Islamabad, March 19, 2026 – The Federal Board of Revenue (FBR) has amended the International Transshipment Rules through SRO 517(I)/2026, introducing stricter regulations for the movement of transshipment cargo. The updated rules aim to enhance accountability, prevent pilferage, and ensure proper payment of duties and taxes.
(more…)Author: Shahnawaz Akhter
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FPCCI warns of export crisis over new cargo charges
Islamabad, March 19, 2026 – The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has strongly criticized the unilateral imposition of additional charges on export cargo by ground handling agencies (GHAs), warning of serious consequences for Pakistan’s export sector.
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FBR rolls out major relief for exporters under EFS
Karachi, March 19, 2026 – The Federal Board of Revenue (FBR) has announced new relief measures under the Export Facilitation Scheme (EFS), aiming to ease compliance and improve liquidity for exporters, trade, and industry.
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FBR grants DP World 16.9 acres at Port Qasim amid Iran war
Karachi, March 18, 2026 – The Federal Board of Revenue (FBR) has granted a special storage facility to DP World at Port Qasim to handle international transshipment cargo, citing the ongoing crisis linked to the Iran war and heightened tensions in the Gulf region.
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FDI in Pakistan plunges 33% in 8MFY26, but February brings surprise recovery
Karachi, March 16, 2026 – Pakistan’s foreign direct investment (FDI) inflows declined by over 33% during the first eight months of the current fiscal year 2025-26, the State Bank of Pakistan (SBP) reported on Monday.
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FTO directs FBR to adjust super tax against pending refunds
Islamabad, March 16, 2026: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to ensure that taxpayers’ super tax liabilities are adjusted against their pending income tax refunds, terming the department’s refusal to do so arbitrary and discriminatory.
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LTO Karachi to conduct enhanced tax scrutiny of top MNCs
Karachi, March 16, 2026 – The Federal Board of Revenue (FBR) has transferred the cases of several major multinational companies (MNCs) to the Large Taxpayers Office (LTO) Karachi to strengthen corporate tax oversight and ensure compliance with domestic tax laws.
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ICMAP unveils bold tax proposals for Pakistan Budget 2026–27
Karachi, March 16, 2026 – The Institute of Cost and Management Accountants of Pakistan (ICMAP) has submitted a comprehensive set of tax proposals to the Tax Policy Office (TPO), Ministry of Finance, aimed at enhancing revenue generation and formalizing the economy for the upcoming Federal Budget 2026–27.
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FBR constitutes committees to recommend promotions for Inland Revenue officials
Islamabad, March 16, 2026 – The Federal Board of Revenue (FBR) on Monday announced the formation of two departmental committees tasked with recommending promotions for officials within the Inland Revenue Service (IRS). The move aims to streamline the promotion process and recognize the performance of officers across various grades in the department.
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Global tensions hit Pakistan trade: FPCCI warns of major losses
Karachi, March 16, 2026 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has warned that escalating war risk in the Middle East and skyrocketing freight charges are jeopardizing Pakistan’s trade and industrial sectors.
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