ISLAMABAD, June 10, 2025 – In a major breakthrough for Pakistan’s judicial and revenue systems, the Islamabad High Court (IHC) has made significant strides in clearing a backlog of long-pending tax cases, some dating back over two decades. These cases had previously hindered the Federal Board of Revenue (FBR) from recovering more than Rs600 billion in outstanding dues.
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Pakistan Revenue delivers the latest taxation news, covering income tax, sales tax, and customs duty. Stay updated with insights on tax policies, regulations, and financial developments in Pakistan.
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Economic Survey 2024–25 Highlights Major FBR Reforms
Islamabad, June 9, 2025 – The Economic Survey 2024–25 has spotlighted a sweeping series of reforms undertaken by the Federal Board of Revenue (FBR) to modernize tax collection, enhance digital infrastructure, and crack down on smuggling and evasion.
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Pakistan’s tax exemptions skyrocket to Rs5.84 trillion FY25
Islamabad, June 9, 2025 – Pakistan’s tax exemptions and concessions have soared to a record Rs5.84 trillion during the fiscal year 2024-25, as revealed in the Economic Survey of Pakistan 2024-25 launched today by Finance Minister Mohammad Aurangzeb.
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FPCCI calls for abolition of Section 7E to prevent capital flight
Karachi, June 9, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has made a strong appeal to the government to abolish Section 7E of the Income Tax Ordinance, 2001 in the upcoming federal budget for 2025–26.
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FPCCI urges elimination of further tax in FY26 budget
Karachi, June 9, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has made a strong appeal to the government to abolish the “further tax” imposed under the Sales Tax Act in the upcoming federal budget for 2025–26.
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ICMAP proposes GST reforms to tax offshore sellers
KARACHI, June 9, 2025 — The Institute of Cost and Management Accountants of Pakistan (ICMAP) has made a strong case for sweeping tax reforms in its budget proposals for 2025–26, calling on the government to bring offshore sellers firmly under the General Sales Tax (GST) regime.
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ICAP calls for abolition of alternative corporate tax in FY26 Budget
Karachi, June 8, 2025 – The Institute of Chartered Accountants of Pakistan (ICAP) has strongly recommended the abolition of the alternative corporate tax (ACT) in its formal proposals for the upcoming federal budget 2025-26.
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ICMAP proposes green tax reform for Budget 2025-26
Karachi, June 8, 2025 – In a forward-looking move aimed at promoting sustainability and innovation, the Institute of Cost and Management Accountants of Pakistan (ICMAP) has submitted detailed proposals for green tax reform as part of its recommendations for the federal budget 2025-26.
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Illicit trade with India draining Pakistan economy: OICCI
Karachi, June 8, 2025 — The Overseas Investors Chamber of Commerce and Industry (OICCI) has raised serious concerns over the mounting economic damage inflicted on Pakistan due to illicit and undocumented trade with India.
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Foreign giants pressure Pakistan to slash tobacco taxes in budget
Karachi, June 8, 2025 — As the countdown to Budget 2025-26 intensifies, foreign tobacco players have launched a high-stakes pressure campaign on Pakistan, demanding the government roll back tax rates on deadly tobacco products — a move that could spell disaster for public health and national finances alike.
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