Karachi, May 12, 2025 – The Overseas Investors Chamber of Commerce and Industry (OICCI) has recommended that the Federal Board of Revenue (FBR) install Point-of-Sale (POS) systems at all airlines and travel agencies in Pakistan, as part of its proposals for the upcoming 2025-26 federal budget.
(more…)Author: Shahnawaz Akhter
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Pakistan may introduce capital value tax for crypto assets
Karachi, May 11, 2025 – Pakistan is likely to introduce a Capital Value Tax (CVT) on crypto assets held by resident citizens, as the government moves toward formalizing regulation for digital currencies.
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Motor vehicle tax collection in Pakistan jumps 58% in 9MFY25
Islamabad, May 11, 2025 – Pakistan has witnessed a significant surge in motor vehicle tax collection, which soared by 58% during the first nine months (July–March) of the ongoing fiscal year 2024-25, according to official data released by the Ministry of Finance.
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FBR advised to enforce mandatory return filing for professionals
Karachi, May 11, 2025 — The Federal Board of Revenue (FBR) has been strongly urged to implement compulsory income tax return filing for professionals across various sectors, particularly those affiliated with formal associations and professional bodies such as bar councils and trade organizations.
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Stable rupee expected amid IMF support, ceasefire optimism
Karachi, May 11, 2025 – The Pakistani rupee is projected to remain stable in the coming week, beginning May 12, following the International Monetary Fund’s (IMF) approval of a fresh loan tranche exceeding $1 billion.
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FBR considers possible tax cuts on immovable properties in budget
Islamabad, May 11, 2025 – The Federal Board of Revenue (FBR) is actively reviewing a proposal to revise the taxation structure on immovable properties in the upcoming federal budget for the fiscal year 2025-26. This move comes in response to persistent demands from real estate stakeholders and aims to stimulate investment while balancing revenue generation.
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Smoking poses serious health risks: FBR mulls cigarette FED hike
Islamabad, May 11, 2025 – The Federal Board of Revenue (FBR) is actively considering a significant increase in the federal excise duty (FED) on cigarettes in the upcoming 2025–26 budget, citing the severe health risks posed by smoking.
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Sindh leads in sales tax on services collection during 9MFY25
Islamabad, May 10, 2025 – Sindh has emerged as the top-performing province in Pakistan in terms of sales tax collection on services during the first nine months (July–March) of the current fiscal year 2024–25, showcasing a robust growth of 25%.
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Petroleum levy yields Rs834 billion for government in 9MFY25
Islamabad, May 10, 2025 – The federal government has reported a substantial increase in revenue collected from the petroleum levy, reaching a total of Rs834 billion during the first nine months (July–March) of the current fiscal year, according to official data released by the Ministry of Finance.
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SAI urges withdrawal of Tax Laws (Amendment) Ordinance 2025
Karachi, May 10, 2025 — The SITE Association of Industry (SAI) has issued a strong appeal to Prime Minister Shehbaz Sharif, demanding the urgent withdrawal of the recently promulgated Tax Laws (Amendment) Ordinance 2025, warning that the new legislation poses a significant threat to both economic stability and constitutional norms.
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