Islamabad

30/06/2025

ISLAMABAD: The Finance Bill 2025-26, approved by parliament, includes a provision for over 50 tax exemptions impacting several organizations. The...

FBR starts targeted crackdown on solar energy sector for tax compliance

ISLAMABAD: The Federal Board of Revenue (FBR) has initiated a targeted monitoring campaign, deploying its officers to oversee the sales...

Govt committed to maintaining financial discipline with balanced decisions: Dar

ISLAMABAD: Deputy Prime Minister, Foreign Minister Senator Ishaq Dar underscored the government’s commitment to taking balanced decisions that maintain financial...

FBR fixes minimum retail price of cement for sales tax calculation

ISLAMABAD: The Federal Board of Revenue (FBR) has issued a new notification (S.R.O. 1126(I)/2025) dated June 27, 2025, to fix...

Cash withdrawal restrictions under Section 114C primarily target individuals

ISLAMABAD: Under the latest amendments to Section 114C of the Income Tax Ordinance, restrictions on cash withdrawals from bank accounts...

FBR accused of “unprecedented negligence” as Anomalies Committee members protest

ISLAMABAD: A serious controversy has erupted over the Federal Board of Revenue’s (FBR) conduct, with Ehsan Malik, Chairman of the...

Advisor welcomes PBA support for govt. reforms, federal budget

ISLAMABAD: Advisor to the Finance Minister Khurram Schehzad welcomed and thanked the Pakistan Banks Association (PBA) for their strong and...

World Bank reaffirms longstanding support for Pakistan’s economic agenda: Ahad Cheema

WASHINGTON: Minister for Economic Affairs Ahad Khan Cheema held high-level discussions with World Bank leadership during his official visit to...

FBR establishes special facilitation desks for overseas Pakistanis

ISLAMABAD: In a significant initiative aimed at streamlining tax-related processes and providing comprehensive guidance, the Federal Board of Revenue (FBR)...

Meeting reviews progress on Pakistan’s Electric Vehicle Policy 2025–30

ISLAMABAD: Special Assistant to the Prime Minister (SAPM) on Industries and Production, Haroon Akhtar Khan has said that the government...

ECC accords in-principle approval of risk coverage schemes for farmers

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Friday accorded in-principle approval of risk coverage scheme for small...

FBR directed not to hike taxes, duties on imports from key nations

ISLAMABAD: The government of Pakistan has issued directives to the Federal Board of Revenue (FBR) not to increase taxes and...

FBR & banks partner for data exchange to curb tax evasion

ISLAMABAD: In a significant move aimed at curbing tax evasion and enhancing revenue collection, the Federal Board of Revenue (FBR)...

Revised finance bill 2025-26: No tax on salaries up to Rs600,000, new slabs introduced

ISLAMABAD: Under the amended finance bill for fiscal year 2025-26, individuals earning up to Rs600,000 annually will be exempt from...

Supplying goods without tax invoice to be treated as tax fraud

ISLAMABAD: The federal government has proposed a major amendment to the Finance Bill 2025, redefining the scope of tax fraud...

Pakistan witnesses historic 55pc surge in voluntary tax payments

ISLAMABAD: In a remarkable transformation of its tax landscape, Pakistan has recorded an unprecedented 55% annual surge in voluntary tax...

Supreme Court declares registration of FIRs against taxpayers unconstitutional

25/06/2025

ISLAMABAD: The Supreme Court (SC) on Wednesday declared the registration of FIRs and arrests of taxpayers unconstitutional. The court stated...

WB approves $194m to support education, water projects in Balochistan