Karachi, July 1, 2025 – In a remarkable financial triumph, the Sindh Revenue Board (SRB) has shattered all previous records by achieving its highest-ever monthly tax collection, raking in a staggering Rs40.5 billion in June 2025.
(more…)Author: Shahnawaz Akhter
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FBR imposes additional customs duty for FY2025-26
Islamabad, July 1, 2025 – In a significant fiscal measure aimed at strengthening domestic industries and regulating imports, the Federal Board of Revenue (FBR) has issued SRO 1151(I)/2025, dated June 30, 2025, to impose additional customs duty on a wide range of imported goods for the fiscal year 2025–26.
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FBR Notifies Regulatory Duty Chart for FY 2025-26
Islamabad, July 1, 2025 – The Federal Board of Revenue (FBR) has officially notified the regulatory duty (RD) rates applicable for the fiscal year 2025–26, effective from July 1, 2025.
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Finance Act 2025: Major Amendments to Customs Duty
Islamabad, July 1, 2025 – The National Assembly has officially passed the Finance Act 2025, incorporating key changes to the customs duty regime of Pakistan as proposed earlier through the Finance Bill 2025.
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Finance Act 2025 –Highlights of Key Changes to Sales Tax
Islamabad, July 1, 2025 – The National Assembly of Pakistan has formally passed the Finance Act 2025, incorporating several pivotal amendments to the Sales Tax Act, 1990, as proposed earlier in the Finance Bill 2025.
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Finance Act 2025 – Highlights of Changes to Income Tax
The National Assembly has officially passed the Finance Act 2025, marking a pivotal shift in Pakistan’s income tax regime with wide-ranging amendments that will reshape fiscal compliance and broaden the tax base.
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After Decades, FBR Crosses 10% Tax-to-GDP Milestone
Islamabad, July 1, 2025 – In a landmark achievement that signals a turning point in Pakistan’s fiscal journey, the Federal Board of Revenue (FBR) has finally shattered a decades-old barrier by securing a double-digit tax-to-GDP ratio for the fiscal year 2024-25 — a feat last witnessed generations ago.
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LTO Karachi shatters all records with Rs3.27 trillion tax collection
KARACHI, July 1, 2025 — In a groundbreaking fiscal triumph, the Large Taxpayers Office (LTO) Karachi has shattered all previous records by amassing an unprecedented Rs3.27 trillion in tax collection during the financial year 2024–25 — a feat that is being hailed as a watershed moment in Pakistan’s taxation history.
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FBR bars India, Israel from global services procurement process
Karachi, July 1, 2025 — The Federal Board of Revenue (FBR) has officially declared India and Israel ineligible to participate in its ongoing international procurement process for audit-related services, reaffirming compliance with Pakistan’s federal policy directives.
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KSE-100 index skyrockets 60% in FY25, crowned global equity
Karachi, June 30, 2025 – The Pakistan Stock Exchange (PSX) has delivered a jaw-dropping performance in fiscal year 2024-25, as the benchmark KSE-100 index skyrocketed by an unprecedented 60% in local currency terms.
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