Karachi, October 13, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called upon the Federal Board of Revenue (FBR) to extend the income tax return filing deadline for Tax Year 2025 to October 31, 2025, in order to ease the growing difficulties faced by taxpayers and businesses.
(more…)Author: Shahnawaz Akhter
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PM Shehbaz fires senior FBR officer in corruption case
Islamabad, October 13, 2025 – In a decisive move to uphold integrity and transparency within government institutions, Prime Minister Muhammad Shehbaz Sharif has approved a major penalty against Rana Waqar Ali, a BS-20 officer of the Inland Revenue Service (IRS), following his proven involvement in corruption and misconduct.
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KTBA recommends Nov 15 as new 2025 return filing deadline
Karachi, October 13, 2025 – The Karachi Tax Bar Association (KTBA) has strongly recommended that the Federal Board of Revenue (FBR) extend the 2025 income tax return filing deadline to November 15, citing persistent technical glitches and legal ambiguities on the FBR’s online filing system.
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Internet tax collection in Pakistan soars 138% in FY25
Karachi, October 13, 2025 – The Federal Board of Revenue (FBR) has reported a remarkable 138% surge in tax collection from internet services during the fiscal year 2024–25, reflecting Pakistan’s accelerating shift toward a digital economy.
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PM Shehbaz imposes penalty on BS-20 IRS officer for misconduct
Islamabad, October 13, 2025 – Prime Minister Muhammad Shehbaz Sharif has imposed a minor penalty on Amjad Farooq, a BS-20 officer of the Inland Revenue Service (IRS), currently serving as Chief (Admin Pool) at the Federal Board of Revenue (FBR) Headquarters, Islamabad.
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FBR collects Rs422bn income tax on imports in FY25
Karachi, October 12, 2025 – The Federal Board of Revenue (FBR) has reported a substantial increase in withholding income tax collection on imports, reaching Rs422.42 billion during fiscal year 2024–25. This marks an impressive growth of 11.36 percent compared with Rs379 billion collected in the previous fiscal year.
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Karachi Customs foils bid to clear Indian textile machinery
Karachi, October 12, 2025 – The Collectorate of Customs, Karachi, has successfully foiled an attempt to clear banned Indian-origin textile machinery under the guise of Chinese goods.
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FBR implements electronic scrutiny for sales tax compliance
Islamabad, October 12, 2025 – The Federal Board of Revenue (FBR) has introduced a comprehensive electronic scrutiny system for taxpayers under the Sales Tax Act, 1990, aimed at improving accuracy, transparency, and compliance in sales tax matters.
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FBR confirms October 15 as final deadline for return filing
Islamabad, October 12, 2025 – The Federal Board of Revenue (FBR) has reaffirmed that the deadline for filing the annual income tax return for the tax year 2025 will end on October 15, urging taxpayers to complete their return filing process on time.
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Know Your Tax Year for Pakistan Return Filing
Understanding the tax year is essential for accurate and timely filing of income tax returns in Pakistan. A tax year refers to a continuous period of twelve months ending on the 30th of June, representing the financial year.
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