A. KC Recommendations

1. In view of the matters in para B & C, we recommend taking care of Proper Disclosure seriously in TY 2025, as shortly IRIS 3.0 will show Pre-Filled Form, as the undersigned has seen and your Goodself would have seen US returns (and even may show Auto Revised Tax Calculation with Notice for Revision with Huge Demand, Default Surcharge & Heavy Penalties from IRIS 3.0 / Tax Department). The SMS Recipient OR having Income or Asset is Taxpayer or Not, he should immediately contact Tax Advisor OR Our Learned Team Members on Mobile & WhatsApp Mr Ali 0335 6777 786 and Only WhatsApp Mr Sirhan 0333 2288 382 OR Mr Amsal via Email at amsal@786tax.com with the following information in SMS; and even Otherwise Complete details of 1.7.24 to 30.6.25.

(a)   Debit & Credit Card payment details

(b)   Bank Statements of all the Bank Accounts

(c)   Property purchases & sales

(d)   Vehicles purchases & sales ⁠

(e)  Current Property / Property details

(f)   Current Vehicle/s ⁠details

(g)  Other relevant Information

2.   These above are necessary to avoid major Income Tax & Sales Tax Notices, Orders, Demand Notices, Recovery Notices and Bank Account Freezing.

3.  Also see matters in para D to F below for your Team Development and every next day will be difficult for Non-Filers (who may be your Non-Tax Team) and the Filers who have not disclosed lower income /& assets than correct income &/ assets (and there will be reduction in Bribery Culture, ISA).

B. Background

1. This refers to the related Important TLQCs in trail, etc like us blue, italic and double Line (a) 3307 of of 14.10.25 IT TY 2025 Return Extension expected due to several reasons (b) 3303 of 11.10.25 about ITR TY 2025: Debit & Credit Card, Bank Credits, etc & KCR Recommendations (c) 3294 of 3.10.25 about Save Bank Account/s Freezing of All Employees, Friends, etc - May Allah forbid

2. In Business Recorder of of 14.10.25, the undersigned matters was well covered as A Karachi based Top Expert voices concern over problems facing newly-registered taxpayers, Password recovery, Tax Credit, etc issues, hence suggested govt to allow. He appreciated Tax Bars PBC, PAFO efforts https://epaper.brecorder.com/2025/10/14/3-page/1069940-news.html (Attachment 3307.1).

C.   Updated Commentary

1. Further to KQU 3608 of 18.10.25, being an important matter, we would inform you about FBR to launch IRIS 3.0 digital tax platform to simplify tax filing (Attachment 3310.1) in the ensuing paragraph, with emphasis in bold & Underline, heading ours for quick reading.

2. The FBR is gearing up to launch IRIS 3.0, a next-generation digital tax platform aimed at simplifying tax return filing through pre-filled data, automated workflows, and enhanced user experience.

3. The announcement was made during a high-profile meeting hosted by the World Bank in Washington, D.C., where Pakistan’s tax system transformation was showcased as a global case study in public sector reform.

4. The meeting was attended by Federal Minister for Finance and Revenue Mr Muhammad Aurangzeb, Chairman FBR Mr Rashid Mahmood Langrial, Secretary Finance, Secretary Economic Affairs Division, and other senior officials. In his remarks, the Finance Minister highlighted Pakistan’s ambitious, homegrown institutional transformation plan, executed under the direct supervision of the Prime Minister of Pakistan. He emphasized that this plan encompasses reforms across people, processes, and technology, aiming to strengthen revenue administration and enhance macroeconomic stability.

5. The Minister pointed out that the reforms have already yielded early wins, contributing to visible improvements in revenue administration and overall economic indicators. He stressed that these initiatives are laying the foundation for long-term, sustainable economic growth in Pakistan.

6. During the presentation, Chairman FBR Mr Rashid Mahmood Langrial highlighted the remarkable increase in Pakistan’s tax-to-GDP ratio, which rose from 8.83% in FY 2023–24 to 10.33% in FY 2024–25, marking the largest single-year improvement in over two decades. This achievement, he explained, is the result of a data-driven, homegrown plan focused on transparency, compliance, and efficiency.

7. The FBR transformation journey began with an eight-week planning sprint in 2024, incorporating feedback from field officers nationwide and managed by a dedicated Delivery Unit. Unlike past isolated reforms, this initiative received full ownership and support from the Prime Minister and cabinet, ensuring alignment between policy, governance, and technology.

8. The upcoming IRIS 3.0 platform will leverage pre-filled forms, automated processes, and seamless digital workflows to simplify tax compliance for individual and corporate taxpayers. Officials stressed that while technology is critical, real transformation also requires structural reforms, process redesign, and workforce empowerment, making digital tools part of a holistic strategy rather than standalone solutions.

9. The presentation sparked an interactive discussion with delegates from other countries and development partners. Egypt’s Minister of Finance Ahmed Kouchouk praised Pakistan’s approach as a model for tax reform, highlighting the importance of homegrown planning and top-level political ownership. World Bank officials, including Mr Sandeep Mahajan, MNAAP Regional Practice Director, called Pakistan’s success a compelling example of effective revenue administration reform that could serve as a blueprint for South-South learning.

10. The dialogue underscored four key lessons from Pakistan’s experience: homegrown planning with simultaneous implementation, strong political ownership, an empowered internal transformation office, and integration of digital tools with complementary people and process infrastructure.

11. The session concluded with enthusiastic applause, marking global recognition for Pakistan’s efforts to build a transparent, efficient, and citizen-centric tax administration system. The launch of IRIS 3.0 is expected to further enhance ease of compliance, reduce administrative bottlenecks, and encourage greater tax participation across the country.

D.  Your Entity Tax Team Development to take care of future expected Notices for 40% Budget increase

For Tax, Levies, Corporate Compliance & Savings, we recommend your team members to attend the Courses considering their Education & Experience. These courses can be attended Physically at Karachi; Online from Karachi Lahore, Islamabad, etc and Recorded Lecture are also available. Click here for the Main Tax Flyer. Specific Level as per the following Courses, click Flyers and Tentative Registration Links. Please click on the Link for  (a)  Comparative Study to decide relevant Level by Mr Asif Kasbati FCA, FCMA, LLB and Courses Director (b) View of High Level Professionals view (c) Participants views 

E.  Broadening Tax Base to Reduce your tax in future budgets

Suggest Friends & Contacts to get Daily News Clipping, Updates & High Quality Commentary Subscriber in order to get this type of Quality emails, as per suggested by several High Level Professionals and current Subscribers.  For Flyer, click here. For video as  to the details about services, please click Link.  For Comments by High Level Professionals & Subscribers views, please click here. For 15 days FREE Samples as Trial, please fill Form, if not filled earlier. 

F.   Multiplication:

Although all the Commentaries are to the extent of the Subscribed IDs only, however, your Goodself is allowed to share this QC to Impart Knowledge to the maximum Employees, Relatives, Groups, etc as soon as possible in order to file proper return in the next 1 week. At this stage, we do not expect a general extension post 15.10.25.

G. Further Details & Services

Should you require any clarification or explanations in respect of the above or otherwise, or require Income Tax, Federal & Provincial Sales Tax or Withholding Tax Statement, Advisory, Return Filing or Review services, please feel free to email Mr Amsal at amsal@kasbati.co with CC to info.kasbati@professional-excellence.com, asif.s.kasbati@professional-excellence.com.

Best regards for Here & Hereafter

Asif S Kasbati (FCA, FCMA & LLB)

Managing Partner 

Kasbati & Co (1760+ Tax, Levies, Companies, Economy, Inflation, HR, Banking, Finance, etc

Quick Commentary Service Provider and High Level 590+Tax & Levies, etc Laws Consultants) 

Head of Tax & Professional Excellence Services (Symbols of High Quality Practical Tax, Levies & Corporate Training for Beginners to High Levels' Professionals) PTCL: 92-21-34329108 Mobile: 0334 322 3161 Website: kasbati.co Facebook:  https://www.facebook.com/taxexcellence/ 

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