15+ hour, 50+ min ago   (379+ words) KARACHI: The Pakistan Meteorological Department (PMD) has forecast rain, thunderstorms, isolated heavy rainfall and hailstorms in Karachi and several districts of Sindh from Sunday night. According to the latest weather forecast, most districts of Sindh are expected to remain hot…...

22+ hour, 58+ min ago   (336+ words) FBR introduces an instalment facility for sales tax on imported mobile phones under the revised Ninth Schedule. ISLAMABAD: The Federal Board of Revenue (FBR) has allowed individuals to pay sales tax on imported mobile phones in instalments, introducing a new…...

23+ hour, 25+ min ago   (626+ words) ISLAMABAD: The Federal Board of Revenue (FBR) has significantly increased and rationalised penalties for violations of the Sales Tax Act, 1990, citing rising inflation and the need to strengthen tax compliance. The FBR explained the changes in Sales Tax Circular No....

4+ day, 14+ hour ago   (377+ words) Rashid Mahmood Langrial reviews pending tax issues with Karachi business leaders and seeks support for retailers’ scheme. FBR Chairman Rashid Mahmood Langrial held a meeting with a delegation of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) in…...

4+ day, 23+ hour ago   (299+ words) ISLAMABAD: The Federal Board of Revenue (FBR) has made it mandatory for banks and other financial institutions to electronically provide information on account holders involved in high-value deposits and withdrawals for automated tax cross-matching. The FBR issued Income Tax Circular…...

1+ week, 1+ day ago   (810+ words) The new facility provides banks and DFIs with first-loss guarantees of up to 25% to expand financing for women-led microenterprises and improve access to institutional funding. KARACHI: The State Bank of Pakistan (SBP) has launched the Women Microfinance Credit Guarantee Facility…...

1+ week, 2+ day ago   (455+ words) Diplomats, UN personnel and certain foreign government employees may qualify for income tax exemptions in Pakistan under Sections 42 to 44. ISLAMABAD: Diplomats, United Nations officials and certain foreign government employees may qualify for income tax exemptions in Pakistan during Tax Year…...

1+ week, 4+ day ago   (651+ words) FBR proposes new procedures for ADR applications, committee remuneration, multiple cases and withdrawal of pending tax appeals ISLAMABAD: The Federal Board of Revenue (FBR) has proposed amendments to Rule 231C of the Income Tax Rules, 2002, seeking to revise procedures for the…...

1+ week, 4+ day ago   (332+ words) The FBR issued S.R.O. 1497(I)/2026 on September 2, 2026, under Section 6A of the Anti-Money Laundering Act (AMLA), 2010. The notification amends the DNFBPs (Regulatory Powers and Functions) Regulations, 2020. Under the notification, the FBR has substituted the existing table in Regulation 3 with a revised table specifying…...

1+ week, 5+ day ago   (282+ words) Rs15bn investment will fund grid upgrades, feeder bifurcation and network improvements to provide more reliable electricity to Karachi’s industrial sector. KARACHI: K-Electric Board Chairman Shaheryar Chishti has announced that the power utility will invest Rs15 billion to strengthen its electricity infrastructure and…...