The Federal Board of Revenue (FBR) has emphasized that traders and businesses must clearly understand how a change in the rate of sales tax affects their transactions under the updated Sales Tax Act, 1990 for tax year 2025-26.
(more…)Author: Shahnawaz Akhter
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FBR lists goods eligible for zero-rate sales tax in FY 2025-26
The Federal Board of Revenue (FBR) has published an updated list of goods that will be subject to zero-rate sales tax during the fiscal year 2025-26. This update is part of the latest changes made to the Sales Tax Act, 1990, ensuring businesses clearly understand which items qualify for tax relief.
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SRB deploys officers for agricultural income tax collection in Sindh
Karachi, August 26, 2025 – The Sindh Revenue Board (SRB) has announced the deployment of officers across various districts to ensure efficient collection of agricultural income tax.
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Shakeel Shah takes charge as Member Customs Operations
Islamabad, August 26, 2025 – Syed Shakeel Shah, a BS-21 officer of the Pakistan Customs Service (PCS), has officially assumed the position of Member Customs Operations, according to a notification issued on Tuesday.
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Tax treatment of property income in 2025–26
ISLAMABAD, August 26, 2025 – The Federal Board of Revenue (FBR) has officially released the tax framework for property income in the upcoming tax year 2025–26, as part of the updated Income Tax Ordinance, 2001, which incorporates amendments introduced through the Finance Act, 2025.
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SCBPL reports 23% decline in net profit for 1HCY25
KARACHI, August 26, 2025 – Standard Chartered Bank (Pakistan) Limited (SCBPL) has announced its financial performance for the first half of calendar year 2025, reporting a 23% decline in net profit compared to the same period last year. The results reflect a challenging operating environment and volatility in the banking sector.
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NCCPL issues schedule for submission of liquid capital statements
KARACHI, August 26, 2025 – The National Clearing Company of Pakistan Limited (NCCPL) has released a comprehensive schedule outlining the mandatory submission process for liquid capital (LC) statements by securities brokers and professional clearing members.
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SBP opens applications for first cohort of regulatory sandbox
Karachi, August 26, 2025 – The State Bank of Pakistan (SBP) has officially invited applications for its first cohort of the Regulatory Sandbox, a key initiative designed to promote innovation in the country’s financial ecosystem.
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FBR issues tax rates on prizes and winnings for FY 2025-26
Islamabad, August 25, 2025 – The Federal Board of Revenue (FBR) has announced updated withholding tax rates on prizes and winnings for the fiscal year 2025-26.
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FBR issues withholding tax rates for exports for tax year 2025-26
Islamabad, August 25, 2025 – The Federal Board of Revenue (FBR) has released updated withholding tax rates applicable to exports for the tax year 2025-26, following recent amendments to the Income Tax Ordinance, 2001 through the Finance Act, 2025.
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