Apple officially launched the iPhone 16e in Pakistan on April 12, 2025, positioning it as the most budget-friendly model in the iPhone 16 lineup.
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Samsung Galaxy S25 Ultra Price from June 29, 2025
Samsung has officially launched the Galaxy S25 Ultra in Pakistan, offering premium specifications, a striking titanium design, and pre-order pricing tailored for high-end users.
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Finance Act 2025: no tax registration, no property deal allowed
Karachi, June 29, 2025 – In a groundbreaking development, the government has tightened the noose around non-compliant taxpayers with the introduction of Section 14AD through the Finance Act, 2025, effectively linking property transactions with sales tax registration. Under the newly introduced section of the Sales Tax Act, 1990, any person who fails to obtain registration within a stipulated timeframe will be barred from transferring immovable property.
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Banking Blackout: FBR freezes accounts starting July 1
Karachi, June 29, 2025 – In a powerful move aimed at tightening the noose around tax evaders, the Federal Board of Revenue (FBR) is all set to unleash a bold and unprecedented enforcement measure starting July 1, 2025: blocking bank accounts of individuals and entities who fail to register for tax despite making taxable supplies.
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England Penalized for Slow Over Rate in T20I Defeat to India
England faced a double blow after their 97-run loss to India in the first T20 International at Nottingham, as the team was fined 10% of its match fee for maintaining a slow over rate.
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Palmeiras Advances to Club World Cup Quarterfinals
Palmeiras secures their spot in the Club World Cup quarterfinals after defeating Brazilian rivals Botafogo in a hard-fought encounter. A decisive extra-time goal propelled Palmeiras to victory, setting up a thrilling quarterfinal clash against either Benfica or Chelsea.
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Alcaraz Targets Wimbledon Hat-Trick Amid Unstoppable Streak
Carlos Alcaraz is heading into Wimbledon 2025 with soaring confidence and a deep appreciation for grass-court tennis, as he sets his sights on a possible third consecutive title at the prestigious Grand Slam.
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LTO Karachi smashes Rs3tr barrier, poised to rewrite tax history
Karachi, June 29, 2025 – The Large Taxpayers Office (LTO) Karachi has shattered expectations by crossing the monumental Rs3 trillion mark in tax collection — and it’s not done yet. With just two days remaining in the fiscal year 2024–25, LTO Karachi is charging ahead with a fierce determination to breach Rs3.25 trillion, turning heads across Pakistan’s economic and political circles.
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Taxpayers to face penalty for wrongly claimed sales tax refund
Karachi, June 29, 2025 – The Finance Act, 2025 has introduced a major amendment to the Sales Tax Act, 1990, empowering the Federal Board of Revenue (FBR) to impose penalties on taxpayers who have received erroneous refund of sales tax.
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FBR empowered to recover sales tax based on withholding tax data
Karachi, June 29, 2025 – In a significant move to tighten tax compliance, the Federal Board of Revenue (FBR) has been granted enhanced powers under the Finance Act, 2025, to recover sales tax based on the information derived from withholding income tax deductions.
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