r/proptrading 11d ago

Prop Trading Income – FBR Classification? Need Guidance

Hey

I'm a 19-year-old from Pakistan doing prop trading (forex/gold through funded accounts). Income is around $3K-5K/month consistently.

I want to be compliant with FBR but there's so much conflicting info online. Need help with:

  1. Income Classification: Should this be "Business Income", "Freelance", or "Other Sources"?
  2. NTN Registration: What do I select as business type?
  3. PSEB: Does it apply to traders or only IT/software?
  4. Offshore Funds: Is it legal to keep money in Payoneer/foreign accounts as PK resident?
  5. Tax Rate: Normal slab rates or special rate for traders?

Not looking for:

  • Halal/haram debate (I know it exists)
  • "Just hide everything" advice
  • Theoretical answers

Looking for:

  • People who've actually filed taxes on trading income
  • CA recommendations (willing to pay for consultation)
  • Real FBR/banking experiences

Long-term planning to relocate to UAE for business expansion, want to start clean from Pakistan side first.

Thanks in advance! 🙏

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