Karachi, December 15, 2025 — The All Pakistan Customs Agents Association (APCAA) on Monday welcomed the government’s decision to allow post-payment of customs duty and taxes for pre-arrival filing of Goods Declarations (GD), calling it a major reform aimed at improving Pakistan’s import clearance system.
(more…)Author: Shahnawaz Akhter
-
IMF begins daily monitoring of Pakistan’s foreign exchange market
Karachi, December 14, 2025 – The International Monetary Fund (IMF) has intensified oversight of Pakistan’s foreign exchange market by instructing the State Bank of Pakistan (SBP) to provide daily reports of FX market activity.
(more…) -
How Many Taxpayers Netted? IMF Asks FBR for Monthly Tax Net Report
Islamabad, December 14, 2025 — The International Monetary Fund (IMF) has directed Pakistan’s Federal Board of Revenue (FBR) to submit detailed monthly reports on new taxpayers added to the tax net, strengthening oversight under the ongoing IMF-supported economic program.
(more…) -
What Will FBR Do With Hidden Income in Tax Year 2026? You Should Know
If you have concealed income, underreported earnings, or forgotten to declare certain assets, Tax Year 2026 could bring serious consequences. The Federal Board of Revenue (FBR) has tightened enforcement under the updated Income Tax Ordinance, 2001, keeping Section 111 (Unexplained Income or Assets) fully applicable.
(more…) -
FBR Approves Tax Credit for Video Analytics Installation in Textile Spinning Units
The Federal Board of Revenue (FBR) has announced a new tax credit facility for textile spinning units to offset expenses incurred on the installation of video analytics systems, aimed at reducing costs for the sector while ensuring electronic monitoring of production.
(more…) -
Senate seeks details of corruption complaints against FBR officials
The Senate has initiated a formal inquiry into alleged corruption within the Federal Board of Revenue (FBR), directing the tax authority to submit comprehensive details of complaints received against its officials since July 2023.
(more…) -
Pakistan customs seizes $132 million worth of contraband near Gadani
Karachi, December 13, 2025 — Pakistan Customs, in coordination with the Pakistan Navy and the Pakistan Maritime Security Agency (PMSA), has thwarted a major smuggling operation near Gadani, Balochistan, resulting in the confiscation of contraband valued at approximately $132 million, equivalent to around Rs37 billion in the international market.
(more…) -
REAP warns of major rice export losses amid transporters’ strike
Karachi, December 13, 2025 — The Rice Exporters Association of Pakistan (REAP) has raised serious concerns over substantial losses to the country’s rice exports as the ongoing transporters’ strike continues to paralyze cargo movement nationwide.
(more…) -
FBR uncovers Rs19 billion potential tax evasion in tobacco sector
Islamabad, December 13, 2025 — Pakistan is grappling with a growing challenge of illicit trade in the tobacco sector, which continues to undermine the national economy and cause heavy losses to the public exchequer. The unchecked movement, storage, and use of non-duty-paid unmanufactured tobacco— the primary raw material for cigarette production— has emerged as a major source of large-scale evasion of Federal Excise Duty (FED) and other applicable taxes.
(more…) -
What Is a Controlled Foreign Company (CFC) Under Income Tax Ordinance, 2001?
Updated for Tax Year 2026: Pakistan has strengthened its international tax framework by introducing Controlled Foreign Company (CFC) rules under Section 109A of the Income Tax Ordinance, 2001.
(more…)