Prime Minister Shehbaz Sharif has directed the implementation of a comprehensive National Targeting System to tackle sales tax evasion, smuggling, and under-invoicing across Pakistan. The announcement came during a high-level review meeting chaired by the
Federal Board of Revenue (FBR) Chief Commissioner Aftab Alam, in a recent address at the Association of Builders and Developers of Pakistan (ABAD) House in Karachi, emphasized the urgent need to increase Pakistan’s tax-to-GDP ratio in order to reduce the
In a major policy shift aimed at promoting export-led economic growth, the Government of Pakistan has announced the first phase of the National Tariff Policy 2025-30, which will be implemented in the upcoming Federal Budget 2025-26. This comprehensive ref
In a significant judgment that reinforces procedural transparency in tax administration, the Appellate Tribunal Inland Revenue (ATIR) has ruled that an income tax assessment order must be communicated to the taxpayer within the legally prescribed timefram
NTN Registration The National Tax Number (NTN) is a unique identifier issued by the Federal Board of Revenue (FBR) in Pakistan to individuals and businesses for tax purposes. For individuals, the NTN is typically their Computerized National Identity
In Pakistan, there are four main types of business structures, and each has its own rules, legal status, and setup process. These include: Sole Proprietorship Partnership Firm (Unregistered) Limited Liability Partnership (LLP – regi
The Federal Board of Revenue (FBR) is expected to broaden the scope of sales tax on services within the Islamabad Capital Territory (ICT) in the upcoming federal budget for the fiscal year 2025-26. Sources indicate that one of the major changes under con
PRAL to Provide Free Digital Invoicing Integration Services Ahead of FBR’s New E-Invoicing Mandate Lahore, Pakistan – In a recent awareness session organized by the All Pakistan Textile Mills Association (APTMA), Pakistan Revenue Automation Limited (PRAL
A Public Limited Company (PLC) in Pakistan is a legal business structure that allows the company to raise capital from the general public through shares. Regulated by the Securities and Exchange Commission of Pakistan (SECP) under the Companies Act, 2017,
A Private Limited Company is the most preferred legal business structure in Pakistan for entrepreneurs, startups, and SMEs who seek limited liability, business credibility, and corporate governance. Registered and regulated by the Securities and Exchange