
FBR sets Rs 200,000 cash payment limit, e-commerce CoD orders
In this regard, the FBR has issued Circular No. 02 of 2025-26 (Income Tax) on Friday.
Pakistan's e-commerce sector faces operational costs surge amid new taxes
According to the income tax circular issued on Friday, in order to promote the government's overall objective of cashless economy and in line with the provisions of section 21 (s) of the Income Tax Ordinance. 2001, it is reiterated that the same principle on transaction limits for cash-based payments as for retail outlets to be followed for e-commerce COD orders as well.
The limit for cash transaction for both shall be Rs. 200,000/- for this purpose, FBR added.
Copyright Business Recorder, 2025

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Recorder
18 hours ago
- Business Recorder
Marka-e-Haq 14th August Youm-e-Azaadi: Message from M. Ishaq Dar, Deputy Prime Minister and Minister for Foreign Affairs of the Islamic Republic of Pakistan
On this Independence Day, we pay tribute to Quaid-i-Azam Muhammad Ali Jinnah for his leadership and vision, as well as the workers of the Pakistan Movement for their countless sacrifices to secure an independent homeland for the Muslims of South Asia. Pakistan was founded on the ideals of unity, faith, and discipline, and today we stand proud as a resilient nation of over 250 million people. Over the past 78 years, Pakistan has made significant strides in building a dynamic economy, advancing in science and technology, and contributing meaningfully to global peace and development. From our robust agricultural base to our growing IT exports, from successfully hosting important international events to launching ambitious infrastructure projects, Pakistan is steadily advancing towards a brighter future. Recent months have witnessed the indomitable spirit of Pakistan manifested on both military and diplomatic fronts. Through Operation Marka-e-Haq, our principled, lawful, and resolute response to India's illegal actions achieved a significant moral and political victory. By combining military preparedness with diplomatic acumen and national unity, we have demonstrated to the international community Pakistan'sunwaveringcommitment to defend its sovereignty while upholding global peace. We have reaffirmed that the Kashmir cause remains just, rights of Kashmiri people inalienable, and Pakistan's support unshakable until justice prevails. As we celebrate this Independence Day in Pakistan and across the globe, let us rededicate ourselves to building a stronger, more secure, and prosperous nation. Our greatest strength endures in the unity that forged our nation and in our collective resolve to uphold the principles of democracy, peace, and justice that inspired our beloved homeland's creation. Pakistan Zindabad! Copyright Business Recorder, 2025


Business Recorder
19 hours ago
- Business Recorder
CJP's pension reaches Rs2.39m in 2024; Senate told
ISLAMABAD: In a startling disclosure, the government informed the Senate on Friday that the pension of the Chief Justice of Pakistan has ballooned to an eye-watering Rs 2.39 million in 2024 – a fourfold increase since 2010. The revelation came in a routine written reply from the Ministry of Law and Justice, led by Azam Nazeer Tarar, igniting fresh debate over judicial perks amid a backdrop of widening economic inequality. The Ministry's breakdown laid bare a consistent, steep upward trajectory: from Rs 560,000 in 2010, the pension of the country's top judge climbed annually to reach over Rs 2 million by this year. This includes notable jumps – Rs 1.005 million in 2015, Rs 1.338 million in 2018, and a leap to Rs 2.39 million just this year. The figures prompt urgent questions about fiscal responsibility and transparency in the allocation of public funds for the country's superior judiciary. Further fuelling public scrutiny, the Senate was told that the Chief Justice's widow enjoys lavish benefits – including a driver, orderly, free water supply, an exemption from income tax, and monthly allowances covering Rs 3,000 worth of telephone calls, 2,000 electricity units, and 300 litres of petrol. Critics argued these privileges, extending well beyond standard provisions, illustrate entrenched elitism within the country's corridors of power. The disclosures overshadowed proceedings as the Senate moved swiftly on other legislation, including the Petroleum Amendment Bill, 2025 and the Virtual Estates Ordinance 2025. The latter sparked visible friction when Senator Afnanullah of the ruling Pakistan Muslim League-Nawaz (PML-N) staged a walkout, accusing his own party government of intellectual theft. 'This bill is mine,' Afnan protested. 'I spent months preparing it, only for the government to block it and then present a copied version. This is outright cheating – credit must be given where it's due.' The Senate's rapid referral of these contentious bills to standing committees leaves their fate uncertain, yet the Chief Justice of Pakistan's pension hike is certain to ignite ongoing debate over judicial accountability and the prioritisation of public resources in a country grappling with economic hardship. Copyright Business Recorder, 2025


Business Recorder
19 hours ago
- Business Recorder
Minorities and LG sectors: PDWP approves 15 uplift schemes worth Over Rs96bn
LAHORE: The Provincial Development Working Party (PDWP) of the Punjab on Friday approved 15 development schemes of Minorities and Local Government sectors with a cumulative estimated cost of Rs 96 billion. The PDWP approved conservation/preservation of Gurdwaras, Churches, and Mandirs – Special Initiative at an estimated cost of Rs 1.5 billion under a project of promoting the religious tourism in the province. Under the Punjab Development Program, the meeting approved schemes for improvement of Sewerage & Storm Water Drainage Facilities in Khanewal City, Kamoki, Vehari, and Wazirabad at an estimated cost of over Rs 22.475 billion. While the scheme for creation of Model Villages (Misali Gaon) through Improved Municipal Services in Rawalpindi, Faisalabad, Gujranwala, Lahore, Gujrat, Multan, Dera Ghazi Khan, Sargodha, Bahawalpur, and Sahiwal were also approved. The schemes named as model villages will cost over Rs 71.919 billion. Approval to these schemes was accorded at the 19th meeting of the Provincial Development Working Party (PDWP) for the fiscal year 2025–26, which was held under the chairmanship of Dr. Naeem Rauf, Chairman, Planning & Development Board, Punjab. The meeting was attended by Secretary P&D Board Rafaqat Ali, Special Secretary Local Government Ms. Asia Gul, Chief Economist Masood Anwar, members of the P&D Board, and other senior officers. Copyright Business Recorder, 2025