The Federal Board of Revenue (FBR) has officially extended the deadline for filing income tax returns for the 2025 tax year by sixteen days, allowing submissions until October 31.
The tax authority issued a notification on Wednesday confirming the extension, which comes as relief for individuals, businesses, and associations seeking more time to complete their filings.
This is the second extension announced by the FBR, as the earlier deadline had been moved from September 30 to October 15 following widespread appeals from taxpayers and professional bodies.
According to officials, the latest decision was made in response to repeated requests from trade bodies, tax bar associations, and business groups that cited difficulties in meeting the prior deadline.
The FBR has been under pressure to boost collections after facing a shortfall of Rs1.2 trillion against its revised revenue target of Rs12.97 trillion for FY25.
Earlier to this, FBR has clarified the car import rules for overseas Pakistanis. They confirmed that only Pakistanis living abroad, including those in the United Arab Emirates (UAE) and other countries, can import vehicles under the gift or transfer of residence schemes.
According to FBR rules, Pakistani nationals residing overseas, including dual nationals, can bring old or used vehicles into the country under three schemes. These are personal baggage, gift scheme, and transfer of residence.
However, strict conditions apply. Used sedans, hatchbacks, and other small cars must not be older than three years. Other vehicle types such as Sport Utility Vehicles (SUVs) and Pickup trucks must not exceed five years. The duty and tax structure remains the same under all three schemes. Motorcycles and scooters, however, are only allowed under the transfer of residence scheme.
