Islamabad, April 28, 2025 – The Federal Board of Revenue (FBR) has reported a significant 25% increase in tax collection from property transactions during the first nine months (July – March) of the current fiscal year 2024-25.
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Stay updated on taxation news, tax laws, FBR policies, compliance, audits, income tax, sales tax, and fiscal developments in Pakistan.
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KCCI calls for tax relief for yarn traders in budget 2025-26
Karachi, April 27, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has urged the government to introduce tax relief measures for yarn traders in the upcoming federal budget 2025-26, aiming to boost compliance and support growth within the sector.
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China launches measures to enhance departure tax refund policy
China has introduced a comprehensive set of new measures aimed at optimizing its departure tax refund system to better cater to overseas tourists and stimulate inbound consumption.
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PSX uncovers massive undocumented wealth in real estate sector
Karachi, April 27, 2025 – The Pakistan Stock Exchange (PSX) has revealed a significant presence of undocumented wealth circulating within the real estate sector and has suggested several reforms to integrate this sector into the formal tax framework.
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How FBR modernizes invoicing systems through successive SROs
The Federal Board of Revenue (FBR) has undertaken a significant journey to digitize tax compliance, particularly through the progressive rollout of digital invoicing and e-invoicing systems.
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Pakistan Customs, KCCI strengthen collaboration to boost exports
KARACHI: In a concerted effort to invigorate Pakistan’s export sector, the Chief Collector of Pakistan Customs (Export), Mohammad Sadiq, reiterated the unwavering commitment of the Customs authorities to bolster trade operations through close collaboration with the Karachi Chamber of Commerce and Industry (KCCI).
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FBR reports 55% growth in electricity bill tax collection for March
Karachi, April 26, 2025 – The Federal Board of Revenue (FBR) has reported a substantial 55% increase in tax collection from electricity bills for the month of March 2025, reflecting a surge in energy consumption driven by rising industrial and commercial activity.
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PSX proposes 5% CGT on all derivatives in Budget 2025-26
Karachi, April 26, 2025 – The Pakistan Stock Exchange (PSX) has proposed a flat Capital Gains Tax (CGT) rate of 5% on all derivative instruments in its budget recommendations for the fiscal year 2025-26. This includes cash-settled derivative contracts and all futures contracts traded on the PSX.
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Tax collection windows to remain open on Saturdays: FBR
Islamabad, April 25, 2025 – In a bid to facilitate taxpayers and ensure the achievement of tax collection targets, the Federal Board of Revenue (FBR) has announced that its offices will remain open on Saturdays until June 30, 2025.
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FBR further extends sales tax return deadlines for February, March
Islamabad, April 25, 2025 – In a continued effort to accommodate taxpayers facing procedural and technical hurdles, the Federal Board of Revenue (FBR) has announced a further extension for the filing of sales tax returns for the months of February and March 2025.
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