Islamabad, June 13, 2025 — The Federal Board of Revenue (FBR) has projected an additional revenue of Rs56 billion following a significant change in the taxation of profits on bank deposits, as proposed in the Finance Bill 2025. These revisions, if approved by the National Assembly, will come into effect from July 1, 2025.
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FBR, Pakistan’s national tax collecting agency, plays a crucial role in the country’s economy. Pakistan Revenue is committed to providing readers with the latest updates and developments regarding FBR activities.
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FBR eyes Rs7 billion via sales tax hike on small vehicles
Islamabad, June 13, 2025 – The Federal Board of Revenue (FBR) has projected an additional revenue gain of Rs7 billion following a proposed revision in sales tax rates on small vehicles, according to official sources.
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FBR forms committees to address anomalies in Finance Bill 2025
Islamabad, June 13, 2025 — In a move aimed at resolving stakeholder concerns and ensuring clarity in tax proposals, the Federal Board of Revenue (FBR) has constituted two high-level committees to identify and remove anomalies in the Finance Bill 2025.
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FBR targets active KCCI member over offshore assets
Karachi, June 13, 2025 – In a stunning revelation that’s sending shockwaves through the business community, the Federal Board of Revenue (FBR) has placed a prominent and active member of the Karachi Chamber of Commerce and Industry (KCCI) under intense scrutiny over alleged offshore assets.
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FBR launches probe into foreign assets of former SBP governor
Karachi, June 13, 2025 – In a dramatic and high-stakes development, the Federal Board of Revenue (FBR) has initiated a sweeping investigation into the foreign assets of a former governor of the State Bank of Pakistan (SBP) — a figure who once held one of the most powerful economic positions in the country.
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Jazz faces Rs22 billion tax liability after FBR win
Islamabad, June 12, 2025 – In a significant legal triumph for the Federal Board of Revenue (FBR), the Islamabad High Court has granted the tax authority the right to recover approximately Rs22 billion (USD 78 million) from Pakistan Mobile Communications Limited (PMCL), widely known as Jazz.
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Asset Declaration Becomes Mandatory for Car Buying in Pakistan
Under the Finance Bill 2025, the government of Pakistan has proposed making asset declaration mandatory for purchasing cars and other high-value assets.
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Who’s Really Eligible to Make Transactions in Pakistan?
Pakistan’s financial world has been set ablaze with a storm of debate and confusion: Are you eligible to make financial transactions in Pakistan anymore? This burning question has swept across drawing rooms, boardrooms, and the bustling streets of the country ever since the government unveiled its controversial Budget 2025-26.
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Commissioner empowered to bar transactions under sales tax laws
Islamabad, June 12, 2025 – The Finance Bill 2025 has proposed sweeping powers for the Commissioner Inland Revenue of the Federal Board of Revenue (FBR) to clamp down on individuals and businesses who fail to register under the Sales Tax Act, 1990.
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FBR empowered to fix retail price of Third Schedule goods
Karachi, June 12, 2025 – In a significant move to tighten control over pricing and enhance tax collection, the Federal Board of Revenue (FBR) has been granted the authority to determine the retail price of goods listed under the Third Schedule of the Sales Tax Act, 1990.
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