Pakistan Revenue
Karachi, November 3, 2025 – The Hub Power Company Limited (Hubco) has officially announced the Project Completion Date (PCD) for its two major Thar coal-based power ventures — Thar Energy Limited (TEL) and ThalNova Power Thar (Private) Limited (TNPTL) — achieved on October 31, 2025, as per the terms of their project financing agreements.
Continue Reading
Karachi, November 2, 2025 – The Federal Board of Revenue (FBR) has achieved a major milestone by collecting Rs237 billion in withholding income tax from property transactions during fiscal year 2024–25, reflecting a robust 19% year-on-year increase compared to Rs200 billion collected in FY2023–24.
Continue Reading
Islamabad, November 1, 2025 – Get ready, taxpayers — a massive tax storm is on the horizon! The Federal Board of Revenue (FBR) has been handed an ambitious target to almost double Pakistan’s total tax collection to a staggering Rs22 trillion by fiscal year 2029-30.
Continue Reading
Islamabad, November 1, 2025 – The Federal Board of Revenue (FBR) has revealed that cutting-edge machine learning technology is now playing a pivotal role in identifying high-risk cases for tax audits, transforming the traditional approach to compliance monitoring in Pakistan.
Continue Reading
Islamabad, November 1, 2025 – The Federal Board of Revenue (FBR) has officially released the first Active Taxpayers List (ATL) for Tax Year 2025, enabling millions of Pakistanis to verify their active taxpayer status easily through multiple platforms.
Continue Reading
Islamabad, November 1, 2025 – In a major development, the Federal Board of Revenue (FBR) has officially released the first Active Taxpayers List (ATL) for Tax Year 2025, revealing that 6.24 million taxpayers have filed their income tax returns — a number that’s raised eyebrows across financial circles.
Continue Reading
Islamabad, October 31, 2025 – The Federal Board of Revenue (FBR) officially closed the 2025 income tax return filing process on Friday, refusing to extend the deadline beyond October 31 despite a significant shortfall from active taxpayer numbers.
Continue Reading
Karachi, October 31, 2025 – The Federal Government has appointed Muhammad Amin Khan Lodhi as the Deputy Governor of the State Bank of Pakistan (SBP) for a five-year term, effective October 30, 2025, according to an official statement issued by the SBP on Friday. Mr. Lodhi assumed his responsibilities on the same day.
Continue Reading
Islamabad, October 31, 2025 – In a major breakthrough for Pakistan’s digital tax enforcement, the Federal Board of Revenue (FBR) has identified over 200 corporate cases through an Artificial Intelligence (AI)-driven audit selection system, marking a milestone in the country’s tax modernization drive.
Continue Reading
Karachi, October 31, 2025 – Mounting pressure from tax professionals and widespread outrage over persistent glitches in the Federal Board of Revenue’s (FBR) online return filing system, IRIS, have fueled strong speculation that the government may soon announce a third extension in the income tax return filing deadline for Tax Year 2025.
Continue Reading