FBR Raids Major Real Estate Developers in Lahore in Surprise Tax Crackdown
FBR raids Al Noor Orchard and Al Kabir Town in Lahore, seizing records in major crackdown to enforce tax compliance in real estate sector.
New Car Boom Drives 71% Rise in Withholding Tax Revenue
Pakistan’s withholding tax on new car registrations jumps 71% to Rs24.77 billion in FY2024-25 amid rising vehicle sales and tax reforms.
SRB Awards 1300cc Car in POS Invoice Prize Draw to Boost Tax Compliance in Sindh
SRB awards 1300cc car in POS prize draw as verified invoices surge to 90,937, boosting tax compliance and transparency in Sindh retail sector.
RTO-II Karachi Collects Record Rs154 Billion in Salary Tax in FY25
FBR’s RTO-II Karachi recorded Rs154 billion in salary tax collection in FY25, marking a 44% increase amid stronger compliance and digital tax enforcement.
FTO Directs FBR to Clear Refunds Before Starting Income Tax Recovery
The FTO has ordered FBR to ensure pending tax refunds are resolved before starting income tax recovery, offering major relief to taxpayers facing refund adjustment delays.
FBR Reports 15% Jump in Duty-Free Imports in FY2024-25
ISLAMABAD: The Federal Board of Revenue (FBR) has reported a sharp rise in duty-free imports during fiscal year 2024-25, highlighting […]
FBR Data Shows Karachi’s Share in Customs Duty Collection Declining
ISLAMABAD: The Federal Board of Revenue (FBR) has disclosed in its Year Book 2024-25 that the share of Custom House […]
CCP Proposes 10-Year Tax Incentives to Boost Local Solar Panel Manufacturing
The Competition Commission of Pakistan has recommended 10-year tax exemptions and other incentives to encourage domestic solar panel manufacturing and reduce reliance on imports.
Salaried Class Pays Rs420 Billion in Tax as Burden Continues to Increase
Pakistan’s salaried class contributed more than Rs420 billion in income tax during the first nine months of FY2025-26, reflecting a continued rise in tax burden on formal sector employees, according to FBR sources.
ICMAP Proposes Vacant Urban Land Tax in Budget 2026-27
ICMAP has recommended introducing an annual vacant urban land tax in Budget 2026-27 to bring idle urban plots into the tax net, improve land use, and discourage speculative real estate practices in Pakistan.