Karachi, April 10, 2025 – The Institute of Cost and Management Accountants of Pakistan (ICMA) has released a comprehensive report analyzing the implications of the newly imposed 29% reciprocal tariff by the United States on Pakistan’s exports, with a particular focus on the textile industry.
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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 Reforms to Revive Real Estate Sector
Karachi, April 10, 2025 — The Karachi Chamber of Commerce and Industry (KCCI) has urged the government to simplify taxation policies for Pakistan’s real estate sector, aiming to restore investor confidence and stimulate economic activity ahead of the federal budget for 2025-26.
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SRB Revises Sindh Sales Tax Rules for Food Delivery Platforms
Karachi, April 9, 2025 – The Sindh Revenue Board (SRB) has announced significant amendments to the Sindh Sales Tax (SST) Special Procedure (Collection Agent) Rules, 2024, aimed specifically at food delivery platforms operating within the province.
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FBR Issues New Reward Rules for Officers Amid Criticism
Islamabad, April 9, 2025 – The Federal Board of Revenue (FBR) on Wednesday introduced new reward rules for officers within the Inland Revenue Service (IRS) and Pakistan Customs Service (PCS), but the move has been met with significant criticism from field formations.
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FBR Extends Sales Tax Return Deadline for February to April 13
Islamabad, April 9, 2025 – The Federal Board of Revenue (FBR) has announced an extension in the deadline for filing sales tax and federal excise return for the tax period of February 2025.
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Karachi Chamber Urges Fair Approach to FBR Account Freezing
Karachi, April 9, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has raised concerns regarding the Federal Board of Revenue (FBR) practices related to the freezing of bank accounts for the recovery of unpaid taxes.
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KCCI Proposes Using Electricity Data to Broaden Tax Base
Karachi, April 9, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has urged the government to adopt a data-driven strategy for tax broadening by utilizing electricity consumption records to identify potential taxpayers.
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Ministry Proposes 20% Regulatory Duty on LED Products
Islamabad, April 8, 2025 – The Ministry of Industries and Production has proposed imposing a 20% Regulatory Duty on LED lighting products as part of the federal budget proposals for the fiscal year 2025–26. The aim of this move is to encourage local manufacturing and reduce reliance on imported LED items.
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IR Inspector Removed from Service Over Unauthorized Absence
Karachi, April 8, 2025 – The Federal Board of Revenue (FBR) has imposed a major penalty of removal from service on Arshad Ali Nasir, an Inspector Inland Revenue (BS-16) posted at Regional Tax Office (RTO-I) Karachi, for his prolonged unauthorized absence from duty.
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KTBA Suggests Hybrid Refunds, Flags FIFO Method Flaws
Karachi, April 8, 2025 – The Karachi Tax Bar Association (KTBA) has urged the Federal Board of Revenue (FBR) to adopt a hybrid approach for the issuance of refunds, emphasizing the need to prioritize time-bound claims, verified applications, and sector-specific urgencies.
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