Karachi, November 19, 2025 – In a bold move signaling tighter scrutiny on Pakistan’s business elite, the Federal Board of Revenue (FBR) has transferred the high-profile tax assessment case of the Karachi Chamber of Commerce and Industry (KCCI) to the Large Taxpayers Office (LTO) Karachi.
(more…)Author: Shahnawaz Akhter
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FBR issues draft insurance guarantee format for export facilitation scheme
Islamabad, November 18, 2025 – The Federal Board of Revenue (FBR) has released a detailed draft of the insurance guarantee format required under Pakistan’s Export Facilitation Scheme (EFS), originally notified through SRO 957(I)/2021.
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FBR imposes penalties for 2025 wealth statement non-submission
Karachi, November 18, 2025 – The Federal Board of Revenue (FBR) has announced penalties for taxpayers who fail to submit their wealth statements for the tax year 2025.
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Pakistan mandates 100% X-ray scanning for all Afghan transit trade cargo (ATT)
Islamabad, November 17, 2025 – In a significant move to enhance supply chain security and mitigate elevated security risks, Pakistan has mandated 100% Non-Intrusive Inspection (NII) scanning for all consignments under the Afghan Transit Trade (ATT) regime.
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Pakistan’s FDI falls 26% in first four months of FY26
Karachi, November 17, 2025 – Pakistan has recorded a significant 26% decline in foreign direct investment (FDI) during the first four months of fiscal year 2025-26, according to fresh data released by the State Bank of Pakistan (SBP) on Monday.
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Pakistan’s current account deficit surges 255% in first four months of FY26
Karachi, November 17, 2025 – Pakistan’s current account deficit (CAD) has widened sharply by 255% during the first four months of fiscal year 2025-26, compared to the same period last year, according to the latest Balance of Payments data released by the State Bank of Pakistan (SBP) on Monday.
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FBR issues new SOP for container X-ray scanning in Pakistan
Karachi, November 17, 2025 – The Federal Board of Revenue (FBR) has issued a detailed Standard Operating Procedure (SOP) governing X-ray and Gamma-ray scanning of cargo containers at ports and terminals across Pakistan. The new procedure aims to strengthen border security while ensuring that goods are examined without damaging container integrity.
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FBR set to punish withholding agents for concealing key information
Karachi, November 16, 2025 — The Federal Board of Revenue (FBR) is moving toward strict enforcement of penal provisions against withholding agents who fail to provide complete information about individuals involved in major financial transactions.
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FBR explains sales tax exemption methodology for businesses
Karachi, November 15, 2025 — The Federal Board of Revenue (FBR) has provided detailed guidance on the methodology for accounting for sales tax exemptions in its tax expenditure reports.
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FBR announces withholding tax rates for imports in tax year 2026
Karachi, November 15, 2025 — The Federal Board of Revenue (FBR) has released the updated withholding tax rates for imported goods for the tax year 2026, providing guidance for importers, withholding agents, and other stakeholders.
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