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Author: Shahnawaz Akhter

Tax Return Filing

FBR sparks controversy with abrupt ban on manual tax return filing

November 10, 2025November 10, 2025Shahnawaz Akhter

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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Tax Budget

FBR reports strong enforcement gains in income tax collection FY2024-25

November 10, 2025November 9, 2025Shahnawaz Akhter

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 - Taxation

FBR boosts business confidence with Rs493 billion refunds in FY2024-25

November 10, 2025November 9, 2025Shahnawaz Akhter

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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PBC Proposals

CRA Announces Key Filing and Payment Deadlines for 2025 Taxes

November 8, 2025November 8, 2025Shahnawaz Akhter

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 Photo

KCCI and FPCCI Unite to Revive Pakistan’s Economy

November 7, 2025November 7, 2025Shahnawaz Akhter

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 Prices in Pakistan increase decrease

Petroleum Levy Continues to Squeeze Citizens Under Five-Year IMF-Backed Plan

November 7, 2025November 7, 2025Shahnawaz Akhter

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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FBR Image 01 New

Jackpot for FBR: Law Changes Drive 23% Surge in Export Tax Collection

November 7, 2025November 6, 2025Shahnawaz Akhter

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 customs

Pakistan issues customs rules for barter trade with Russia, Iran, and Afghanistan

November 6, 2025November 5, 2025Shahnawaz Akhter

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 Building

FBR excluded from next year’s federal budget amid major policy shift: Aurangzeb

November 5, 2025November 5, 2025Shahnawaz Akhter

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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SBP launches ‘InvestPak’ digital portal to boost investments in government securities

November 5, 2025November 5, 2025Shahnawaz Akhter

Karachi, November 5, 2025 – In a major step toward digitizing Pakistan’s financial ecosystem, the State Bank of Pakistan (SBP) has launched ‘InvestPak’, an innovative web portal designed to simplify and modernize investments in government securities for both individual and corporate investors.

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