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Articles for tag: expand, IMF, maintain, monetary, Pakistan, policy, regime, Tax, tight, urges

December 10, 2025

News Desk

IMF urges Pakistan to maintain tight monetary policy and expand tax regime

This picture shows the seal for the International Monetary Fund (IMF) in Washington, DC on January 26, 2022. — AFP— AFP Efforts should be focused on improving the business environment: formal. Nigel Clarke says the reforms have helped macroeconomic stability. Advises SBP to allow exchange rate flexibility to absorb shocks. ISLAMABAD: After approving two tranches of a loan totaling $1.29 billion, the International Monetary Fund (IMF) has urged Pakistan to continue a tight monetary policy, expand and simplify its tax regime, adjust electricity and gas tariffs and continue structural reforms to fix the troubled economy. The News reported on Wednesday.

November 30, 2025

News Desk

Denmark has assured a gradual reduction of the tax

Minister encourages Danish companies to explore Pakistan’s rapidly growing IT talent pool Islamabad: Federal Commerce Minister Jam Kamal Khan held a meeting with the Ambassador of Denmark to discuss ways to enhance bilateral trade, investment cooperation and energy sector cooperation between the two countries. During the meeting, the minister highlighted Pakistan’s ongoing stabilization measures under the International Monetary Fund (IMF) loan program, noting that the temporary tax hikes created pressure on businesses but were necessary to meet revenue targets. He assured the envoy that the government intends to gradually ease the tax burden and improve the overall business environment. Jam

November 29, 2025

News Desk

The SIFC urges a review of the tax regime, interest rates and exchange rate policy

Warns excessive taxes, high rates hurt investment, calls for export-led strategy instead A view of business offices and residential apartments under construction in Karachi, Pakistan, September 23, 2025 Photo: Reuters Islamabad: Special Investment Facilitation Council (SIFC) National Coordinator Lt. Gen. Sarfraz Ahmad on Thursday unveiled a road map to make the economy competitive by significantly reducing the tax burden on businesses, reducing interest rates and having a realistic exchange rate. In an address to Pakistan’s top businessmen, the SIFC coordinator said the country’s development plan was “lacking”. He urged all stakeholders to agree on an export-led model of economic growth

November 28, 2025

News Desk

PSX climbs 1.3k points amid optimism over tax relief

The Pakistan Stock Exchange (PSX) closed on Friday, November 28, 2025 with strong gains, as the KSE-100 index rose 1,304 points, or 0.99%, to close at 166,678. The session opened on a positive note and held steady, boosted by significant institutional buying amid reports that the Prime Minister ordered the Federal Board of Revenue to cut supertax rates for large companies, which lifted market sentiment. “The market opened steadily and maintained its positive trajectory throughout the session. The rally was largely fueled by institutional markets following media reports that the Prime Minister asked the FBR to reduce the super tax

November 5, 2025

News Desk

FBR extends deadline for submission of manual tax return till November 30

This image released on March 3, 2022, shows the FBR building. — Facebook@Fbrspokesperson FBR to set up dedicated cells in each office for manual file records. Filers are encouraged to visit offices for assistance with the electronic system. Extension of time under section 214A of the Income-tax Act. The Federal Board of Revenue (FBR) has extended the deadline for manual filing of returns till November 30, describing it as one of the “special measures” to help manual income tax filers as part of its ongoing efforts to fully digitize tax operations across Pakistan. A spokesman said the decision was made

November 3, 2025

News Desk

FBR cells flag ‘tax evaders’ living richly at HQ, RTO for action

A policeman walks past the Federal Board of Revenue (FBR) office building in Islamabad, August 29, 2018. — Reuters Aventador and Phantom lead the list of luxury vehicles. The Lahore-based travel influencer has logged over 25 trips abroad. Influencer upgrades from Civic to Land Cruiser V8. Islamabad: The Lifestyle Monitoring Center of the Federal Board of Revenue (FBR) has identified taxpayers flaunting lavish lifestyles while declaring negligible income in their returns, The News reported on Monday. The Hive has forwarded files of additional suspected tax evaders to FBR headquarters and concerned Regional Revenue Offices (RTOs) to initiate formal proceedings. Some

November 3, 2025

News Desk

FIA files case against former FBR chief Shabbar Zaidi for ‘unauthorized tax refunds’

Former FBR Chairman Syed Shabbar Zaidi speaks at a session organized by Pakistan Institute of International Affairs, Karachi, September 13, 2025. — APP Companies Named: HBL, Engro, SCB, MCB, DGKC, Maple Leaf. The period spans before and during Zaidi’s tenure at the FBR. Refund years reported: 2005–07, 2012–14, 2016–17. KARACHI: The Federal Investigation Agency (FIA) has registered a corruption case against former Federal Board of Revenue (FBR) chairman Shabbar Zaidi, alleging that unauthorized tax refunds worth billions of rupees were issued during his tenure, according to an FIR filed at the FIA’s Anti-Corruption Circle, Karachi. Zaidi is a Pakistani Chartered

November 2, 2025

News Desk

FBR reports over 17% increase in tax return filings

A policeman walks past the Federal Board of Revenue (FBR) office building in Islamabad, August 29, 2018. — Reuters 3.6 million taxpayers filed returns with payments. Individual tax payments increased by nearly Rs 9 billion. FBR credits outreach campaigns for growth. The Federal Board of Revenue (FBR) has recorded a significant increase in income tax returns for the tax year 2025, marking a new milestone in voluntary compliance and awareness among taxpayers. By October 31, 2025, a total of 5.9 million tax returns have been submitted, compared to 5 million returns in the corresponding period last year, showing an increase

October 21, 2025

News Desk

A nationwide fuel shortage looms as oil shipments are held up by a tax dispute

A large number of oil tankers are parked near Shireen Jinnah Colony in Karachi. — Online/Archive Oil cargoes remain stranded at Karachi ports. Five large petrol and diesel vessels are awaiting clearance. Sindh restores 100% IDC bank guarantee requirement. Pakistan faces the risk of nationwide fuel shortages as many oil cargoes remain stuck at ports following the Sindh government’s decision to reinstate the 100% bank guarantee requirement under the Sindh Infrastructure Development Certificate (IDC). The oil industry has warned that the move could disrupt the country’s fuel supply chain within days if the issue is not resolved promptly, The News

October 21, 2025

News Desk

FBR’s ‘Lifestyle Monitoring Cell’ zeroes in on 20 suspected tax evaders

You can see the Federal Board of Revenue (FBR) building. — X@FBRRepresentative/Archive Intelligence reports are shared with RTOs at the national level for action. Investigations target rich assets, minimal income tax returns. Three tax evasion cases analyzed by investigators. ISLAMABAD: FBR’s lifestyle monitoring unit has flagged more than 20 cases where taxpayers show multi-million rupee assets, luxury vehicles and frequent trips abroad, yet declare negligible assets in their tax returns. The News was mentioned. Investigators point to three cases. In one case, a person from southern Punjab allegedly owned 19 late-model vehicles worth Rs 624 million, but in the tax

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