Arif Habib Limited has released its detailed preview of Pakistan’s Federal Budget for FY2025-26, indicating a mix of strict tax measures alongside carefully targeted relief.
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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 launches massive audit blitz targeting Karachi taxpayers
KARACHI, May 25, 2025 — In a bold and sweeping move, the Federal Board of Revenue (FBR) has turned up the heat on Karachi’s taxpayers, launching one of the most aggressive audit campaigns in recent memory.
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Banks request budget fix for bad debts tax treatment
Banks in Pakistan have called upon the government to restore the original tax treatment on bad debts as part of their proposals for the upcoming budget 2025–26.
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Pharmaceutical industry submits tax proposals for Budget 2025–26
The pharmaceutical industry of Pakistan has officially submitted its tax proposals for the upcoming budget 2025–26, urging the government to address long-standing tax-related challenges that have adversely impacted the sector’s sustainability and affordability of medicine.
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April import tax collection from big firms surges 22%: FBR
Karachi, May 24, 2025 — In a stunning display of economic momentum, the Federal Board of Revenue (FBR) has revealed a sensational 22% spike in import tax collection from Pakistan’s major corporate giants for April 2025. This meteoric rise signals a dramatic turnaround in fiscal performance, highlighting a renewed surge in industrial appetite and economic activity.
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KTBA slams FBR over sales tax filing nightmare
Karachi, May 24, 2025 — The Karachi Tax Bar Association (KTBA) has sounded the alarm over the Federal Board of Revenue’s (FBR) sweeping changes to sales tax return filing, warning that the system overhaul under SRO 578 has pushed the entire business community into chaos.
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FBR faces pressure to extend sales tax filing deadline
Karachi, May 24, 2025 – A storm of discontent is brewing across Pakistan’s business and tax circles, as the Federal Board of Revenue (FBR) faces intensifying pressure to extend the deadline for sales tax return filing yet again.
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CGT payment deadline for April 2025 share disposals set for June 2
Karachi, May 23, 2025 – The National Clearing Company of Pakistan Limited (NCCPL) has officially announced that the capital gain tax (CGT) payment for the month of April 2025 will be due on Monday, June 2, 2025.
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FPCCI secures assurance for review of controversial tax laws
Karachi, May 23, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has secured a significant breakthrough, as top government officials have assured a review of the much-contested Tax Laws (Amendment) Ordinance 2025 following strong opposition from the business community.
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MTO Karachi trains KATI members on digital tax reforms
Karachi, May 23, 2025 — The Medium Taxpayers Office (MTO) Karachi held an important awareness session on Friday for members of the Korangi Association of Trade and Industry (KATI), shedding light on the newly introduced automated tax invoicing system powered by Pakistan Revenue Automation Limited (PRAL).
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