Karachi, May 24, 2025 — In a stunning display of economic momentum, the Federal Board of Revenue (FBR) has revealed a sensational 22% spike in import tax collection from Pakistan’s major corporate giants for April 2025. This meteoric rise signals a dramatic turnaround in fiscal performance, highlighting a renewed surge in industrial appetite and economic activity.
(more…)Author: Shahnawaz Akhter
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KTBA slams FBR over sales tax filing nightmare
Karachi, May 24, 2025 — The Karachi Tax Bar Association (KTBA) has sounded the alarm over the Federal Board of Revenue’s (FBR) sweeping changes to sales tax return filing, warning that the system overhaul under SRO 578 has pushed the entire business community into chaos.
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FBR faces pressure to extend sales tax filing deadline
Karachi, May 24, 2025 – A storm of discontent is brewing across Pakistan’s business and tax circles, as the Federal Board of Revenue (FBR) faces intensifying pressure to extend the deadline for sales tax return filing yet again.
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Lackluster trading at PSX amid FY26 budget uncertainty
Karachi, May 24, 2025 – The Pakistan Stock Exchange (PSX) witnessed subdued trading activity during the week ending May 23, 2025, as investor sentiment remained cautious due to growing uncertainty surrounding the upcoming fiscal year 2025-26 budget announcement, scheduled for June 10.
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Govt delays FY26 budget to June 10 amid Eid-ul-Adha festivities
Islamabad, May 23, 2025 – In a dramatic twist to Pakistan’s economic calendar, the eagerly awaited budget 2025–26 has been delayed by an entire week, now slated for unveiling on June 10, 2025.
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CGT payment deadline for April 2025 share disposals set for June 2
Karachi, May 23, 2025 – The National Clearing Company of Pakistan Limited (NCCPL) has officially announced that the capital gain tax (CGT) payment for the month of April 2025 will be due on Monday, June 2, 2025.
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FPCCI secures assurance for review of controversial tax laws
Karachi, May 23, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has secured a significant breakthrough, as top government officials have assured a review of the much-contested Tax Laws (Amendment) Ordinance 2025 following strong opposition from the business community.
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MTO Karachi trains KATI members on digital tax reforms
Karachi, May 23, 2025 — The Medium Taxpayers Office (MTO) Karachi held an important awareness session on Friday for members of the Korangi Association of Trade and Industry (KATI), shedding light on the newly introduced automated tax invoicing system powered by Pakistan Revenue Automation Limited (PRAL).
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IMF reaffirms support for Pakistan after meeting all reform targets
Karachi, May 23, 2025 – The International Monetary Fund (IMF) has reaffirmed its confidence in economic direction of Pakistan, confirming that the country has successfully met all performance targets under the Extended Fund Facility (EFF) program.
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FY26 budget: ACCA Pakistan unveils bold taxation blueprint
Karachi, May 23, 2025 – In a move that could dramatically reshape Pakistan’s economic trajectory, the Association of Chartered Certified Accountants (ACCA) Pakistan has launched a groundbreaking Budget Proposal for fiscal year 2025–26.
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