The State Bank of Pakistan (SBP) has introduced detailed timelines for the realization of export proceeds, aiming to bring clarity and discipline to foreign trade transactions.
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REIT schemes secure Rs75 billion tax exemption in TY2024
Islamabad, September 11, 2025 – Real Estate Investment Trust (REIT) schemes in Pakistan availed a record Rs75.55 billion in income tax exemptions during the tax year 2024, according to the latest report issued by the Federal Board of Revenue (FBR).
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FBR grants Rs17 billion tax exemption to EOBI income
Karachi, September 11, 2025 – The Federal Board of Revenue (FBR) has provided significant relief to the Employees Old Age Benefits Institution (EOBI) by granting a tax exemption worth Rs17 billion on its income for the tax year 2024.
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No tax on agricultural income under Section 41 of Tax Ordinance
Islamabad, September 11, 2025 – Pakistan’s tax laws provide a clear exemption for earnings derived from agriculture, a major sector of the national economy. Section 41 of the Income Tax Ordinance, 2001, explicitly states that agricultural income is exempt from federal taxation, underscoring the government’s recognition of agriculture as a protected source of livelihood.
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Unlocking other income sources in Pakistan’s tax framework
Islamabad, September 11, 2025 – The Federal Board of Revenue (FBR) has issued the latest version of the Income Tax Ordinance, 2001, reflecting amendments introduced through the Finance Act, 2025.
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Six-year record retention must under sales tax laws
Islamabad, September 11, 2025 – The Federal Board of Revenue (FBR) has released the updated version of the Sales Tax Act, 1990, incorporating all amendments introduced through the Finance Act, 2025.
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Govt collects sales tax as PDL on petroleum products: FBR
Islamabad, September 11, 2025 – The Federal Board of Revenue (FBR) has clarified reports suggesting that the government had granted a blanket sales tax exemption on petroleum products.
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FBR showcases transformation plan to leading business forums
Islamabad, September 11, 2025 – The Federal Board of Revenue (FBR) recently convened an important session with the Overseas Investors Chamber of Commerce and Industry (OICCI) and the Pakistan Business Council (PBC).
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