The Federal Board of Revenue (FBR) has explained key tax definitions related to stock market transactions, aiming to help investors better understand their tax obligations, capital gains calculations, and compliance requirements.
(more…)Author: Shahnawaz Akhter
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SITE industrialists honor Lt. Col. Shahzada Gulfraz Shaheed, propose martyrs’ support fund
Karachi, February 28, 2026: The SITE Association of Industry (SAI) recently held a solemn gathering to pay tribute to Lt. Col. Shahzada Gulfraz Shaheed, who laid down his life while combating the Indian proxy group, Khwarij, in Bannu District. Industrialists and business leaders reaffirmed their commitment to supporting the Pakistan Armed Forces and ensuring that the sacrifices of martyrs are never forgotten.
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FBR faces revenue shortfall in February amid IMF review talks
Islamabad — As the International Monetary Fund (IMF) mission visits Pakistan to conclude the third review under the $7 billion Extended Fund Facility (EFF) programme, the Federal Board of Revenue (FBR) is grappling with a significant revenue shortfall in February 2026, raising concerns over the country’s fiscal targets.
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FBR tightens noose around wealthy social media influencers over tax evasion
The Federal Board of Revenue (FBR) has intensified its crackdown on high-earning social media personalities, launching enforcement action against 38 prominent YouTubers, TikTok stars, and digital influencers for alleged income concealment and unexplained wealth totaling Rs15 billion.
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FBR considers email as valid electronic address of taxpayer
Many taxpayers believe that ignoring an email from the Federal Board of Revenue (FBR) means they haven’t received a notice. Legally, this is not the case. The FBR is empowered to serve notices electronically, and emails sent to a taxpayer’s registered electronic address are considered valid under tax law.
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KCCI endorses “one-city, one-chamber” principle amid TORs debate
Karachi, February 26, 2026 – The Karachi Chamber of Commerce & Industry (KCCI) has reaffirmed its support for the principle of “one-city, one-chamber,” clarifying that the proposed Trade Organizations Rules 2013 Amendment Bill is purely clarificatory and designed to ensure unified citywide representation for Karachi.
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Pakistan’s poverty and inequality hit alarming levels, warns Khurram Ijaz
Karachi, February 25, 2026 – Khurram Ijaz, Secretary General of the Businessmen Panel Progressive (BMPP) and former vice president of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has expressed deep concern over the latest planning ministry survey, highlighting the severe economic challenges facing Pakistan.
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OICCI pushes for tax refunds and investor-friendly reforms with IMF
Karachi, February 26, 2026 – The Overseas Investors’ Chamber of Commerce and Industry (OICCI) on Thursday held detailed discussions with a visiting International Monetary Fund (IMF) delegation on pending tax refunds and key policy challenges facing foreign investors in Pakistan.
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FBR clamps down on trade fraud, strikes Rs30 billion blow
Islamabad, February 26, 2026: The Federal Board of Revenue (FBR) has detected trade fraud cases totaling Rs30.46 billion following the successful rollout of its transformation plan. According to official FBR documents, customs authorities identified 174 cases of misdeclaration and under-valuation, safeguarding Rs1.37 billion in duties and taxes.
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Foreign investors cry foul as Rs103bn in tax refunds remain stuck at FBR
Karachi: Foreign investors operating in Pakistan have strongly urged the Federal Board of Revenue (FBR) to immediately release long-pending tax refunds amounting to Rs103 billion, warning that persistent delays are causing severe liquidity constraints and disrupting business operations.
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