The Federal Board of Revenue (FBR) has clarified the entitlement of initial allowance for taxpayers during the tax year 2025-26.
(more…)Author: Shahnawaz Akhter
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Assessment limitation defined for FBR officers in 2025-26
Islamabad, September 6, 2025 – The Federal Board of Revenue (FBR) has clarified the limitation period for tax assessment procedures under the Sales Tax Act, 1990, applicable for the tax year 2025-26.
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FBR defines recovery process for unpaid sales tax in 2025-26
Islamabad, September 6, 2025 – The Federal Board of Revenue (FBR) has formally detailed the procedure for recovering unpaid or short-paid sales tax during the upcoming tax year 2025-26.
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Pakistan’s duty-free imports surge around 16% in FY24
Islamabad, September 5, 2025 – Pakistan’s duty-free imports have surged by around 16% during fiscal year 2023-24, according to data released by the Federal Board of Revenue (FBR).
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Khurram Ijaz Demands Sindh Use Cess for Karachi
Karachi, September 5, 2025 – Khurram Ijaz, former Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Secretary General of the ruling Businessmen Panel, has strongly demanded that the Sindh Government allocate Infrastructure Cess revenues for the rehabilitation of Karachi’s collapsing infrastructure.
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Which business deductions are not allowed in 2025-26?
The Federal Board of Revenue (FBR) has clarified which deductions cannot be claimed against business income during the tax year 2025-26.
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FBR explains tax deductions for business income in 2025-26
Islamabad, September 4, 2025 – The Federal Board of Revenue (FBR) has issued detailed guidance regarding deductions allowed while computing tax on business income for the tax year 2025-26.
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FBR issues tax rates on telephone, internet usage in 2025-26
Islamabad, September 4, 2025 – The Federal Board of Revenue (FBR) has officially notified the advance tax rates applicable on the use of telephone and internet services during the tax year 2025-26.
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Pakistan sees $42 million weekly rise in forex reserves
Karachi, September 4, 2025 – Pakistan’s foreign exchange position showed modest improvement as the country recorded a rise of $42 million in its forex reserves during the outgoing week, according to the latest data issued by the State Bank of Pakistan (SBP).
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SBP sets benchmark for cash deposit machines across banks
Karachi, September 4, 2025 – The State Bank of Pakistan (SBP) has introduced new benchmarks for the deployment of cash deposit machines (CDMs) as part of its ongoing efforts to accelerate digitization in the country’s banking sector.
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