FBR Misses Monthly Revenue Target During November 2025, the Federal Board of Revenue collected approximately Rs. 885 billion, falling short of its monthly target of Rs. 995 billion. Cumulatively, July–November revenue reached Rs. 4,730 billion against the target of Rs. 5,045 billion. The shortfall shows persistent challenges in tax compliance. Business owners and consultants should prioritize robust tax planning and timely filing.
FBR Clarifies Criteria for Active Taxpayer List (ATL) FBR announced that the ATL for 2025 will be based on the Tax Year 2025 returns. Taxpayers who submitted extensions on time will not be excluded. This clarification reduces uncertainty. Consultants must guide clients to maintain ATL status and avoid penalties.
SECP Reports Rise in Company Registrations SECP registered 14,802 new companies in the first four months of FY 2025–26, bringing the total to around 272,918. Rising incorporations indicate growing entrepreneurial activity. This creates opportunities for consultants in advisory, compliance, and governance services.
SECP Engages ICAP & ICMA on Cost Audit Reforms SECP initiated consultations with ICAP and ICMA to reform the cost audit regime and streamline reporting. These reforms will reduce administrative burden and improve transparency. Consultants should prepare for updated formats and guide clients proactively.