Islamabad – July 8, 2025: In a move set to ease the tax filing burden on millions of employees, the Federal Board of Revenue (FBR) has launched a simplified income tax return form exclusively for salaried individuals for Tax Year 2025.
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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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PM Shehbaz hails FBR, IB for Rs178 billion recovery
Islamabad, July 7, 2025 – Prime Minister Shehbaz Sharif has lauded the Federal Board of Revenue (FBR) and the Intelligence Bureau (IB) for their extraordinary collaboration that led to a historic recovery of Rs178 billion through anti-tax evasion and anti-hoarding operations.
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AI-powered RMS revolutionizes Pakistan Customs clearance
Islamabad, July 7, 2025 – In a landmark development for trade and taxation, Pakistan has introduced its first-ever Artificial Intelligence (AI)-based Risk Management System (RMS) to modernize Customs operations and streamline import-export clearance processes.
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PSX Hits Fresh Highs in Historic Market Surge
Karachi, July 7, 2025 – The Pakistan Stock Exchange (PSX) soared to unprecedented highs on Monday, continuing its record-breaking rally that has captured investor confidence across sectors.
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FBR releases list for regulatory duty exemptions on imports
Karachi, July 7, 2025 – The Federal Board of Revenue (FBR) has formally issued a detailed list specifying exemptions from regulatory duty on a wide range of imported goods.
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Tax-Free Total Income Costs FBR Rs443 Billion in FY25
Karachi, July 6, 2025 — Did you know the government’s decision to allow tax-free total income to certain groups cost the national exchequer a whopping Rs443 billion during fiscal year 2024–25? This eye-opening figure was revealed in a detailed report by the Federal Board of Revenue (FBR), highlighting the growing impact of tax exemptions on the country’s revenue base.
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Pakistan’s export share rises in US market, slips with China
Islamabad, July 6, 2025 – Pakistan’s export landscape is shifting—and the numbers tell an interesting story. According to the Economic Survey of Pakistan for FY 2024-25, the country’s export share to the United States has grown, while it has declined with China.
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Bangladesh beats Pakistan, India in cotton yield
In a striking revelation from the Pakistan Economic Survey 2025, Bangladesh has outperformed both Pakistan and India in cotton yield—despite growing the crop on a significantly smaller area.
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FBR reports ATL surges to record 7.27 million amid new restrictions
Karachi, July 4, 2025 – In a historic move that’s sending shockwaves through financial and business circles, the Federal Board of Revenue (FBR) has announced that Pakistan’s Active Taxpayers List (ATL) has skyrocketed to an all-time high of 7.27 million!
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Sections 37A, 37B: Tax Fraud on Trial
Islamabad, July 3, 2025 — Pakistan’s tax enforcement regime just entered a whole new territory, and the business community is on edge. With the implementation of Sections 37A and 37B of the Sales Tax Act, 1990 — introduced via the Finance Act, 2025 — the government has signaled zero tolerance for tax fraud.
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