Pakistan Revenue
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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Karachi, March 2026 – The Federal Board of Revenue (FBR) has clarified the liability of individuals responsible for offences committed by companies under the Income Tax Ordinance, 2001. The 2026 update emphasizes stricter accountability for company officials and members of associations of persons (AOPs).
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Islamabad, March 15, 2026 – Pakistan’s rice exports have suffered a sharp 40% decline during the first eight months (July–February) of fiscal year 2025-26, compared to the same period last year, raising concerns of further contraction amid the ongoing Iran war.
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Islamabad, March 14, 2026: Pakistan’s petroleum product imports experienced a significant decline in February 2026, even before the escalation of the Iran war, highlighting ongoing energy challenges in the country.
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Karachi, March 13, 2026 – The Federal Board of Revenue (FBR) has issued Valuation Ruling (VR) No. 2/2026 to establish the customs export value of meat for the calculation of duties and taxes. This move aims to standardize export pricing and ensure compliance under the Customs Act, 1969.
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Karachi, March 13, 2026 – JS Investments has been embroiled in a tax dispute with the Federal Board of Revenue (FBR) for over two decades, raising questions about the effectiveness of prolonged legal proceedings and the impact of currency depreciation on recoverable tax amounts.
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Islamabad, March 11, 2026 – The Federal Board of Revenue (FBR) has decided to continue working with full operational capacity despite austerity measures introduced by the federal government amid a petroleum crisis linked to regional tensions.
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Karachi, March 11, 2026 – The State Bank of Pakistan reported a staggering 203% surge in government borrowing from commercial banks during the first eight months (July–February) of the fiscal year 2025-26, compared to the same period last year.
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Karachi, March 11, 2026 – The State Bank of Pakistan has reported that large-scale cash withdrawals wiped out Rs790 billion from the country’s banking system in a single month, highlighting continued liquidity movement among depositors.
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Shareholders interested in contesting the upcoming board elections of K-Electric Limited must submit their notice of intention and required documents by March 19, 2026, according to an addendum issued ahead of the company’s Extraordinary General Meeting (EOGM).
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