Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial has issued key directives to address long-standing tax and operational challenges faced by Karachi’s business community during his visit to the Karachi Chamber of Commerce and Industry (KCCI) on March 26, 2026.
(more…)Author: Shahnawaz Akhter
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Khurram Ijaz raises alarm over rising foreign outflows amid sharp drop in FDI
Karachi – Khurram Ijaz, General Secretary of the Businessmen Panel Progressive (BMPP) and former Vice President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), has voiced strong concern over the surge in foreign profit repatriation at a time when Pakistan is experiencing a steep and worrying decline in Foreign Direct Investment (FDI).
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FBR imposes major penalty on intelligence officer in tobacco tax case
Islamabad, March 26, 2026: The Federal Board of Revenue (FBR) has imposed a major penalty on an Inland Revenue intelligence officer following the conclusion of disciplinary proceedings in a high-profile raw tobacco tax case.
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Pakistan may generate Rs15 billion by taxing digital platforms: ICMAP
Karachi, March 26, 2026 – The Institute of Cost and Management Accountants of Pakistan has projected that Pakistan could generate around Rs15 billion annually by imposing a tax on digital platforms in the upcoming budget 2026–27.
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LTO Islamabad delegates powers to speed up tax assessments
Islamabad, March 26, 2026 – The Large Taxpayers Office Islamabad (LTO Islamabad) has delegated key powers to Inland Revenue (IR) officers to accelerate the assessment and processing of taxpayer cases, aiming to improve efficiency and reduce delays in tax administration.
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Pakistan stock brokers seek CGT exemption after 3 years
Karachi – The Pakistan Stock Brokers Association (PSBA) has proposed a major tax relief for investors, calling for a complete exemption from Capital Gains Tax (CGT) on securities held for more than three years in its budget proposals for 2026–27.
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ICMAP suggests 2% tax on high-value additional properties
Karachi, March 25, 2026 – The Institute of Cost and Management Accountants of Pakistan (ICMAP) has proposed the introduction of an additional residential property tax in the upcoming federal budget 2026-27, aiming to address imbalances in Pakistan’s housing market.
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ICMAP pushes luxury taxes and farmer incentives for Budget 2026–27
Karachi, March 20, 2026 – The Institute of Cost and Management Accountants of Pakistan (ICMAP) has submitted a comprehensive set of revenue proposals to the Ministry of Finance for consideration in the upcoming Federal Budget 2026–27, aimed at broadening the tax base, documenting informal sectors, and generating sustainable revenue.
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SBP reports record 3.4 billion transactions in Pakistan
Karachi, March 19, 2026 – The State Bank of Pakistan has reported a record 3.4 billion retail transactions for the quarter ended December 31, 2025, highlighting continued growth in digital payments and financial inclusion across the country.
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FBR extends sugar import tax relief under new SRO 527
Karachi, March 19, 2026 – The Federal Board of Revenue has issued SRO 527(I)/2026, extending the sales tax exemption and concessional rates on the import of white crystalline sugar in a move aimed at stabilizing domestic prices and ensuring adequate supply in the market.
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