Islamabad, February 21, 2026 – The Federal Board of Revenue (FBR) has collected more than Rs5 billion as income tax from prize bond winnings during the first seven months (July–January) of the fiscal year 2025-26.
(more…)Author: Shahnawaz Akhter
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Banks recover Rs28.76 billion against NPLs in December quarter
Karachi, February 21, 2026 — Pakistan’s banking sector achieved significant progress in recovering non-performing loans (NPLs), with total recoveries reaching Rs28.76 billion during the quarter ended December 2025, according to the State Bank of Pakistan (SBP). This marked an increase from Rs25.77 billion recovered in the September 2025 quarter.
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APCAA urges FBR to pause point deductions amid mounting concerns
Karachi, February 20, 2026 — The All Pakistan Customs Agents Association (APCAA) has called for the immediate suspension of the Federal Board of Revenue (FBR)’s point scoring and deduction mechanism for licensed customs agents, urging authorities to recalibrate the system in consultation with key stakeholders before its continuation.
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FBR shuffles top high-profile 11 PCS officers in major transfer move
Islamabad, February 20, 2026 – The Federal Board of Revenue (FBR) on Friday announced the transfers and postings of high-profile officers of the Pakistan Customs Service (PCS) with immediate effect. The moves are aimed at enhancing operational efficiency and strengthening leadership across key customs departments nationwide.
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Karachi lights up FBR revenue, pays over Rs15 billion via electricity bills
Karachi, February 20, 2026 – Karachi, Pakistan’s financial and commercial hub, has generated over Rs15 billion in advance income tax collected through electricity bills during the first seven months (July to January) of fiscal year 2025-26, according to data from the Federal Board of Revenue (FBR).
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Foreign investors pull $1.68bn from Pakistan as profit repatriation surges in 7MFY26
Karachi, February 19, 2026 – Foreign investors operating in Pakistan repatriated $1.68 billion in profits and dividends during the first seven months (July to January) of fiscal year 2025-26, according to data released by the State Bank of Pakistan (SBP) on Thursday.
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Pakistan Petroleum in tax tug-of-war as FBR slaps multi-billion rupee notices
Karachi, February 19, 2026 – Pakistan Petroleum Limited (PPL) has disclosed that it is contesting tax demand notices worth billions of rupees issued by the Federal Board of Revenue (FBR), according to the company’s financial statements for the half year ended December 31, 2025.
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FBR dividend tax collection soars 21% in first seven months
Islamabad, February 19, 2026 – The Federal Board of Revenue (FBR) has reported a 21% surge in income tax collection from dividends during the first seven months (July 2025–January 2026) of the current fiscal year (FY26) compared to the same period last year.
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FBR rolls out mandatory online integration for retailers, hospitals, schools
Islamabad, February 18, 2026 – The Federal Board of Revenue (FBR) on Wednesday issued a comprehensive list of businesses that are mandatorily required to integrate their operations with the FBR’s online system, aiming to enhance documentation, transparency, and tax compliance across multiple sectors.
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FBR, NADRA launch secure electronic system for sharing citizens’ data
Islamabad, February 18, 2026 – The Federal Board of Revenue (FBR) and the National Database and Registration Authority (NADRA) have established a secure electronic module for sharing citizens’ information, aimed at improving data accessibility, transparency, and operational efficiency across government departments.
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