On Monday, the government defended the recently issued tax laws law (amendment), 2025, and described it as a focused intervention to deliver legal and administrative gaps to implement taxes and recover revenues. The law was signed by President Asif Ali Zardari on May 2, the decree provides the so -called Financial Department “only three specific … Read more
Islamabad: The Federal Revenue Council (FBR) inaugurated the office of the Director General (Special Initiatives-Customs) to address critical issues in the country’s revenue collection system, with a focus on eliminating the wrong activities of the sinner and threatening activities. A recent FBR notification, issued on Friday, reveals that the establishment of this office has been … Read more
IslamabadIn 2025 Ramadan has handed over the second best returns to the Pakistani Stock Exchange (PSX) since 2015, according to a report issued by ARIF Habib Limited (AHL). During this period, the KSE-100 index recorded 5.2 %. AHL highlighted that, historically, the average return during Ramadan since 2015 was 1.3 %. However, Ramadan 2024 witnessed … Read more
The Railways in Pakistan achieved record revenues of 88 billion rupees in 2024, which reflects an increase of 40 % on an annual basis as it provided 10 new shipping trains, and the capacity of an expanded trainer, and provided service promotions including executive bathrooms and food halls. According to government performance review, the railways … Read more
Islamabad: The government put its attention on collecting 250 billion rupees by expanding the scope of the tax network, implementing the framework of compliance risk management (CRM), and targeting retailers as part of a wider effort to close a significant shortage of revenue worth 604 billion rupees in the first eight months of the current … Read more
The government is optimistic about the successful result in the first review of the International Monetary Fund (IMF), which will determine the issuance of a $ 1.1 billion chip under the $ 7 billion in the Fund’s facilities (EFF). The International Monetary Fund team, led by Nathan Porter, will hold discussions with the Pakistani authorities … Read more
President Asif Ali Zardari affirmed the legal authority of the Sind Revenue Council (SRB) to impose and collect the Working Fund (WWF) in Karachi, and refused to appeal the Federal Revenue). The decision supports the previous directive of FTO, which announced that FBR had no jurisdiction to collect the Global Fund for Nature in Sindh, … Read more
The Federal Revenue Council (FBR) has been appointed to make major amendments to the EFS 2021 to prevent revenue loss and tighten controls on customs duties exempt. One of the main reviews includes withdrawing the EFS facility from the scrap importers of iron and steel. The changes, recently approved by the Economic Coordination Committee (ECC) … Read more
The Federal Chairman (FBR) Rashid Mahmoud Langeral attributed the revenue deficit in the first half of the fiscal year 25 to an independent growth less than expected, driven by the stability of the exchange rate, subjugation inflation, and the intelligence of the slow GDP and the manufacturing sector. The Senate Standing Committee reported that these … Read more
Islamabad: The Revenue Division suggested one time exemption from the government’s policy that requires the cancellation of 60 % of the vacancies in its field formations, noting the challenges faced by the FBR in implementing its transformational plans. This request was discussed during a meeting of the ministerial committee concerned with reducing the size of … Read more