Pakistan Revenue
Islamabad, March 2, 2026 – The Federal Board of Revenue (FBR) has withdrawn the recovery of an embezzled amount from a former BS-20 officer following the recommendation of the President of Pakistan. The decision comes after a careful review of disciplinary proceedings and the appeal filed by the officer.
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The Federal Board of Revenue (FBR) has explained key tax definitions related to stock market transactions, aiming to help investors better understand their tax obligations, capital gains calculations, and compliance requirements.
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Karachi, February 28, 2026: The SITE Association of Industry (SAI) recently held a solemn gathering to pay tribute to Lt. Col. Shahzada Gulfraz Shaheed, who laid down his life while combating the Indian proxy group, Khwarij, in Bannu District. Industrialists and business leaders reaffirmed their commitment to supporting the Pakistan Armed Forces and ensuring that […]
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Islamabad — As the International Monetary Fund (IMF) mission visits Pakistan to conclude the third review under the $7 billion Extended Fund Facility (EFF) programme, the Federal Board of Revenue (FBR) is grappling with a significant revenue shortfall in February 2026, raising concerns over the country’s fiscal targets.
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The Federal Board of Revenue (FBR) has intensified its crackdown on high-earning social media personalities, launching enforcement action against 38 prominent YouTubers, TikTok stars, and digital influencers for alleged income concealment and unexplained wealth totaling Rs15 billion.
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Many taxpayers believe that ignoring an email from the Federal Board of Revenue (FBR) means they haven’t received a notice. Legally, this is not the case. The FBR is empowered to serve notices electronically, and emails sent to a taxpayer’s registered electronic address are considered valid under tax law.
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Karachi, February 26, 2026 – The Karachi Chamber of Commerce & Industry (KCCI) has reaffirmed its support for the principle of “one-city, one-chamber,” clarifying that the proposed Trade Organizations Rules 2013 Amendment Bill is purely clarificatory and designed to ensure unified citywide representation for Karachi.
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Karachi, February 25, 2026 – Khurram Ijaz, Secretary General of the Businessmen Panel Progressive (BMPP) and former vice president of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has expressed deep concern over the latest planning ministry survey, highlighting the severe economic challenges facing Pakistan.
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Karachi, February 26, 2026 – The Overseas Investors’ Chamber of Commerce and Industry (OICCI) on Thursday held detailed discussions with a visiting International Monetary Fund (IMF) delegation on pending tax refunds and key policy challenges facing foreign investors in Pakistan.
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Islamabad, February 26, 2026: The Federal Board of Revenue (FBR) has detected trade fraud cases totaling Rs30.46 billion following the successful rollout of its transformation plan. According to official FBR documents, customs authorities identified 174 cases of misdeclaration and under-valuation, safeguarding Rs1.37 billion in duties and taxes.
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