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Author: Shahnawaz Akhter

united bank

UBL reports record Rs100 billion profit after tax for 9MCY25

October 15, 2025October 15, 2025Shahnawaz Akhter

Karachi, October 15, 2025 – United Bank Limited (UBL), one of Pakistan’s leading financial institutions, has posted a remarkable Rs100 billion profit after tax for the nine months ended September 30, 2025.

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Income Tax Return FBR

FBR further extends 2025 return filing deadline?

October 15, 2025October 15, 2025Shahnawaz Akhter

Karachi, October 15, 2025 – As the clock ticks down on the final day of Pakistan’s 2025 income tax return filing deadline, speculation is mounting over whether the Federal Board of Revenue (FBR) will announce another extension.

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Tax Return Filing

PCDMA seeks 2025 return filing extension to Nov 30

October 14, 2025October 14, 2025Shahnawaz Akhter

Karachi, October 14, 2025 — The Pakistan Chemicals & Dyes Merchants Association (PCDMA) has urged the Federal Board of Revenue (FBR) to extend the income tax return filing deadline from October 15 to November 30, 2025.

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KCCI Photo

Bilwani resigns as KCCI president; Hanif takes charge

October 14, 2025October 14, 2025Shahnawaz Akhter

Karachi, October 14, 2025 – The Executive Committee of the Karachi Chamber of Commerce and Industry (KCCI) has officially accepted the resignation of Muhammad Jawed Bilwani, who stepped down from his role as President along with Senior Vice President Zia ul Arfeen and Vice President Faisal Khalil Ahmed.

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SBP launches digital financing platform to empower farmers

October 14, 2025October 14, 2025Shahnawaz Akhter

Karachi, October 14, 2025 – The State Bank of Pakistan (SBP) has launched the National Subsistence Farmers Support Initiative (NSFSI) under the Risk Coverage Scheme for Small Farmers and Underserved Areas, aiming to enhance access to agricultural credit for small and marginalized farmers.

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FBR launches IRIS 2.0

LTBA seeks PM’s help for 2025 return filing extension

October 13, 2025October 13, 2025Shahnawaz Akhter

Lahore, October 13, 2025 – The Lahore Tax Bar Association (LTBA) has appealed to Prime Minister Shehbaz Sharif to grant a further extension in the 2025 income tax return filing deadline, citing persistent technical glitches in the Federal Board of Revenue’s (FBR) IRIS portal that continue to obstruct timely filing.

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IRS Officers Association

IRSOA denounces attack on FBR officials, demands strict action

October 13, 2025October 13, 2025Shahnawaz Akhter

Islamabad, October 13, 2025 – The Inland Revenue Service Officers Association (IRSOA) has vehemently condemned the recent cowardly attack on officials of the Federal Board of Revenue (FBR) who were performing their lawful duties near Kohat Toll Plaza under Section 40D of the Sales Tax Act, 1990.

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Federation of Pakistan Chambers

FPCCI seeks relief in 2025 return deadline to Oct 31

October 13, 2025October 13, 2025Shahnawaz Akhter

Karachi, October 13, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called upon the Federal Board of Revenue (FBR) to extend the income tax return filing deadline for Tax Year 2025 to October 31, 2025, in order to ease the growing difficulties faced by taxpayers and businesses.

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Prime Minister Shehbaz Sharif

PM Shehbaz fires senior FBR officer in corruption case

October 13, 2025October 13, 2025Shahnawaz Akhter

Islamabad, October 13, 2025 – In a decisive move to uphold integrity and transparency within government institutions, Prime Minister Muhammad Shehbaz Sharif has approved a major penalty against Rana Waqar Ali, a BS-20 officer of the Inland Revenue Service (IRS), following his proven involvement in corruption and misconduct.

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KTBA Bar

KTBA recommends Nov 15 as new 2025 return filing deadline

October 13, 2025October 13, 2025Shahnawaz Akhter

Karachi, October 13, 2025 – The Karachi Tax Bar Association (KTBA) has strongly recommended that the Federal Board of Revenue (FBR) extend the 2025 income tax return filing deadline to November 15, citing persistent technical glitches and legal ambiguities on the FBR’s online filing system.

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