In a decisive move to tighten the noose around tax dodgers, the Federal Board of Revenue (FBR) has finalized a groundbreaking legal proposal aimed squarely at ‘nil filers’ — individuals and entities who submit income tax returns with zero declared income solely to gain benefits of the Active Taxpayers List (ATL).
(more…)Author: Shahnawaz Akhter
-
Economic Survey of Pakistan 2024–25: A Preview
Islamabad, June 8, 2025 – The Government of Pakistan is set to unveil the Economic Survey 2024–25 on June 9, 2025, a key annual document that reviews the nation’s economic performance for the outgoing fiscal year.
(more…) -
Budget 2025-26: Government targets freelancers with new tax plan
Islamabad, June 7, 2025 — The federal government is preparing to bring freelancers under the tax radar as part of major fiscal reforms in the upcoming budget for 2025-26, scheduled to be presented on June 10.
(more…) -
FED on properties may be abolished in Budget 2025-26
Islamabad, June 7, 2025 – The Federal Excise Duty (FED) imposed on the transaction of immovable properties is likely to be abolished in the upcoming federal budget for 2025-26, expected to be presented on June 10.
(more…) -
Customs appraising officer censured for inefficiency on FBR inquiry
Islamabad, June 7, 2025 – The Federal Board of Revenue (FBR) has imposed the penalty of censure on a customs appraising officer after an inquiry found him guilty of inefficiency during an official examination process.
(more…) -
LTO Karachi poised to smash Rs3 trillion barrier first-time
KARACHI – June 6, 2025: In a historic and electrifying milestone, the Large Taxpayers Office (LTO) Karachi is poised to smash through the Rs3 trillion barrier in revenue collection for the very first time in Pakistan’s tax history.
(more…) -
KSE-100 Index posts 1.63% weekly gain ahead of budget 2025-26
Karachi, June 6, 2025 – The Pakistan Stock Exchange (PSX) concluded the pre-Eid trading week on a high note, with the benchmark KSE-100 index registering a notable 1.63% weekly gain ahead of the federal budget for 2025–26, scheduled to be presented on June 10.
(more…) -
Pakistan’s corporate tax burden highest in Asian region: KTBA
Karachi, June 6, 2025 – The Karachi Tax Bar Association (KTBA) has called on the federal government to lower Pakistan’s corporate tax rate, highlighting that it is currently the highest in Asia.
(more…) -
Unbelievable Yet True: K-Electric clinches massive Rs50bn write-off
In a move that has sent shockwaves across the country’s power sector, the National Electric Power Regulatory Authority (NEPRA) has granted K-Electric a jaw-dropping Rs50 billion write-off—a concession so colossal that only K-Electric could pull it off in Pakistan.
(more…) -
FBR considers GST on cross-border online sales in FY26 Budget
ISLAMABAD, June 6, 2025 – The Federal Board of Revenue (FBR) is actively exploring the imposition of General Sales Tax (GST) on cross-border online sales as part of the upcoming budget for 2025–26.
(more…)