Karachi, April 8, 2026 – Pakistan Telecommunication Company Limited (PTCL) has revealed that it is contesting tax disputes worth Rs6.79 billion with provincial revenue authorities, primarily related to international incoming traffic, according to its Annual Report 2025.
(more…)Author: Shahnawaz Akhter
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Sales tax collection from motor cars surges 159% in FY25
Islamabad: Sales tax collection from motor cars in Pakistan recorded a massive increase during the fiscal year 2024-25, reflecting strong revenue growth driven by new taxation measures. According to the Federal Board of Revenue, total collection from the automobile sector reached Rs34 billion, marking a sharp rise of 158.8% compared to the previous fiscal year.
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FBR reports 15% surge in duty-free imports in FY25
ISLAMABAD: The Federal Board of Revenue (FBR) has reported a significant 15% increase in duty-free imports during the fiscal year 2024-25, reflecting shifting trade patterns and policy incentives aimed at supporting key sectors of the economy.
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FBR data shows shift in customs duty collection away from Karachi
ISLAMABAD: The Federal Board of Revenue (FBR) has revealed in its Year Book 2024-25 that the share of Custom House Karachi in total customs duty collection is gradually declining, indicating a shift in revenue distribution across the country.
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FBR orders major reshuffle, directs four CCIRs to headquarters
ISLAMABAD: The Federal Board of Revenue (FBR) on Tuesday initiated a major administrative reshuffle, directing four Chief Commissioners of Inland Revenue (CCIRs) to report to its headquarters as part of broader efforts to strengthen tax administration.
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Khurram Ijaz criticizes govt borrowing surge, warns of private sector crowding out
Karachi, April 7, 2026 – Khurram Ijaz, General Secretary of the Businessmen Panel Progressive (BMPP) and former Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has expressed strong concern over the federal government’s rapidly rising borrowing from commercial banks, warning that it will further squeeze credit availability for the private sector.
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Pakistan repays over $1.42 billion in Eurobond obligations
KARACHI: Pakistan has successfully repaid more than $1.42 billion in external debt obligations, demonstrating continued fiscal discipline and commitment to timely debt servicing.
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SBP mandates declaration for foreign inflows above $25,000
KARACHI: The State Bank of Pakistan has introduced a new regulatory requirement making it mandatory to submit a declaration for foreign inflows exceeding $25,000, aiming to enhance transparency and strengthen monitoring of cross-border financial transactions.
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Qasim Shikarpuri sounds alarm: FBR crackdown puts jewelers at risk
Karachi, April 7, 2026 — Jewelers across Pakistan have raised strong objections to the recent regulations and enforcement measures introduced by the Federal Board of Revenue (FBR). According to industry leaders, these policies are placing significant pressure on the gold and jewelry sector, slowing down business activity and creating uncertainty for traders, particularly small retailers.
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Government bank borrowing surges 61% in 9MFY26, SBP data shows
The federal government’s borrowing from commercial banks surged by 61% during the first nine months of fiscal year 2025-26, highlighting growing reliance on domestic financing, according to data released by the State Bank of Pakistan (SBP).
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