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The Federal Board of Revenue (FBR) has announced a new procedure for registered businesses to correct errors in their tax returns. According to the announcement, businesses can use one or more integrated systems, and in case of an error, they can cancel, delete, or update their tax returns within three days. The FBR’s integrated system will only allow for a change within 72 hours. In the event of an error, the commissioner’s approval will be mandatory. The FBR may also impose additional conditions for canceling, deleting, or updating tax returns.
The purpose of this new procedure is to facilitate real-time sales tax reporting, transparency, and ease of doing business. The All Pakistan Cement Manufacturers Association has stated that the Iran conflict has affected cement sales.
According to a report, the average inflation rate for July 2025 to March 2026 was 5.67%. The gold prices in Pakistan’s currency markets have again increased. The business index on the Pakistan Stock Exchange has risen above 3.3% at the start of the trading day. The Ministry of Finance has released the monthly Economic Outlook report.
The report from Islamabad states that inflation is expected to remain between 7.5% and 8.5% this month, and the remittances have increased by 10.5% in the first eight months of the financial year. The new LG (Local Government) tax rates will come into effect on April 1. The gold prices in Pakistan’s currency markets have again increased. The Pakistan Stock Exchange is seeing a positive trend at the start of the business day.
The briefing mentioned that the government is trying to buy oil at low prices. The global gold rate has increased to $45.33 per ounce, up $3.39. The Australian Prime Minister Anthony Albanese has announced a significant decision to reduce fuel prices in the country. The 100-Index closed at 1,51,707 points on the last day of the week. The global crude oil prices are rapidly increasing, and the increasing tensions between Iran and the US have raised concerns of a major energy crisis in the decade.
The South Korean Kospi index has fallen by 3.3% to 779 points. The gold prices in Pakistan’s currency markets have increased today. Jordan helped Israel in shooting down Iranian missiles and drones last year. The Israeli Foreign Minister has denied calling this war the last war.
The head of the French Navy has said that the number of Chinese ships passing through the Strait of Hormuz is not enough to restore normal traffic flow. According to a news agency, JD Vance will continue to negotiate with mediators until Tuesday, and President Trump has directed JD Vance to privately communicate with him. US Senator Chris Coons has targeted President Donald Trump in his criticism, in the context of the Iran war.
In a report by the American media, the top leaders of the two countries have discussed the Iran conflict.
