Karachi, June 1, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has extended its full support for the Faceless Customs Assessment (FCA) system and has urged the federal government to accelerate its expansion across all ports and customs stations in Pakistan.
(more…)Author: Shahnawaz Akhter
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FBR records 168% growth in CGT collection amid PSX boom
Karachi, June 1, 2025 – The Federal Board of Revenue (FBR) has reported an exceptional 168% surge in Capital Gain Tax (CGT) collection from the disposal of securities during the first 10 months (July–April) of the fiscal year 2024–25.
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ICAP recommends WHT on royalty payments to local recipients
Karachi, June 1, 2025 – The Institute of Chartered Accountants of Pakistan (ICAP) has proposed the introduction of a structured withholding tax (WHT) mechanism on royalty payments made to resident individuals and entities.
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Pakistani rupee expected to stay stable ahead of Budget 2025-26
Karachi, June 1, 2025 – The Pakistani rupee is likely to maintain its current stability against the US dollar in the days leading up to the presentation of the Budget 2025-26, which is scheduled for June 10.
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PTBA seeks deadline extension for corporate taxpayer integration
Karachi, May 31, 2025 – The Pakistan Tax Bar Association (PTBA) has formally requested the Federal Board of Revenue (FBR) to extend the deadline for corporate taxpayers to complete their integration with the FBR’s electronic system. The current deadline is set to expire on June 1, 2025.
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Only IMF-approved 2025-26 budget to be presented by Pakistan
Islamabad, May 31, 2025 – Pakistan is set to present its national budget for the fiscal year 2025-26 on June 10, 2025 in strict accordance with the conditions agreed upon with the International Monetary Fund (IMF). This move comes as part of the commitments under the Extended Fund Facility (EFF), which aims to stabilize the country’s economy and ensure long-term fiscal discipline.
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ICAP suggests banking transaction monitoring for tax broadening
Karachi, May 31, 2025 – The Institute of Chartered Accountants of Pakistan (ICAP) has urged the Federal Board of Revenue (FBR) to intensify monitoring of high-value banking transactions as a core strategy for the broadening of the tax base.
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FBR mulls making NTN registration mandatory for informal sectors
Karachi, May 31, 2025 – The Federal Board of Revenue (FBR) is considering to implement mandatory NTN registration for Pakistan’s informal economic sectors as in the budget for fiscal year 2025–26.
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KSE-100 index surges 7.5% in May on policy easing, IMF support
Karachi, May 31, 2025 – The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) posted a strong performance in May 2025, gaining 7.5% on a month-on-month (MoM) basis, according to a report by Topline Securities Limited.
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FBR sees 19% growth in May tax collection but falls short of target
Karachi, May 31, 2025 – The Federal Board of Revenue (FBR) recorded a notable 19% year-on-year increase in tax collection for May 2025, though it fell short of meeting its monthly target, according to a report by Arif Habib Limited.
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