Blog Posts

The Federal Board of Revenue (FBR) has introduced auto-populated fields in tax returns to make filing simpler for taxpayers. This new system automatically fills in important financial details like salary, bank profits, and mobile phone taxes directly from employers, banks, and telecom companies. While the move saves time and reduces mistakes, there are also some […]

You have probably heard the words filer, non-filer, & late filer; spoken around frequently while it can get irritating. But have you ever stopped to think how important these terms really are? That is why we have broken down the differences between Active Filer, Late Filer, and Non-Filer statuses; explaining what each term means, what […]

Pakistan’s federal budget for the fiscal year 2025 – 2026 has brought rays of hope for salaried individuals, with the government gave some significant income tax relief measures. By revising tax slabs and reducing rates, the Finance Act 2025 – 26 aims to ease the financial burden on low and middle-income earners while addressing economic […]

Pakistan’s Federal Budget 2025 – 2026 was presented in the National Assembly on June 10, 2025. A Rs. 17.6 trillion blueprint to spark economic growth, streamline taxes, and embrace digital transformation. It was designed with IMF guidelines in mind, this budget offers relief to everyday Pakistanis while pushing for fiscal discipline and modernization. Let’s dive […]

As Pakistan struggles with its economic challenges, the International Monetary Fund (IMF) has put forth a significant proposal. The IMF recommends imposing a standard individual income tax rate of up to 45% on agricultural income. This move aims to address income tax disparities without requiring constitutional amendments. Key Points: Background and Structural Benchmarks: Pakistan seeks […]

The Finance Bill 2024-2025, presented in the National Assembly on June 12, 2024, was approved and became the Finance Act 2024 on June 28, 2024. The recently approved federal budget for the fiscal year 2024-25 has sparked widespread discussions and debates, leading to significantly impacting the lives of Pakistani citizens.   The coalition-led federal government […]

The much-anticipated annual federal budget for Pakistan’s fiscal year 2024-2025 was announced on June 12, 2024. The latest budget introduces significant increases across various income and sales tax categories, with even more severe implications for non-filers and late filers. In this article, we’ll delve into the key aspects of the budget. Our main focus will […]

The Federal Board of Revenue (FBR) of Pakistan is entering a new era of tax transparency and compliance with its latest directive, SRO 1771(I)/2023. The notification now requires real-time access to databases and information across a wide range of organizations, including financial institutions like commercial banks, government departments, and other private entities. This move is […]

Exports of leather and goods are experiencing a significant surge in the international market, holding promising implications for the people of Pakistan. This upswing presents numerous potential benefits, and we’d like to outline how you can capitalize on this positive trajectory. As indicated by the Pakistan Bureau of Statistics (PBS), Pakistan’s exports of leather and […]

The much-anticipated annual federal budget for Pakistan’s fiscal year 2023-2024 was announced on June 9, 2023. This budget holds significant importance for individuals, businesses, and the overall economy of the country.  In this article, we will dig into the notable highlights of the budget, particularly focusing on the income tax and sales tax changes, which […]