FBR
Govt Orders Banks to Open on Weekend for Tax and Duty Collection May 2026
The government has announced special arrangements for the collection of government duties and taxes on Saturday and Sunday, May 23 and 24, 2026, to facilitate taxpayers making…
FBR Suspends K‑Electric’s Sales Tax Registration, Sparking Consumer Alarm
The Federal Board of Revenue (FBR) suspended K-Electric’s sales tax registration on 20 May 2026, according to the taxpayer status portal maintained on the official…
FBR Imposes Rs2.7bn Penalty on Gerry’s Dnata Over Customs Fraud
The Federal Board of Revenue (FBR) has imposed a Rs2.7 billion penalty on terminal operator Gerry’s Dnata for involvement in the illegal removal of imported…
Pakistan Joins WCO Policy Commission For The First Time in 70 Years
Pakistan has been elected to the World Customs Organization (WCO) Policy Commission for 2026 to 2028, marking its first membership in the body after 70…
NLC Takes Over PNSC: Government Approves 30% Stake Sale Amid Major ECC Grants
The government officially gave in-principle approval on Tuesday to sell 30% shares of the Pakistan National Shipping Corporation (PNSC). The National Logistics Corporation (NLC) will…
Govt Plans New Fixed Tax Scheme for Retailers in Budget 2026-27
The government is preparing to introduce a new fixed tax scheme for retailers in the upcoming federal budget as part of broader efforts to expand…
FBR Launches Sweeping Tax Reform Drive Ahead of 2026–27 Budget
FBR has launched a sweeping tax reform programme, introducing digital invoicing mandates, expanded production tracking, and a new trader tax scheme ahead of Budget 2026–27…
IMF Expresses Dissatisfaction With FBR Over Growing Tax Shortfall
The International Monetary Fund (IMF) has expressed dissatisfaction with the performance of the Federal Board of Revenue (FBR) and stressed the urgent need to expand…
Govt Plans Tax Exemption Cuts to Raise Additional Revenue
The federal government is reducing income tax and sales tax exemptions in the upcoming fiscal year budget 2026-27, aiming to generate additional revenues. Preparations for…
Govt Expects Rs. 48 Billion Extra Tax Revenue Through Industrial Monitoring
The Government of Pakistan Federal Board of Revenue (FBR) has informed the International Monetary Fund that expanded industrial production monitoring is expected to generate an additional Rs.…
Govt Eyes AI Tools to Crack Down on Tax Evasion
The federal government is preparing AI-based tools and digital monitoring systems to fight tax evasion, as part of its upcoming federal budget for the fiscal…
FBR Targets Rs778bn via Enforcement, Not New Taxes
The federal government will impose no new taxes in the upcoming 2026-27 budget, relying instead on stricter enforcement to meet its revenue targets. As per…
FBR Releases Draft Tax Return Forms for 2026
The Federal Board of Revenue (FBR) has released draft electronic income tax return forms for individuals, companies, and associations of persons for Tax Year 2026.…
