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FBR Plans Tax on EFS Raw Materials in Budget

23-May-2025
Islamabad, May 23 — The Federal Board of Revenue (FBR) is poised to impose a sales tax on imported raw materials used in exported finished goods under the Export Facilitation Scheme (EFS) in the 202...
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FBR Plans Tax on EFS Raw Materials in Budget

NA Delays Tax Bill, Seeks FBR, Export Reforms

23-May-2025
Islamabad — The National Assembly’s Standing Committee on Finance and Revenue on Thursday, May 22, 2025, deferred discussions on the government-sponsored Income Tax (Second Amendment) Bill, 2025, ...
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NA Delays Tax Bill, Seeks FBR, Export Reforms

FBR Boosts Tax Recovery with Extended Hours

23-May-2025
The Federal Board of Revenue (FBR) has issued a stern directive to its Inland Revenue field formations, demanding an aggressive ramp-up in enforcement and recovery operations to meet the ambitious tax...
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FBR Boosts Tax Recovery with Extended Hours

New Textile Policy Cuts Cotton Tax, Faces US Tariffs

22-May-2025
Commerce Minister Jam Muhammad Kamal revealed to the National Assembly that the government is crafting a new textile policy, poised to propose a sales tax exemption on the current 11% levy on domestic...
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New Textile Policy Cuts Cotton Tax, Faces US Tariffs

Pakistan Investment Up to 13.8%, Targets Unmet

22-May-2025
Pakistan’s investment ratio has edged up to 13.8% of Gross Domestic Product (GDP) for Fiscal Year 2025, per figures endorsed by the National Accounts Committee, yet it falls short of the official ta...
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Pakistan Investment Up to 13.8%, Targets Unmet

IMF Proposes Fertiliser, Pesticide Tax Hike in Budget

22-May-2025
The International Monetary Fund (IMF) has pressed Pakistan to hike the Federal Excise Duty (FED) on fertiliser from 5% to 10% and impose a new 5% tax on pesticides in the upcoming federal budget, acco...
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IMF Proposes Fertiliser, Pesticide Tax Hike in Budget

IMF Reviews Pakistan’s Tax Relief, Budget Talks Ongoing

22-May-2025
The International Monetary Fund (IMF) has yet to finalize its stance on Pakistan’s request for tax relief measures in the 2025-26 budget, set for June 2, as tense negotiations continue over agricult...
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IMF Reviews Pakistan’s Tax Relief, Budget Talks Ongoing

Government Expands 25% Luxury Sales Tax List

21-May-2025
The government is set to expand the scope of luxury items facing a 25 percent sales tax on imports and local sales in the 2025-26 federal budget, according to Business Recorder. This strategic move wi...
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Government Expands 25% Luxury Sales Tax List

Senate Condemns Punjab Police, NAB Housing Issues

21-May-2025
The Senate Standing Committee on Housing and Works on Tuesday, May 20, 2025, raised grave concerns over the Punjab Police’s illegal occupation of Ministry of Housing and Works accommodations in Wafa...
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Senate Condemns Punjab Police, NAB Housing Issues

SBP Launches Regulatory Sandbox for Fintech Testing

21-May-2025
The State Bank of Pakistan (SBP) has formally launched the Guidelines for its Regulatory Sandbox (RSB), a groundbreaking move under its Vision 2028 initiative, aimed at revolutionizing Pakistan’s fi...
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SBP Launches Regulatory Sandbox for Fintech Testing
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