Pakistan Revenue
Islamabad, March 28, 2025 – The Federal Board of Revenue (FBR) has taken decisive action against Commissioner Inland Revenue (IR) Zahid Mahmood, a BS-19 officer, after an inquiry confirmed his involvement in misconduct and corruption.
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KARACHI, March 28, 2025 – The Government of Pakistan has revised the customs valuation for lead-acid batteries, bringing changes to the import assessment process.
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Islamabad – The Federal Board of Revenue (FBR) has officially transferred several senior officers of Pakistan Customs Service (PCS) to the newly established Strategic Tariff and Revenue Analysis Wing (STRAW) as part of its restructuring efforts.
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Karachi, March 27, 2025 – The State Bank of Pakistan (SBP) has instructed all commercial banks to extend their working hours on March 29, 2025, to facilitate taxpayers in making duty and tax payments efficiently.
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Karachi, March 27, 2025 – Taxpayers across Pakistan continue to face difficulties in filing their sales tax returns as persistent technical glitches on the IRIS portal of the Federal Board of Revenue (FBR) remain unresolved, despite an extended deadline.
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Karachi, March 27, 2025 – Pakistan’s net foreign exchange reserves have dropped by $465 million within a week, as per the latest data released by the State Bank of Pakistan (SBP) on Thursday.
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Karachi, March 27, 2025 – Philip Morris (Pakistan) Limited (PMPK) has reported a significant 32% decline in its annual profit after tax for the financial year ending December 31, 2024.
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Islamabad, March 26, 2025 – The Government of Pakistan has announced a revised customs valuation for iron and steel kitchenware and utensils, updating previous rulings to reflect current market conditions.
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Karachi, March 26, 2025 – The Karachi Customs Agents Association (KCAA) has voiced serious concerns over the persistent delays in the review process for Goods Declaration (GD) filings related to consignment clearance.
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Karachi, March 26, 2025 – The Directorate General of Customs Valuation in Pakistan has issued a revised ruling on the customs valuation of cashew nuts, aiming to standardize import duties and taxes.
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