Bank Alfalah Report Tax Contingencies and Ongoing Disputes for FY2025
Bank Alfalah disclose tax contingencies in annual financial statements for 2025, including income tax and sales tax disputes spanning multiple years, with appeals ongoing before tax authorities and courts in Pakistan.
Pakistan May Seek IMF Approval to Cut Business Taxes to Boost Investment
Arif Habib says Pakistan is likely to approach the IMF to reduce high business tax rates, create fiscal space, and attract local and foreign investment under the ongoing EFF programme.
FBR Proposes Gradual Recovery of Rs217 Billion Super Tax to Protect Businesses
FBR Chairman assures phased collection of Rs217 billion in super tax arrears to prevent business closures, while senators warn against sudden tax burdens.
FBR Targets Rs327 Billion in Super Tax Recovery from Large Corporates Following Court Ruling
Following a Federal Constitutional Court ruling, Pakistan’s FBR intensifies super tax recovery, issuing notices worth over Rs200 billion to large taxpayers and projecting total collections of Rs327 billion, including major contributions from oil and gas companies.
FBR Rolls Out 25-Page “Simplified” E-Filing Tax Form for 2025, Invites Feedback on New Rules
Pakistan’s Federal Board of Revenue has introduced a draft 25-page electronic income tax return form for individuals and companies for tax year 2025, inviting public feedback before finalizing the new compliance framework.