Karachi, November 10, 2025 – The Banking Mohtasib (Ombudsman) of Pakistan has provided significant relief of Rs1.46 billion to banking customers by resolving more than 28,700 complaints during the first ten months of 2025, from January 1 to October 31.
(more…)Author: Shahnawaz Akhter
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FBR sparks controversy with abrupt ban on manual tax return filing
Karachi, November 10, 2025 – The Federal Board of Revenue (FBR) has ignited a storm in the tax community by issuing SRO 2107(I)/2025, officially ending manual filing of income tax returns for the current year.
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FBR reports strong enforcement gains in income tax collection FY2024-25
Islamabad, November 9, 2025 – The Federal Board of Revenue (FBR) has released a disaggregated analysis of income tax components for FY2024-25, showing marked improvement in enforcement efforts by field offices.
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FBR boosts business confidence with Rs493 billion refunds in FY2024-25
Islamabad, November 9, 2025 – The Federal Board of Revenue (FBR) has reaffirmed its commitment to fostering a business-friendly environment and enhancing revenue generation by ensuring swift processing of refunds and rebates for businesses across Pakistan.
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CRA Announces Key Filing and Payment Deadlines for 2025 Taxes
The Canada Revenue Agency (CRA) has officially released the key filing and payment deadlines for the 2025 tax year, helping Canadians prepare ahead for the upcoming tax season.
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KCCI and FPCCI Unite to Revive Pakistan’s Economy
Karachi, November 7, 2025 – In a landmark show of unity, the Karachi Chamber of Commerce & Industry (KCCI) and the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) have pledged to work together for Pakistan’s economic revival and long-term stability.
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Petroleum Levy Continues to Squeeze Citizens Under Five-Year IMF-Backed Plan
Islamabad, November 7, 2025 — Pakistanis are bracing for yet another financial hit as the federal government plans a sharp increase in the petroleum levy over the next five years — a move designed to meet IMF-backed revenue targets but likely to further strain consumers already battling inflation.
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Jackpot for FBR: Law Changes Drive 23% Surge in Export Tax Collection
Islamabad, November 6, 2025 — It’s a jackpot moment for the Federal Board of Revenue (FBR)! Thanks to recent tax law changes, the authority has recorded a remarkable 23% jump in withholding tax collection from exports during the fiscal year 2024–25, signaling stronger revenue performance and improved compliance.
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Pakistan issues customs rules for barter trade with Russia, Iran, and Afghanistan
Karachi, November 5, 2025 – The Government of Pakistan has officially notified the customs clearance procedure for barter trade with Russia, Iran, and Afghanistan, marking a significant development in the country’s regional trade framework.
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FBR excluded from next year’s federal budget amid major policy shift: Aurangzeb
Karachi, November 5, 2025 – In a landmark reform move, Finance Minister Muhammad Aurangzeb announced on Wednesday that the Federal Board of Revenue (FBR) will not prepare next year’s federal budget, marking a major policy shift toward institutionalizing fiscal stability and long-term economic planning.
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