Islamabad, January 19, 2026 – The Federal Board of Revenue (FBR) has notified revised customs values for imported ammunition to be used for assessment of duty and taxes at the import stage. The new values have been issued through Valuation Ruling No. 2036/2026, notified by the Directorate General of Customs Valuation, Karachi
(more…)Author: Shahnawaz Akhter
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Foreign Direct Investment into Pakistan Plunges 43% in 1HFY26: SBP
Karachi, January 19, 2026 – The State Bank of Pakistan (SBP) reported a sharp decline in foreign direct investment (FDI), which fell by 43% during the first half (July–December) of fiscal year 2025-26 compared with the same period last year. FDI totaled $808 million in 1HFY26, down from $1.42 billion in 1HFY25, signaling a slowdown in investor confidence despite a strong performance in the country’s stock market.
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Pakistan’s current account deficit widens to $1.74 billion in 1HFY26: SBP
Karachi, January 19, 2026 – The State Bank of Pakistan (SBP) has reported a sharp increase in the country’s current account deficit, which surged to $1.74 billion during the first half (July–December) of fiscal year 2025-26. This represents a significant shift from a current account surplus of $957 million recorded in the same period last year.
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Procedure for Attachment and Sale of Movable Property by FBR Officials in 2026
Updated under Sales Tax Rules, 2006 (Tax Year 2026)
The Sales Tax Rules, 2006, as updated for tax year 2026, prescribe a comprehensive legal framework for the attachment and sale of movable property of sales tax defaulters by officials of the Federal Board of Revenue (FBR). These rules ensure due process, proportionality, and transparency in recovery proceedings.
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KCCI expresses grief over Gul Plaza fire, forms committee to assess losses
Karachi, January 18, 2026 – The Karachi Chamber of Commerce and Industry (KCCI) has expressed deep sorrow over the tragic fire incident at Gul Plaza on M.A. Jinnah Road, which claimed precious human lives and caused massive destruction to one of Karachi’s busiest commercial hubs.
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FBR to Finalize New Property Valuation Tables for Islamabad by January 31
Islamabad, January 18, 2026 – The Federal Board of Revenue (FBR) is set to decide on revised property valuation tables for District Islamabad by the end of January 2026, following objections raised by real estate stakeholders over discrepancies in assessed values.
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Pakistan’s rice exports drop 50% in 1HFY26 amid tax and price challenges
Islamabad, January 18, 2026 – Pakistan’s rice exports plunged 50% during the first half of fiscal year 2025-26 (July–December), declining to $940 million from $1.88 billion in the same period last year, according to the Pakistan Bureau of Statistics (PBS).
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FPCCI criticizes government over hike in petroleum levy
Islamabad: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has sharply criticized the government’s recent increase in petroleum levies, warning that it is placing further financial strain on consumers and businesses already grappling with high inflation.
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IRSOA expresses solidarity with commissioner amid court proceedings
Islamabad, January 17, 2026 — The Inland Revenue Service Officers Association (IRSOA) has expressed serious concern over efforts to register a First Information Report (FIR) against a serving Inland Revenue Commissioner over allegations of using threatening language toward a lawyer.
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Which Type of Property Can FBR Sell for Sales Tax Recovery in 2026?
Sales tax defaulters should be aware that the Federal Board of Revenue (FBR) has the authority to attach and sell movable or immovable property to recover unpaid sales tax under Rule 80 of the Sales Tax Rules, 2006 (updated for 2026). Knowing what can—and cannot—be sold is crucial for compliance and planning.
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