Islamabad, April 9, 2026 — Service Long March Tyres (Private) Limited has announced an additional investment of $120 million in Pakistan, reinforcing growing investor confidence in the country’s industrial and export potential. The announcement was made during a high-level meeting between Federal Minister for Commerce Jam Kamal Khan and the company’s Chairman, Jin Yongsheng, along with senior government officials.
(more…)Author: Shahnawaz Akhter
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RTO-II Karachi collects record Rs154 billion in salary tax
Karachi, April 9, 2026 – The Regional Tax Office (RTO) II Karachi, operating under the Federal Board of Revenue (FBR), has recorded a significant increase in salary-based withholding tax collection, reaching Rs154 billion during the fiscal year 2024–25. This marks a strong 44% growth compared to the Rs107 billion collected in the previous fiscal year, highlighting improved tax compliance and expanded revenue efforts.
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FTO orders FBR to settle refunds before income tax recovery
Islamabad — The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to ensure that coercive income tax recovery measures are only initiated after the adjustment or resolution of taxpayers’ pending refund claims.
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FBR issues new customs values for Lithium-Ion batteries via VR-2062/2026
Karachi, April 8, 2026 – The Federal Board of Revenue (FBR) has issued updated customs values for Lithium-Ion batteries to ensure accurate duty and tax assessment at the import stage. The Directorate General of Customs Valuation released Valuation Ruling No. 2062/2026, dated April 6, 2026, officially replacing the previous ruling VR-1964/2025 issued on January 29, 2025.
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PTCL challenges Rs6.79 billion tax disputes with provincial authorities
Karachi, April 8, 2026 – Pakistan Telecommunication Company Limited (PTCL) has revealed that it is contesting tax disputes worth Rs6.79 billion with provincial revenue authorities, primarily related to international incoming traffic, according to its Annual Report 2025.
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Sales tax collection from motor cars surges 159% in FY25
Islamabad: Sales tax collection from motor cars in Pakistan recorded a massive increase during the fiscal year 2024-25, reflecting strong revenue growth driven by new taxation measures. According to the Federal Board of Revenue, total collection from the automobile sector reached Rs34 billion, marking a sharp rise of 158.8% compared to the previous fiscal year.
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FBR reports 15% surge in duty-free imports in FY25
ISLAMABAD: The Federal Board of Revenue (FBR) has reported a significant 15% increase in duty-free imports during the fiscal year 2024-25, reflecting shifting trade patterns and policy incentives aimed at supporting key sectors of the economy.
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FBR data shows shift in customs duty collection away from Karachi
ISLAMABAD: The Federal Board of Revenue (FBR) has revealed in its Year Book 2024-25 that the share of Custom House Karachi in total customs duty collection is gradually declining, indicating a shift in revenue distribution across the country.
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FBR orders major reshuffle, directs four CCIRs to headquarters
ISLAMABAD: The Federal Board of Revenue (FBR) on Tuesday initiated a major administrative reshuffle, directing four Chief Commissioners of Inland Revenue (CCIRs) to report to its headquarters as part of broader efforts to strengthen tax administration.
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Khurram Ijaz criticizes govt borrowing surge, warns of private sector crowding out
Karachi, April 7, 2026 – Khurram Ijaz, General Secretary of the Businessmen Panel Progressive (BMPP) and former Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has expressed strong concern over the federal government’s rapidly rising borrowing from commercial banks, warning that it will further squeeze credit availability for the private sector.
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