The Financial Daily

Sunday, July 6, 2025

Top 5 This Week

Related Posts

Zawar Dars urges Sindh Govt, security agencies to issue orders to provide security in Agham Kot

HYDERABAD: With the arrival of the mourning period (Ayyam-e-Aza), district administrations across Pakistan are actively convening key meetings and preparing comprehensive security plans for the occasion, says a Press release.
It is important to clarify that Ayyam-e-Aza is not limited to the 1st to the 10th of Muharram. Rather, it extends from the 1st of Muharram to the 8th of Rabi-ul-Awwal – spanning more than two months of continuous mourning in remembrance of Syed-us-Shuhada, Imam Hussain (A.S.). Security arrangements must therefore reflect the full duration of this sacred period.with PCDMA members, Valimuhammad criticized the FBR for introducing untested compliance measures without consulting the business community. “The FBR is rolling out new requirements every week, yet taxpayers continue to struggle with filing accurate sales tax returns for March and April 2025,” he said.
The chairman specifically highlighted the newly proposed e-invoicing and e-filing systems in the 2025-26 budget, arguing that these measures were imposed without stakeholder input or consideration for businesses already grappling with years of low growth. “Instead of adding more monthly compliance burdens, the FBR should first resolve existing filing challenges,” he urged.
PCDMA members also voiced frustration over the expanded discretionary powers granted to FBR officials without safeguards. “There’s no forum for taxpayers to report abuse of authority,” Salim Valimuhammad noted, demanding the formation of a joint committee with trade bodies to review coercive actions.
While the association welcomed the FBR’s crackdown on non-filers and the new “eligible/non-eligible” taxpayer classification in the budget, it reiterated that revenue targets will remain elusive unless compliance policies are streamlined. “Arbitrary measures hurt both businesses and the FBR’s own goals,” he concluded.

Popular Articles