Pakistan Revenue
Karachi, September 23, 2025 – K-Electric has reported a remarkable turnaround, announcing a net profit of Rs4.13 billion for fiscal year 2023-24, compared to a loss of Rs39.39 billion in the previous year.
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Karachi, September 23, 2025 – The Board of Directors of K-Electric has officially decided to decommission two of its older gas-based power plants, the Korangi Town Gas Turbine Power Station (KTGTPS) and the SITE Gas Turbine Power Station (SGTPS).
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Karachi, September 23, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has strongly appealed to the Federal Board of Revenue (FBR) to extend the return filing deadline for Tax Year 2025.
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Lahore, September 23, 2025 – The Lahore Tax Bar Association (LTBA) has raised concerns over serious computation errors detected in IRIS, the Federal Board of Revenue’s (FBR) online return filing portal, just days ahead of the September 30 filing deadline for tax year 2025.
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Islamabad, September 23, 2025 – The Federal Board of Revenue (FBR) has once again reminded taxpayers that September 30 remains the official filing deadline for annual income tax returns for the tax year 2025.
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Islamabad, September 22, 2025 – In a dramatic move to unearth the mountain of undeclared wealth hidden in Pakistan’s shadow economy, the Federal Board of Revenue (FBR) is preparing a mega increase in rewards for whistleblowers, transforming them into a new front-line force in the battle against tax evasion.
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Islamabad, September 22, 2025 – The Federal Board of Revenue (FBR) has achieved a major milestone by crossing the figure of 8 million active taxpayers.
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Karachi, September 22, 2025 – Commercial banks in Pakistan have experienced a sharp outflow of deposits, as more than Rs1 trillion was withdrawn by customers during July and August, the first two months of the current fiscal year 2025-26.
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Karachi, September 22, 2025 – The Regional Tax Office (RTO)-1 Karachi carried out a surprise raid on the headquarters of a well-known retail chain over suspicions of large-scale sales tax evasion. The action reflects the Federal Board of Revenue’s (FBR) strict stance on tax compliance and its growing focus on the retail sector.
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Islamabad, September 22, 2025 – The Federal Board of Revenue (FBR) has initiated a detailed probe into the tax affairs of a prominent media house in Pakistan. The move signals the government’s intent to closely monitor businesses with overseas engagements and ensure compliance with international reporting standards.
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