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FTO Orders FBR Helpline Overhaul Amid Tax System Failures

28-Oct-2025
ISLAMABAD: Federal Tax Ombudsman (FTO) Dr. Asif Mahmood Jah has lambasted the Federal Board of Revenue (FBR) and its IT arm, Pakistan Revenue Automation (Private) Limited (PRAL), for gross maladminist...
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FTO Orders FBR Helpline Overhaul Amid Tax System Failures

Food Sector Circular Debt Soars to Rs325.6B

28-Oct-2025
ISLAMABAD: Pakistan’s food sector reels under a crushing financial crisis, with circular debt ballooning to Rs325.6 billion, per The News, citing Trading Corporation of Pakistan (TCP) data.As of Sep...
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Food Sector Circular Debt Soars to Rs325.6B

1.7M Filers Report Zero Income, FBR Preps Audits

28-Oct-2025
ISLAMABAD: A staggering 1.7 million individuals—nearly one-third of all return filers—have declared zero taxable income for the current fiscal year, igniting alarm at the Federal Board of Revenue ...
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1.7M Filers Report Zero Income, FBR Preps Audits

PSO Q1 Profit Explodes 502% to Rs11.2B

28-Oct-2025
KARACHI: Pakistan State Oil (PSO), Pakistan’s dominant oil marketing giant (PSX: PSO), has unleashed a staggering consolidated profit after tax of Rs11.2 billion for the quarter ended September 30, ...
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PSO Q1 Profit Explodes 502% to Rs11.2B

SBP Keeps Rate at 11%, Eyes 3.25–4.25% FY26 Growth

27-Oct-2025
KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) resolved to keep the key policy rate steady at 11% during its Monday meeting, deftly balancing the need to fuel acceler...
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SBP Keeps Rate at 11%, Eyes 3.25–4.25% FY26 Growth

CM Orders Probe into KDA’s Rs11.33B Irregular Contracts

27-Oct-2025
KARACHI: Chief Minister Murad Ali Shah has mandated a high-level inquiry into the Karachi Development Authority (KDA) for awarding Rs11.33 billion in contracts without mandatory tendering, as reported...
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CM Orders Probe into KDA’s Rs11.33B Irregular Contracts

PRA Tribunal Exempts Plot Sales from Provincial Sales Tax

27-Oct-2025
LAHORE: The Appellate Tribunal of the Punjab Revenue Authority (PRA) has delivered a landmark ruling, declaring that sales of developed plots by real estate developers do not constitute a taxable serv...
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PRA Tribunal Exempts Plot Sales from Provincial Sales Tax

Power Division Defends NEPRA’s KE Tariff Review as Pro-Consumer

27-Oct-2025
ISLAMABAD: The Power Division has vehemently rejected claims that the National Electric Power Regulatory Authority (NEPRA)’s recent multi-year tariff (MYT) review for K-Electric (KE) harms Karachiâ€...
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Power Division Defends NEPRA’s KE Tariff Review as Pro-Consumer

ECC Defers Tougher Vehicle Import Rules Amid Concerns

25-Oct-2025
ISLAMABAD: The federal government has postponed approval of proposed amendments to tighten vehicle import procedures under the personal baggage, transfer of residence, and gift schemes, citing concern...
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ECC Defers Tougher Vehicle Import Rules Amid Concerns

FTO Warns of Cybercriminal Control Over FBR IT System

25-Oct-2025
ISLAMABAD: The Federal Tax Ombudsman (FTO) has exposed a shocking security breach in the Federal Board of Revenue (FBR)’s IT system, alleging that cybercriminals have seized full control, compromisi...
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FTO Warns of Cybercriminal Control Over FBR IT System
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