Karachi, April 16, 2026 — A sweeping investigation by the Federal Board of Revenue (FBR) has uncovered large-scale corruption within Pakistan Customs, resulting in strict disciplinary action against multiple officials, according to official notifications issued on Thursday.
(more…)Author: Shahnawaz Akhter
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FBR imposes major penalty on customs officer over ‘living beyond means’ finding
ISLAMABAD, April 16, 2026 — The Federal Board of Revenue (FBR) has imposed a major penalty of compulsory retirement on a Pakistan Customs intelligence officer after disciplinary proceedings concluded that he was living beyond his known sources of income, according to an official notification issued on Thursday.
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FBR issues new fair market values for Islamabad properties
ISLAMABAD, April 16, 2026 — The Federal Board of Revenue (FBR) on Thursday issued revised fair market values for immovable properties in Islamabad, in a move aimed at tightening tax compliance and aligning property valuations with prevailing market rates.
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FBR forms committee to strengthen compliance risk framework
ISLAMABAD, April 16, 2026 — The Federal Board of Revenue (FBR) on Thursday constituted a technical committee to review and strengthen its Compliance Risk Management (CRM) framework, aiming to improve tax enforcement efficiency and detect high-risk cases more effectively.
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FDI jumps 163% in March but overall inflows remain weak: SBP
KARACHI, April 16, 2026 — Foreign direct investment (FDI) in Pakistan surged 163% year-on-year in March 2026, signaling a short-term rebound in investor activity, though broader inflows remained subdued during the fiscal year, data from the State Bank of Pakistan (SBP) showed on Thursday.
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Banks flood T-bill auction as SBP receives Rs4 trillion bids
KARACHI, April 15, 2026 — Pakistan’s commercial banks aggressively participated in the latest treasury bill auction on Wednesday, submitting bids worth more than Rs4 trillion against a government target of Rs1.35 trillion, underscoring ample liquidity in the banking system.
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FBR clarifies tax rules for builders and developers under Section 7F regime
ISLAMABAD, April 15, 2026 —Federal Board of Revenue (FBR) on Wednesday issued revised guidelines for tax collection from builders and developers, aiming to address industry concerns over withholding tax applicability and ease liquidity pressures.
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FBR sets new customs values for imported almonds
KARACHI, April 15, 2026 — The Federal Board of Revenue (FBR) has revised customs values for imported almonds in a move aimed at ensuring accurate duty collection and curbing under-invoicing, according to an official valuation ruling issued on Wednesday.
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Indus Motor posts over Rs5 billion earnings without car production
KARACHI, April 15, 2026 — Indus Motor Company Limited reported earnings exceeding Rs5 billion during the half year ended December 31, 2025, with a substantial portion of its income derived from financial investments rather than core manufacturing activity, according to its latest financial disclosures.
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Pakistan Customs arrests officers in alleged silver bullion swap case
KARACHI, April 13, 2026 – Pakistan Customs has arrested two of its preventive officers over alleged involvement in a major silver bullion scam, officials said on Monday, after a consignment transported for official deposit was found to contain fake material.
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