Islamabad, February 7, 2026 – The Federal Board of Revenue (FBR) has recorded a decline in Pakistan’s tax-to-GDP ratio to 4.75% during the first half (July–December) of fiscal year 2025-26, according to official data released by the Ministry of Finance.
(more…)Author: Shahnawaz Akhter
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How to Apply to FBR for Approval of a Gratuity Fund – Step-by-Step Guide
Employers in Pakistan who establish a gratuity fund for their employees must obtain formal approval from the Federal Board of Revenue (FBR) to ensure tax recognition and compliance. The procedure and documentation requirements are clearly outlined in Rule 115 of the Income Tax Rules, 2002 (amended up to November 24, 2023).
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Can FBR officials break into a building for tax recovery?
Many taxpayers often ask whether officials of the Federal Board of Revenue (FBR) are legally allowed to break into a building during tax recovery proceedings. The answer lies in Rule 148 of the Income Tax Rules, 2002 (amended up to November 24, 2026), which clearly defines the scope and conditions of such authority.
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Pakistan posts Rs542 billion budget surplus in 1HFY26
Islamabad — Pakistan recorded a budget surplus of Rs542 billion during the first half (July–December) of the fiscal year 2025-26, marking a sharp turnaround from a deficit of Rs1.54 trillion in the same period last year, official data released by the Ministry of Finance showed on Friday.
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Pakistan Customs announces major vehicle auction in Kohat and D.I. Khan on February 10
Islamabad, February 7, 2026 – Pakistan Customs has announced a major public auction of confiscated vehicles to be held in Kohat and Dera Ismail Khan (D.I. Khan) on February 10, 2026, offering buyers a wide range of imported and locally registered cars, jeeps, vans, and trucks.
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SBP to introduce carrot-and-stick policy for asset recovery
Karachi, February 5, 2026 – The State Bank of Pakistan (SBP) is preparing to roll out a comprehensive “carrot and stick” policy aimed at strengthening asset recovery in cases of financial crimes, including corruption and money laundering, according to official documents.
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Can FBR Commissioner Issue a Warrant of Arrest for a Tax Defaulter?
Yes — a Commissioner Inland Revenue of the Federal Board of Revenue (FBR) is legally empowered to issue a warrant of arrest against a tax defaulter under Rule 183 of the Income Tax Rules, 2002, as amended up to November 24, 2023.
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How FBR Will Value Undisclosed Immovable Property in Pakistan
If you have concealed immovable property that is later detected by the Federal Board of Revenue (FBR), the tax authorities are legally empowered to determine its value under the Income Tax Rules, 2002, as amended up to November 24, 2023.
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Over 2,000 Afghan Transit Trade containers clog KICT, warns Karachi Chamber
Karachi, February 4, 2026 — The Karachi Chamber of Commerce and Industry (KCCI) on Wednesday sounded the alarm over worsening congestion at Karachi International Container Terminal (KICT), revealing that more than 2,000 stranded containers linked to Afghan Transit Trade (ATT) are severely disrupting terminal operations.
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FBR notifies key amendments to export facilitation scheme rules
Islamabad, February 4, 2026 – The Federal Board of Revenue (FBR) on Wednesday announced important amendments to the Customs Rules, 2001, introducing changes to the Export Facilitation Scheme (EFS) aimed at improving operational flexibility for exporters.
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