The Federal Board of Revenue (FBR) has laid down a detailed legal framework for the re-importation of goods produced or manufactured in Pakistan under Section 22 of the Customs Act, 1969, as updated for tax year 2026.
(more…)Author: Shahnawaz Akhter
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Government’s Powers to Exempt Customs Duties in Pakistan – 2026 Explained
Under Section 19 of the Customs Act, 1969, as updated for tax year 2026, the Federal Government of Pakistan has wide-ranging powers to exempt goods from customs duties and to remit fines and penalties in exceptional circumstances.
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Duty and Taxes Under Trade Agreements – Customs Act 1969 Explained for 2026
Pakistan’s trade agreements allow reduced customs duties and taxes on selected imports, helping promote trade and economic cooperation. These concessions are governed by Section 18C of the Customs Act, 1969, as updated for tax year 2026.
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SBP tightens export rules; new undertakings required for payments
Karachi, Jan 23, 2026 – The State Bank of Pakistan (SBP) has introduced stricter rules for exporters, requiring them to submit a new Undertaking/Declaration through the Pakistan Single Window (PSW) system for receipt of payments via Authorized Dealers (ADs).
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Tax evasion in iron and steel sector: FBR plans real-time monitoring
Islamabad, January 23, 2026 – The Federal Board of Revenue (FBR) has announced plans to tackle tax evasion and revenue leakage in Pakistan’s iron and steel sector through real-time production monitoring.
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FBR sees 21% drop in advance tax collection from electricity use in 1HFY26
Islamabad, January 23, 2026 — The Federal Board of Revenue (FBR) has reported a sharp 21 percent decline in the collection of advance income tax on electricity consumption during the first half (July–December) of fiscal year 2025-26, compared to the same period last year, according to provisional data.
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Import growth drives Rs245 billion income tax collection for FBR in 1HFY26
Karachi, January 22, 2026 — Pakistan’s rising import bill during the first half (July–December) of fiscal year 2025-26 significantly boosted the Federal Board of Revenue’s (FBR) income tax collection at the import stage, which climbed to Rs245 billion, sources said on Friday.
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Pakistan’s forex reserves edge up to $21.258 billion in a week: SBP
Karachi, January 22, 2026 — Pakistan’s total foreign exchange (forex) reserves recorded a marginal increase, reaching $21.258 billion for the week ended January 16, 2026, according to weekly data released by the State Bank of Pakistan (SBP).
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KCAA calls on FBR to upgrade customs staff and infrastructure at Karachi ports
Karachi, January 22, 2026 – The Karachi Customs Agents Association (KCAA) has urged the Federal Board of Revenue (FBR) and government authorities to enhance customs infrastructure and increase staffing at Karachi’s sea ports to accelerate the clearance of import and export consignments.
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Why Pakistan Imposes Special Customs Duty – Explained for 2026
To protect local industry and ensure fair competition, the Federal Government of Pakistan is empowered to impose Special Customs Duty (SCD) on certain imported goods. This authority is granted under Section 18A of the Customs Act, 1969, as updated for tax year 2026.
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