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Author: Shahnawaz Akhter

karachi customs agents

KCAA confirms container backlog cleared at Karachi International Container Terminal

November 19, 2025November 19, 2025Shahnawaz Akhter

Karachi, November 19, 2025: The Karachi Customs Agents Association (KCAA) on Wednesday confirmed that the recent backlog of containers at the Karachi International Container Terminal (KICT) has been successfully cleared, restoring normal operations at the busy port.

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KTBA Bar

Builders, developers unable to download tax return evidence: KTBA highlights IRIS glitch

November 19, 2025November 19, 2025Shahnawaz Akhter

Karachi, November 19, 2025: The Karachi Tax Bar Association (KTBA) on Wednesday raised concerns over a technical issue preventing builders and developers from downloading a PDF copy of their 2025 income tax returns filed via the FBR’s IRIS portal.

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Federation of Pakistan Chambers

FPCCI applauds FBR’s measures to streamline Karachi port cargo operations

November 19, 2025November 19, 2025Shahnawaz Akhter

Karachi, November 19, 2025: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Wednesday lauded the Federal Board of Revenue’s (FBR) proactive efforts to remove operational bottlenecks at Karachi port terminals, aiming to enhance trade efficiency and facilitate smoother cargo movement.

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FBR Pakistan Karachi

FBR tightens grip on retailers with advanced video surveillance

November 19, 2025November 19, 2025Shahnawaz Akhter

Karachi, November 19, 2025 – In a groundbreaking move to clamp down on tax evasion, the Federal Board of Revenue (FBR) is rolling out high-tech video surveillance across retail outlets and manufacturing units, aiming to track sales, purchases, and production processes in real time.

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LTO Karachi

FBR hands KCCI tax assessment to LTO Karachi in major move

November 19, 2025November 19, 2025Shahnawaz Akhter

Karachi, November 19, 2025 – In a bold move signaling tighter scrutiny on Pakistan’s business elite, the Federal Board of Revenue (FBR) has transferred the high-profile tax assessment case of the Karachi Chamber of Commerce and Industry (KCCI) to the Large Taxpayers Office (LTO) Karachi.

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FBR White

FBR issues draft insurance guarantee format for export facilitation scheme

November 18, 2025November 18, 2025Shahnawaz Akhter

Islamabad, November 18, 2025 – The Federal Board of Revenue (FBR) has released a detailed draft of the insurance guarantee format required under Pakistan’s Export Facilitation Scheme (EFS), originally notified through SRO 957(I)/2021.

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FBR Image 01 New

FBR imposes penalties for 2025 wealth statement non-submission

November 18, 2025November 18, 2025Shahnawaz Akhter

Karachi, November 18, 2025 – The Federal Board of Revenue (FBR) has announced penalties for taxpayers who fail to submit their wealth statements for the tax year 2025.

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Torkham

Pakistan mandates 100% X-ray scanning for all Afghan transit trade cargo (ATT)

November 17, 2025November 17, 2025Shahnawaz Akhter

Islamabad, November 17, 2025 – In a significant move to enhance supply chain security and mitigate elevated security risks, Pakistan has mandated 100% Non-Intrusive Inspection (NII) scanning for all consignments under the Afghan Transit Trade (ATT) regime.

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foreign investment

Pakistan’s FDI falls 26% in first four months of FY26

November 17, 2025May 6, 2026Shahnawaz Akhter

Karachi, November 17, 2025 – Pakistan has recorded a significant 26% decline in foreign direct investment (FDI) during the first four months of fiscal year 2025-26, according to fresh data released by the State Bank of Pakistan (SBP) on Monday.

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Pakistan’s current account deficit surges 255% in first four months of FY26

November 17, 2025November 17, 2025Shahnawaz Akhter

Karachi, November 17, 2025 – Pakistan’s current account deficit (CAD) has widened sharply by 255% during the first four months of fiscal year 2025-26, compared to the same period last year, according to the latest Balance of Payments data released by the State Bank of Pakistan (SBP) on Monday.

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  • KTBA highlights FBR portal hurdles in declaring business bank accounts
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