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Author: Shahnawaz Akhter

FBR Pakistan Karachi

FBR probe exposes large-scale corruption in Pakistan Customs

April 16, 2026April 16, 2026Shahnawaz Akhter

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.

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pakistan customs

FBR imposes major penalty on customs officer over ‘living beyond means’ finding

April 16, 2026April 16, 2026Shahnawaz Akhter

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

April 16, 2026April 16, 2026Shahnawaz Akhter

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 - Taxation

FBR forms committee to strengthen compliance risk framework

April 16, 2026April 16, 2026Shahnawaz Akhter

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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foreign investment

FDI jumps 163% in March but overall inflows remain weak: SBP

April 16, 2026April 16, 2026Shahnawaz Akhter

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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state bank of pakistan 03

Banks flood T-bill auction as SBP receives Rs4 trillion bids

April 16, 2026April 16, 2026Shahnawaz Akhter

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 Pakistan Karachi

FBR clarifies tax rules for builders and developers under Section 7F regime

April 15, 2026April 15, 2026Shahnawaz Akhter

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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pakistan customs

FBR sets new customs values for imported almonds

April 15, 2026April 15, 2026Shahnawaz Akhter

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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toyota logo

Indus Motor posts over Rs5 billion earnings without car production

April 15, 2026April 15, 2026Shahnawaz Akhter

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

Pakistan Customs arrests officers in alleged silver bullion swap case

April 13, 2026April 13, 2026Shahnawaz Akhter

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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