Karachi, November 3, 2025 – The Karachi Tax Bar Association (KTBA) has strongly criticized the Federal Board of Revenue (FBR) for its uncompromising stance on refusing to extend the income tax return filing deadline for the Tax Year 2025, despite persistent technical glitches on the IRIS online portal.
(more…)Author: Shahnawaz Akhter
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Hubco achieves completion of Thar Coal Power Projects under CPEC
Karachi, November 3, 2025 – The Hub Power Company Limited (Hubco) has officially announced the Project Completion Date (PCD) for its two major Thar coal-based power ventures — Thar Energy Limited (TEL) and ThalNova Power Thar (Private) Limited (TNPTL) — achieved on October 31, 2025, as per the terms of their project financing agreements.
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FBR collects Rs237 billion in property taxes during FY25 – 19% growth recorded
Karachi, November 2, 2025 – The Federal Board of Revenue (FBR) has achieved a major milestone by collecting Rs237 billion in withholding income tax from property transactions during fiscal year 2024–25, reflecting a robust 19% year-on-year increase compared to Rs200 billion collected in FY2023–24.
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Brace for impact: FBR targets record Rs22 trillion tax collection by FY2030
Islamabad, November 1, 2025 – Get ready, taxpayers — a massive tax storm is on the horizon! The Federal Board of Revenue (FBR) has been handed an ambitious target to almost double Pakistan’s total tax collection to a staggering Rs22 trillion by fiscal year 2029-30.
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How machine learning helps FBR detect high-risk tax audit cases
Islamabad, November 1, 2025 – The Federal Board of Revenue (FBR) has revealed that cutting-edge machine learning technology is now playing a pivotal role in identifying high-risk cases for tax audits, transforming the traditional approach to compliance monitoring in Pakistan.
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How to Check Your Name in FBR’s ATL 2025: Complete Taxpayers’ Guide
Islamabad, November 1, 2025 – The Federal Board of Revenue (FBR) has officially released the first Active Taxpayers List (ATL) for Tax Year 2025, enabling millions of Pakistanis to verify their active taxpayer status easily through multiple platforms.
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FBR unveils first ATL 2025: 6.24 million filers, massive shortfall sparks concern
Islamabad, November 1, 2025 – In a major development, the Federal Board of Revenue (FBR) has officially released the first Active Taxpayers List (ATL) for Tax Year 2025, revealing that 6.24 million taxpayers have filed their income tax returns — a number that’s raised eyebrows across financial circles.
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FBR shuts down 2025 return filing with huge deficit despite record compliance
Islamabad, October 31, 2025 – The Federal Board of Revenue (FBR) officially closed the 2025 income tax return filing process on Friday, refusing to extend the deadline beyond October 31 despite a significant shortfall from active taxpayer numbers.
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Muhammad Amin Khan Lodhi Appointed as SBP Deputy Governor
Karachi, October 31, 2025 – The Federal Government has appointed Muhammad Amin Khan Lodhi as the Deputy Governor of the State Bank of Pakistan (SBP) for a five-year term, effective October 30, 2025, according to an official statement issued by the SBP on Friday. Mr. Lodhi assumed his responsibilities on the same day.
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FBR nets 200 corporate cases through AI-driven audit selection
Islamabad, October 31, 2025 – In a major breakthrough for Pakistan’s digital tax enforcement, the Federal Board of Revenue (FBR) has identified over 200 corporate cases through an Artificial Intelligence (AI)-driven audit selection system, marking a milestone in the country’s tax modernization drive.
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