FBR
FBR Imposes 30 Percent Extra Duty on Commercial Used Vehicle Imports
The Federal Board of Revenue (FBR) has imposed a 30 percent additional regulatory duty (RD) on the commercial import of used vehicles, effective July 1.…
FBR to Receive Data on Bank Transactions Above Rs. 100 Million Under New Law
The federal government has introduced a new reporting system for high-value bank transactions to improve tax compliance. Under the Finance Act 2026, banks and financial…
Senate Committee Ousts FBR Official, Orders Sweeping Tax and Narcotics Reviews
The Sub-Committee of the Senate Standing Committee on Interior and Narcotics directed the Federal Board of Revenue (FBR) to submit comprehensive tax data after an…
Sindh to Launch Pink Taxi Scheme for Women Under EV Initiative
The provincial government of Sindh plans to launch a women-only Pink Taxi Scheme as part of its broader electric vehicle (EV) transport initiative, Information Minister…
FBR Eyes Annual Tax Targets to Replace Monthly Collection System
The Federal Board of Revenue (FBR) is considering shifting to a fiscal-year-based performance evaluation system for its field formations, moving away from monthly revenue collection…
FBR Introduces New Customs Valuation System for Imported Auto Parts
The Federal Board of Revenue (FBR) has introduced a new customs valuation system for imported auto parts, replacing the long-standing weight-based assessment method with a…
Banks Announce Extended Working Hours for FBR Tax Payments
The Federal Board of Revenue (FBR) has requested a major schedule change. Consequently, commercial banks and National Bank of Pakistan (NBP) branches handling customs collections…
FBR Seizes Rs. 3 Crore From Citizen’s Bank Account Over Forged Documents
The Federal Board of Revenue (FBR) recently seized Rs. 30 million directly from a Pakistani citizen’s bank account. This aggressive recovery followed the citizen’s failure…
Used Car Import Exemption Triggers Fresh Clash Between Govt and Auto Industry
The Ministry of Commerce has issued two directives clarifying Pre-Shipment Inspection (PSI) certificate requirements and granting a conditional, one-time waiver for used vehicles imported under…
AGP Audit Report Flags Billions in Financial Irregularities Across Federal Entities
Auditor General of Pakistan Maqbool Ahmad Gondal has identified financial irregularities worth billions of rupees across dozens of federal divisions and departments in the annual…
NA Finance Committee Backs 20pc Cut in Smartphone Taxes, Recommends Abolition of Regulatory Duty
The Federal Board of Revenue (FBR) Chairman Rashid Langrial on Saturday informed the National Assembly Standing Committee on Finance that taxes on mobile phones would…
Lawmakers Reject FBR Proposal To Access Bank Account Data
A parliamentary committee on Friday rejected a government proposal allowing the tax authority direct access to taxpayer bank account data within various scheduled national banks.…
FBR Offices to Remain Open on June 27-30 for End-of-Year Tax Collection
The Federal Board of Revenue has announced that all its field formations across the country will remain operational on June 27 and 28, 2026, despite…
