Islamabad, January 31, 2025 – In a decisive move to strengthen tax compliance and curb financial irregularities, the Federal Board of Revenue (FBR) has initiated a comprehensive crackdown on excessive claim of withholding tax (WHT) deductions amounting to Rs 200 billion.
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Find top stories in this section. Pakistan Revenue brings you the latest and most important news from Pakistan and around the world, keeping you informed with key updates and insights.
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FBR issues SRO to extend regulatory duty on steel products
Karachi, January 31, 2025 – The Federal Board of Revenue (FBR) has announced an extension of regulatory duty on steel product imports through a newly issued notification. The FBR released SRO 78(I)/2025 on January 30, 2025, amending SRO 928(I)/2025 dated June 30, 2024, to ensure continued protection for the local steel industry.
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FBR Uncovers Rs 78 Bn Tax Evasion in Withholding of Salary Tax
Islamabad – The Federal Board of Revenue (FBR) has unearthed a colossal tax fraud amounting to Rs 78 billion in the collection and deposit of withholding tax on salary income.
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FBR Achieves 42.56% of Annual Tax Target in First Half of FY25
Islamabad, January 30, 2025 – The Federal Board of Revenue (FBR) has successfully collected 42.56% of its annual tax target during the first six months of the fiscal year 2024-25, marking a significant improvement in revenue generation.
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FBR Updates Rules for Electronic Sales Tax Invoicing, Integration
Karachi, January 29, 2025 – In a move to streamline the tax system, the Federal Board of Revenue (FBR) has issued new procedures concerning the licensing, issuance of electronic sales tax invoices, and the integration of registered persons into the electronic invoicing system.
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Pakistan on Path to Greater Economic Stability: 1H FY25 Report
Islamabad, January 28, 2025 – On Tuesday, the Ministry of Finance released its half-yearly report for the fiscal year 2024-25 (July-December), presenting an optimistic outlook for Pakistan economy.
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Political Turmoil Leads to 2,000-Point Drop in PSX
Karachi, January 28, 2025 – The Pakistan Stock Exchange (PSX) experienced a sharp decline on Tuesday, with its benchmark KSE-100 Index plummeting by 2,000 points amid heightened political uncertainty. The abrupt halt in negotiations between the government and the major opposition party, Pakistan Tehreek-e-Insaf, has triggered a wave of concern among investors, leading to significant selling pressure at the PSX.
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FBR Targets Source of Income in Property Transactions
Islamabad – The Federal Board of Revenue (FBR) is intensifying its efforts to ensure transparency in Pakistan’s real estate sector by scrutinizing the source of income used in property transactions. This initiative is aimed at combating tax evasion and fostering accountability within the industry.
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PM Task Force Examines High Property Transaction Taxes
Islamabad, January 27, 2025 – A high-level task force, established by Prime Minister Shehbaz Sharif, convened on Monday to deliberate on the pressing issue of high taxes on property transactions and its impact on the real estate sector.
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New Currency Notes Printing to Begin in FY26: SBP
Karachi, January 27, 2025 – The State Bank of Pakistan (SBP) has announced its plan to initiate the printing of new currency notes featuring advanced security enhancements in the upcoming fiscal year, 2025-26.
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