Islamabad, October 17, 2025 – The Federal Board of Revenue (FBR) is gearing up to launch IRIS 3.0, a next-generation digital tax platform aimed at simplifying tax return filing through pre-filled data, automated workflows, and enhanced user experience.
(more…)Author: Shahnawaz Akhter
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Religious reservations limit banking participation: SBP report
Karachi, October 17, 2025 – The State Bank of Pakistan (SBP) has highlighted that religious concerns about interest-based banking continue to significantly impact both credit demand and deposit mobilization across the country.
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Karachi Customs seeks FBR clarification on FATA/PATA imports
Karachi, October 17, 2025 – The Collectorate of Customs Appraisement (East) has officially approached the Federal Board of Revenue (FBR) seeking policy clarification regarding the clearance of goods related to FATA and PATA through the Karachi port under home consumption procedures, following the Peshawar High Court’s recent orders.
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Billions vanish in FATA PATA tax scam: FBR accused of turning a blind eye
Karachi, October 17, 2025 — In a shocking revelation that has sent tremors through Pakistan’s financial corridors, a powerful representation submitted to the Chairman of the Federal Board of Revenue (FBR) has exposed what appears to be a multi-billion-rupee tax scam exploiting the FATA/PATA import concessions.
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SBP projects FY26 GDP growth at 4.25%, releases annual report
Karachi, October 16, 2025 – The State Bank of Pakistan (SBP) has released its Annual Report on the State of Pakistan’s Economy for the fiscal year 2024–25, projecting the country’s GDP growth between 3.25% and 4.25% for FY2025–26. The central bank also anticipates inflation to average around 7% during the current fiscal year.
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Industry urges PM Shehbaz to freeze controversial gas levy
Karachi, October 16, 2025 — The Karachi Chamber of Commerce & Industry (KCCI), along with representatives from all seven industrial town associations and textile exporters’ bodies, has strongly urged Prime Minister Shehbaz Sharif to immediately freeze the controversial gas levy that has triggered widespread outrage among industries.
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FBR negligence over 2025 manual return form exposed
Islamabad, October 16, 2025 – The Federal Board of Revenue (FBR) has come under sharp criticism for its failure to issue the manual income tax return form for the Tax Year 2025, exposing what many describe as a new “hallmark of negligence” within the tax authority.
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Pakistan suspends Afghan transit trade amid border unrest
Karachi, October 16, 2025 – Pakistan has suspended Afghan transit trade operations with immediate effect amid escalating unrest along the Pak-Afghan border, according to an official notification issued by the Directorate of Transit Trade, a division of the Federal Board of Revenue (FBR).
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Two customs intelligence officers face major penalty over bribery allegations
Islamabad, October 16, 2025 – The Federal Board of Revenue (FBR) has imposed major penalties on two officers of the Directorate of Intelligence and Investigation (Customs), Karachi, following disciplinary proceedings involving allegations of inefficiency, misconduct, and corruption.
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FBR dismisses preventive officer over seized car theft case
Karachi, October 15, 2025 — The Federal Board of Revenue (FBR) has dismissed a preventive officer from service after an internal inquiry found him guilty of negligence and misconduct in a seized car theft case.
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