Parliament Passes Asset Declaration Bill for Civil Servants, Key Tax Legislation
Pakistan Assembly passes mandatory asset declaration for civil servants, crucial Income Tax bill, & other key legislation in a busy session Friday.
Rawalpindi Cantonment Board Official Suspended After Sealing Building with People Inside During Tax Drive
An official of the Rawalpindi Cantonment Board (RCB) has been suspended following a controversial tax recovery operation where a building […]
Customs Strengthens Cargo Tracking with Amended Rules
The Federal Board of Revenue (FBR) has officially announced amendments to the Customs Rules, 2001, introducing stricter measures for the […]
Government Considers Eliminating Taxes on Infant Milk Powder
Pakistan considers removing all taxes on infant milk powder in the next budget. Food Minister highlights global practices & forms a committee for input.
KCCI Urges Government to Expand Tax Net, Target 4.6 Million Unregistered Entities
KCCI urges Pakistan to expand tax net in Budget FY26, targeting 4.6M unregistered entities to ease burden on compliant businesses & boost revenue amid FBR shortfalls.
IMF Pushes Back on Pakistan’s Proposed Tax Relief for Salaried Class
IMF questions Pakistan’s proposed tax cuts for salaried class in budget talks, emphasizing revenue targets & key reforms. Final budget discussions continue.
Karachi Chamber Warns of Nationwide Protests Over New Tax Ordinance
KCCI warns of nationwide protests over Pakistan’s new Tax Ordinance 2025, demanding withdrawal & dialogue over anti-business laws & lack of consultation.
Sindh High Court Orders De-Sealing of Sowears Outlets
Sindh High Court orders de-sealing of Sowears outlets, halting FBR’s action over alleged Rs200m tax shortfall, pending Rs500k security deposit.
CAP Expresses Grave Concern Over FBR Tactics and Persistent POS Failures
Pakistan’s compliant retailers face a ‘perfect storm’ from aggressive tax enforcement and FBR’s failing POS system, warns the Chainstore Association.
Pakistan to Slash Import Taxes by Rs120 Billion in Upcoming Budget
Pakistan slashes import taxes by Rs120bn in budget to boost competition. Five-year plan aims for lower tariffs, sparking concerns over economic stability.