Islamabad, September 26, 2025 – The Federal Board of Revenue (FBR) has clarified that several income tax exemptions and concessions have been deliberately excluded from its official estimates in the newly issued Tax Expenditure Report 2025.
(more…)Author: Shahnawaz Akhter
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FBR’s Magical Return Form: Changed Without Change!
In yet another episode of “Taxpayers vs. Logic,” the Federal Board of Revenue (FBR) has officially declared that the 2025 income tax return form has not changed at all—except that it now magically requires new restrictions.
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Tax experts reject market value rule in 2025 returns
KARACHI – Leading tax practitioners have urged the Federal Board of Revenue (FBR) to withdraw the recently added requirement of declaring the estimated market value of assets in income tax returns for the year 2025.
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Business leaders slam FBR over 2025 return form chaos
KARACHI, September 25 – The business and industrial community has united in harsh criticism of the Federal Board of Revenue (FBR) for making sudden amendments to the 2025 income tax return and wealth statement forms just days before the September 30 deadline.
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No conflict seen in Karachi Customs Agents elections
Karachi – The upcoming elections of the Customs Agents Association are moving ahead in a peaceful and organized manner, with no visible signs of conflict or tension.
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Wealth Statement 2025 Chaos – Taxpayers Face New Trap
Islamabad, September 24, 2025 – In a dramatic twist, the Federal Board of Revenue (FBR) has stunned taxpayers by abruptly amending the wealth statement form for the tax year 2025, sparking widespread confusion, speculation, and even whispers of a looming wealth tax.
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SBP launches new markup subsidy scheme for housing finance
Karachi, September 24, 2025 – The State Bank of Pakistan (SBP) has announced a major initiative aimed at promoting affordable housing finance in the country. The scheme, introduced under the government’s “Mera Ghar – Mera Ashiana” program, seeks to make home ownership more accessible for citizens, especially first-time buyers.
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2025 tax return filing stopped in Pakistan after abrupt IRIS update
Karachi, September 24, 2025 – A storm of confusion has erupted across Pakistan as tax practitioners have abruptly stopped the filing of annual income tax returns for the year 2025.
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FBR extends deadlines for e-invoice compliance
Islamabad, September 24, 2025 – The Federal Board of Revenue (FBR) has officially extended the deadlines for the implementation of electronic invoice issuance, granting additional time to businesses and taxpayers to integrate with the online FBR portal.
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Karachi Tax Bar demands extra time for 2025 returns
Karachi, September 24, 2025 – The Karachi Tax Bar Association (KTBA) on Wednesday formally requested the Federal Board of Revenue (FBR) to extend the deadline for filing income tax returns for Tax Year 2025, citing serious technical and logistical challenges that are preventing taxpayers from meeting the statutory due date.
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