Karachi, July 13, 2025 – In a bold and unprecedented move, the Federal Board of Revenue (FBR) has launched a sweeping digital manhunt, targeting IP addresses used in filing sales tax returns linked to fraudulent and flying invoices. This aggressive crackdown aims to unmask the faceless perpetrators behind massive tax fraud operations that have bled billions from the national treasury.
(more…)Category: Top stories
Top stories featuring the most important and trending news updates from politics, business, world affairs, and breaking events across various sectors.
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FBR harassing exporters on tax fraud allegations: FTO
Karachi, July 12, 2025 — The Federal Tax Ombudsman (FTO) has strongly criticized the Federal Board of Revenue (FBR) for harassing exporters by arbitrarily blocking or suspending their Sales Tax Registration Numbers (STRNs) on unproven allegations of tax fraud — in direct violation of superior court rulings.
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FBR urges businesses: Limit cash to avoid tax troubles
Islamabad, July 11, 2025 – The Federal Board of Revenue (FBR) is making headlines once again—this time by strongly advising businesses across Pakistan to avoid cash sales and adopt banking or digital channels for transactions exceeding Rs200,000.
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PM Shehbaz orders modernization of outdated governance system
Islamabad, July 11, 2025 – Prime Minister Shehbaz Sharif on Friday reiterated his government’s commitment to overhauling Pakistan’s outdated governance system, emphasizing the urgent need to adopt a modern, efficient, and technology-driven framework to meet present-day challenges.
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Pakistan’s forex reserves cross $20 billion after three-year gap
Karachi, July 10, 2025 – Pakistan’s foreign exchange (forex) reserves have surged past the $20 billion threshold for the first time in over three years, marking a significant milestone in the country’s economic recovery.
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PM Shehbaz orders urgent overhaul of National Tariff Commission
Islamabad, July 10, 2025 – Prime Minister Shehbaz Sharif on Thursday directed a comprehensive restructuring of the National Tariff Commission (NTC) to enhance its institutional capabilities and ensure alignment with Pakistan’s evolving economic priorities.
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Pakistan receives all-time high $38.3 billion in remittances
Karachi, July 9, 2025 – Pakistan has achieved a major milestone by receiving an all-time high of $38.3 billion in remittances during the fiscal year 2024–25, according to data released by the State Bank of Pakistan (SBP) on Wednesday.
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FBR grants big tax relief on Import of 0.5MMT sugar
Islamabad, July 9, 2025 – The Federal Board of Revenue (FBR) has granted sweeping tax exemptions and concessions on the import of 0.5 million metric tons (MMT) of white crystalline sugar, aimed at stabilizing domestic supply and curbing rising prices.
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Bank Accounts Now Mandatory for 2025 Tax Return Filing
Karachi, July 9, 2025 – Planning to file your income tax return for Tax Year 2025? Get ready – because this time, having a bank account is no longer optional. The Federal Board of Revenue (FBR) has made it mandatory for salaried individuals to declare their bank accounts while filing their income tax return.
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Lawmakers stall harsh rules on ineligible with hidden law trick
Islamabad, July 9, 2025 — In a dramatic turn of events, the much-publicized law to impose economic restrictions on ineligible persons has been quietly altered through a seemingly subtle clause—raising serious concerns over the intent and timing of its enforcement.
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