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FBR Faces Revenue Shortfall, but Optimism for Recovery in Final Quarter of FY 2024-25

01-Feb-2025
The Federal Board of Revenue (FBR) has provisionally collected Rs872 billion in January 2025, falling short of its target of Rs956 billion by Rs84 billion. This shortfall contributes to a cumulative r...
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FBR Faces Revenue Shortfall, but Optimism for Recovery in Final Quarter of FY 2024-25

Electricity FCA Relief for Consumers, But Power Plant Shutdowns Keep Costs High

31-Jan-2025
Electricity consumers are set to benefit from a fuel cost adjustment (FCA) relief of Rs1.03 per unit for December 2024, potentially reducing their electricity bills in February 2025.However, concerns ...
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Electricity FCA Relief for Consumers, But Power Plant Shutdowns Keep Costs High

Power Division Directs DISCOs to Sign Service Agreements with Industries for Stable Electricity Supply

31-Jan-2025
The Power Division has directed all electricity distribution companies (DISCOs), including K-Electric, to establish exclusive service agreements with industries that operate captive power generation p...
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Power Division Directs DISCOs to Sign Service Agreements with Industries for Stable Electricity Supply

Tax Reforms Accelerating in Pakistan, Agriculture Income Tax and FBR Transformation

31-Jan-2025
Finance Minister Muhammad Aurangzeb confirmed that two provincial assemblies had passed legislation on agricultural income tax, with progress also being made in Sindh and Balochistan. He assured that ...
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Tax Reforms Accelerating in Pakistan, Agriculture Income Tax and FBR Transformation

Federal Government Slashes Savings Rates!

31-Jan-2025
The federal authorities have slashed the profit percentages across various national savings schemes by as much as 2%, in line with the recent 100 basis point reduction in the policy rate by the State ...
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Federal Government Slashes Savings Rates!

Karachi Property Registrations Stall Due to FBR New Valuation Notification

30-Jan-2025
Property registrations for multi-story buildings in Karachi have come to a standstill due to confusion surrounding the Federal Board of Revenue’s (FBR) new fair market valuation (FMV) notification.The...
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Karachi Property Registrations Stall Due to FBR New Valuation Notification

Excise Department Cracks Down on Token Tax Defaulters

30-Jan-2025
The Excise and Taxation Department has ramped up efforts to target token tax defaulters, with Director General Umar Sher Chattha instructing a suspension of vehicle registrations for those who fail to...
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Excise Department Cracks Down on Token Tax Defaulters

Fuel Price Surge Expected in February, Impact on Consumers and Inflation

30-Jan-2025
Consumers are likely to face a rise in fuel prices as the cost of petrol and high-speed diesel (HSD) is expected to increase during the first half of February.Industry sources suggest that the ex-refi...
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Fuel Price Surge Expected in February, Impact on Consumers and Inflation

Pakistan Maritime Sector, A Massive Untapped Economic Opportunity

30-Jan-2025
Despite its strategic geographic location, Pakistan has failed to fully exploit its maritime potential, with its ports not ranking among the world’s top 60. The country suffers an annual loss of nearl...
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Pakistan Maritime Sector, A Massive Untapped Economic Opportunity

FBR New Tactics for Tax Recovery Spark Controversy

30-Jan-2025
The Federal Board of Revenue (FBR) is facing backlash after its field offices reportedly began issuing tax recovery notices to salaried individuals, allegedly as a way to meet their revenue targets. A...
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FBR New Tactics for Tax Recovery Spark Controversy
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