Pakistan Income Tax Returns Jump 45% to 5.77 Million
Pakistan received 5.77 million income tax returns by September 30, up nearly 45% from a year earlier, with non-salaried individuals driving most of the increase.
Pakistan economy news, inflation, interest rates, taxation, energy and economic policy.
Pakistan received 5.77 million income tax returns by September 30, up nearly 45% from a year earlier, with non-salaried individuals driving most of the increase.
FBR says 85 taxpayers inserted Rs9.41 billion in previously undeclared assets through late revisions of old wealth statements, with 48 criminal inquiries launched.
Pakistan raised Rs880 billion in the latest Treasury bill auction as cut-off yields increased across all three tenors, led by a 75-basis-point rise on six-month bills.
OGRA has raised the notified LPG price for October to Rs279.34 per kg, lifting the price of an 11.8kg domestic cylinder to Rs3,296.23.
FBR collected Rs3.083 trillion in July-September FY27, exceeding its first-quarter target by Rs30 billion as sales tax receipts outperformed.
FBR has extended the Tax Year 2026 income tax return deadline to October 15 for people whose returns were due on September 30.
Gold in Pakistan rose Rs4,300 to Rs441,636 per tola on September 30, while the 10-gram rate increased to Rs378,631 as international gold also advanced.
FBR says a circular claiming that Pakistan's Tax Year 2026 income tax return deadline has been extended is not genuine and was not issued by the authority.
SECP has proposed raising financing limits for microenterprise and housing loans to Rs5 million and increasing the individual borrower income threshold to Rs1.5 million.
Pakistan's $3 billion dual-tranche Eurobond attracted nearly $6 billion in investor demand, with 5.5-year and 10-year bonds listed in London.
Punjab is assessing participation in Pakistan's first 400MW electricity wheeling auction, reviewing prices, grid charges, commercial viability and bidding risks.
Commercial bank branches in Pakistan will stay open until 10pm on September 30 for over-the-counter government duty and tax payments, the SBP says.
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