Corporate taxation in Pakistan can be complex, and businesses need to stay informed to comply effectively. One important provision that companies should be aware of for tax year 2026 is the Alternative Corporate Tax (ACT), governed under Section 113C of the Income Tax Ordinance, 2001.
(more…)Author: Shahnawaz Akhter
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Pakistan’s current account deficit widens $812 million; surplus of $100 million in November
Karachi, December 17, 2025: The State Bank of Pakistan (SBP) reported on Wednesday that the country’s current account deficit widened to $812 million during the first five months (July–November) of the fiscal year 2025-26, compared to a surplus of $503 million in the same period last year.
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Where will minimum tax apply in Pakistan for tax year 2026? What you should know
As Pakistan enters Tax Year 2026, businesses and high-turnover individuals must once again evaluate whether minimum tax under Section 113 applies to them. Even if your business reports losses or enjoys exemptions, minimum tax may still be payable. Here’s a simple, interactive breakdown to help you understand when and how it applies.
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ICMAP urges administrative measures over monetary policy to curb inflation
Karachi, December 16, 2025 — The Institute of Cost and Management Accountants of Pakistan (ICMAP) has called on the government to focus on administrative and structural measures to control inflation, arguing that monetary policy alone is insufficient to address rising prices in key sectors of the economy.
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Business community demands urgent resolution to transporters’ strike
Karachi, December 16, 2025 — Pakistan’s business and industrial community has called on the government for an immediate and decisive solution to the ongoing transporters’ strike, warning that prolonged disruption is inflicting massive losses on trade, industry and the national economy.
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FBR imposes compulsory retirement on Customs official for false examination
Karachi, December 16, 2025 — The Federal Board of Revenue (FBR) has imposed a major penalty on a customs official for professional negligence and submission of a false examination report, resulting in potential loss to the government exchequer.
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FBR defers Islamabad property valuation tables until January 31
Islamabad, December 16, 2025 — The Federal Board of Revenue (FBR) on Tuesday announced the deferment of newly notified valuation tables for immovable properties in Islamabad until January 31, 2026, or until the issuance of a revised Statutory Regulatory Order (SRO), whichever comes earlier.
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Industry rejects nominal policy rate cut, demands aggressive SBP action
Karachi, December 15, 2025 — Pakistan’s business and industrial community has strongly rejected the State Bank of Pakistan’s (SBP) decision to reduce the policy rate by only 50 basis points, calling the move inadequate and out of sync with economic realities.
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FBR invites customs-related proposals for Budget 2026-27
Islamabad, December 15, 2025 – The Federal Board of Revenue (FBR) has officially invited customs-related proposals from stakeholders for the upcoming federal budget 2026-27.
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SBP surprises markets, cuts policy rate by 50 basis points to 10.5%
Karachi, December 15, 2025 – In an unexpected move, the State Bank of Pakistan (SBP) on Monday announced a 50 basis points cut in its benchmark policy rate, lowering it to 10.5% from 11%. The decision, effective December 16, 2025, came as a surprise to most market analysts who had widely anticipated the rate would remain unchanged.
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