FBR Drafts Income Tax Rule Changes for Shipping, ATL and Tax System Integration
FBR has proposed amendments to the Income Tax Rules, 2002 covering non-resident shipping operators, automated return scrutiny, late-filer ATL inclusion and tax credits for system integration.
Textile Mills Seek Punjab Cess Exemption on EFS Imports Through Karachi Ports
Aptma has asked PSW to exempt eligible Export Facilitation Scheme imports from Punjab infrastructure cess when consignments are cleared through Karachi ports.
FBR Wealth Statement Rules for Tax Year 2027 Cover Assets, Liabilities and Spending
FBR can require individuals to submit detailed wealth statements for Tax Year 2027, including information on assets, liabilities, foreign holdings and expenditures.
Pakistani Developer Launches AI Search Platform for Government Services
Pakistani developer Raheel Siddiqui has launched Ask Pakistan, an AI-powered platform that searches official government information in English, Urdu and Roman Urdu.
Pakistan Targets $15 Billion Foreign Financing as IMF Seeks Faster Energy Reforms
Pakistan expects $15 billion in foreign financing this fiscal year while the IMF urges faster energy reforms and compliance with circular debt targets.
Karachi Tax Bar Urges FBR to Fix IRIS Issues Before Tax Year 2026 Filing Deadline
Karachi Tax Bar Association urges FBR to address IRIS downtime, excessive data requirements and technical issues affecting Tax Year 2026 return filing.
FBR Addresses Registration Issues Under Special Tax Scheme for Small Shopkeepers
FBR says the special tax scheme for small shopkeepers is in its initial implementation phase and urges traders facing registration problems to seek direct assistance.
Pakistan Banks Extend Working Hours Until 10pm for Tax Payments on September 30
Commercial banks in Pakistan will keep branches open until 10pm on September 30 to facilitate government tax and duty payments ahead of the tax return deadline.
FBR Urged to Extend Tax Year 2026 Return Filing Deadline to December
Tax bar associations, chambers and trade bodies have urged FBR Chairman Rashid Mahmood Langrial to extend the Tax Year 2026 income tax return deadline amid IRIS glitches and delayed forms.
FBR Suspends Sales Tax Registrations Over E-Invoicing Non-Compliance
FBR has started suspending sales tax registrations of taxpayers that failed to integrate with its electronic invoicing system, raising concerns over enforcement powers.