Karachi, April 15, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has urged the government to exempt fast-moving consumer goods (FMCGs) from advance tax collection under Sections 236G and 236H of the Income Tax Ordinance, 2001.
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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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FBR Urges Field Formations to Submit Vacancy Details by April 18
Islamabad, April 15, 2025 – The Federal Board of Revenue (FBR) has reiterated its directive to all concerned field formations to urgently submit details of vacant posts under their respective jurisdictions.
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FBR Extends Rs 60 Billion Reduced Tax Relief on Imports
Karachi, April 14, 2025 – The Federal Board of Revenue (FBR) has revealed that it extended approximately Rs 60 billion in tax relief during the current fiscal year through reduced income tax rates applied to a wide range of imports. This relief was granted under Clause 56 of Part IV of the Second Schedule of the Income Tax Ordinance, 2001.
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18% GST Pushing Businesses to Evade, Warns PBC
Karachi, April 14, 2025 – The Pakistan Business Council (PBC) has raised serious concerns over the impact of the current 18% General Sales Tax (GST), stating that such a high rate in a largely undocumented economy creates a powerful incentive for tax evasion.
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FBR Grants Rs1.65 Billion Tax Relief on Gratuity Payments
Karachi, April 13, 2025 – In a significant move aimed at easing the financial burden on retiring employees, the Federal Board of Revenue (FBR) has extended income tax exemptions amounting to Rs1.65 billion on gratuity payments made to individuals during the tax year.
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China Urges US to Abandon Reciprocal Tariffs
Beijing, April 13, 2025 – China’s Ministry of Commerce has called on the United States to completely cancel its policy of reciprocal tariffs and return to a cooperative framework based on mutual respect and equal dialogue.
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KCCI Seeks 0% VAT on Commercial Importers in Budget 2025-26
Karachi, April 13, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has strongly urged the federal government to eliminate the Value Added Tax (VAT) for commercial importers in the forthcoming federal budget for the fiscal year 2025-26.
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Chinese Smartphones, Laptops Get U.S. Tariff Exemption
In a significant shift in trade policy, the U.S. Customs and Border Protection announced late Friday that smartphones, computers, and other key electronic devices imported from China will be exempted from the country’s previously imposed “reciprocal tariffs.”
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Government Plans Tax Relief Despite IMF-Driven Constraints
Karachi, April 12, 2025 – Special Assistant to Prime Minister (SAPM) for Industries and Production Division, Haroon Akhtar Khan, unveiled an ambitious plan to reduce Pakistan’s corporate tax burden despite the constraints posed by the International Monetary Fund (IMF) program.
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KCCI Proposes Allowing Gold Exports with 20% Value Addition
Karachi, April 12, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has urged the federal government to permit gold exports with at least 20% value addition, a move it believes will revitalize the stagnant precious metals sector and significantly boost export revenues.
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