Karachi, June 14, 2025 – The Sindh government has set an ambitious tax collection target of Rs388 billion for the Sindh Revenue Board (SRB) for the fiscal year 2025-26, marking a significant increase of around 20 percent from the previous year.
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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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Govt raises limit, increases tax rate on cash withdrawals in FY26
Islamabad, June 14, 2025 – In a significant move to tighten financial compliance and widen the tax base, the government has announced an increase in the limit for the imposition of higher withholding tax on cash withdrawal from banks by non-filers.
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FBR projects Rs56 billion revenue surge from bank deposit profits
Islamabad, June 13, 2025 — The Federal Board of Revenue (FBR) has projected an additional revenue of Rs56 billion following a significant change in the taxation of profits on bank deposits, as proposed in the Finance Bill 2025. These revisions, if approved by the National Assembly, will come into effect from July 1, 2025.
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FBR eyes Rs7 billion via sales tax hike on small vehicles
Islamabad, June 13, 2025 – The Federal Board of Revenue (FBR) has projected an additional revenue gain of Rs7 billion following a proposed revision in sales tax rates on small vehicles, according to official sources.
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FBR forms committees to address anomalies in Finance Bill 2025
Islamabad, June 13, 2025 — In a move aimed at resolving stakeholder concerns and ensuring clarity in tax proposals, the Federal Board of Revenue (FBR) has constituted two high-level committees to identify and remove anomalies in the Finance Bill 2025.
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FBR targets active KCCI member over offshore assets
Karachi, June 13, 2025 – In a stunning revelation that’s sending shockwaves through the business community, the Federal Board of Revenue (FBR) has placed a prominent and active member of the Karachi Chamber of Commerce and Industry (KCCI) under intense scrutiny over alleged offshore assets.
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FBR launches probe into foreign assets of former SBP governor
Karachi, June 13, 2025 – In a dramatic and high-stakes development, the Federal Board of Revenue (FBR) has initiated a sweeping investigation into the foreign assets of a former governor of the State Bank of Pakistan (SBP) — a figure who once held one of the most powerful economic positions in the country.
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LTO Karachi takes over tax assessment of Facebook
Karachi, June 12, 2025 – In a significant move, the Large Taxpayers Office (LTO) Karachi has been entrusted with the responsibility to evaluate and oversee the tax affairs of Facebook, the globally recognized social media and networking platform owned by the American tech giant Meta.
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Jazz faces Rs22 billion tax liability after FBR win
Islamabad, June 12, 2025 – In a significant legal triumph for the Federal Board of Revenue (FBR), the Islamabad High Court has granted the tax authority the right to recover approximately Rs22 billion (USD 78 million) from Pakistan Mobile Communications Limited (PMCL), widely known as Jazz.
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Courier Services Become Tax Collectors in Pakistan
Islamabad, June 12, 2025 – In a dramatic turn of events, courier services in Pakistan are now poised to become full-fledged tax collectors, thanks to sweeping changes proposed in the Finance Bill, 2025.
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