Karachi, February 18, 2026 – The Large Taxpayers Unit (LTO) Karachi has achieved a historic milestone by collecting around Rs2 trillion in taxes during the first seven months (July to January) of the fiscal year 2025-26, official sources confirmed on Wednesday.
(more…)Author: Shahnawaz Akhter
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Pakistan reports 41% plunge in foreign direct investment in 7MFY26
Karachi, February 17, 2026 – Pakistan witnessed a sharp decline in foreign direct investment (FDI), with inflows plunging by 41% during the first seven months (July to January) of fiscal year 2025-26, according to the State Bank of Pakistan (SBP) on Tuesday.
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Pakistan posts $1.07 billion current account deficit in 7MFY26
Karachi, February 17, 2026 – Pakistan has recorded a current account deficit of $1.07 billion during the first seven months (July to January) of fiscal year 2025-26, marking a sharp shift from a $564 million surplus in the same period last year, according to the latest Balance of Payment (BOP) data released by the State Bank of Pakistan (SBP) on Tuesday.
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KTBA calls for timeout on super tax recovery until detailed court verdict
Karachi, February 17, 2026 – The Karachi Tax Bar Association (KTBA) on Tuesday urged the Federal Board of Revenue (FBR) to immediately suspend recovery of super tax until the detailed judgment of the Federal Constitutional Court is formally issued.
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FBR issues fresh customs values for spray dispensing components: VR 2043/2026
Karachi, February 17, 2026 — The Federal Board of Revenue (FBR) has issued fresh customs values for spray dispensing components to ensure accurate assessment of duties and taxes at the import stage.
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Retail tax collections surge as FBR rakes in 30% more revenue
Islamabad, February 17, 2026 — The Federal Board of Revenue (FBR) has recorded a 30 percent increase in withholding income tax collection from retailers during the first seven months (July to January) of the ongoing fiscal year 2025–26, according to official provisional data.
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How long must you stay to be a tax resident in Pakistan?
Islamabad, February 17, 2026 – Determining tax residency in Pakistan hinges on the duration of stay, as outlined in Rule 14 of the Income Tax Rules, 2002 (amended up to November 24, 2023). Understanding this rule is crucial for individuals to comply with the Income Tax Ordinance, 2001.
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Government must reverse fuel price hike to ease Ramazan inflation: BMPP General Secretary
Karachi, February 16, 2026 — Businessmen Panel Progressive (BMPP) has urged the government to immediately roll back the increase in petroleum product prices imposed from February 16, warning that the decision will further burden the public and businesses during the holy month of Ramazan.
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ATIR workers’ protest hampers tax appeal filing, KTBA warns
Karachi, February 16, 2026 – The Karachi Tax Bar Association (KTBA) on Monday raised serious concerns over the ongoing protest by employees of the Appellate Tribunal Inland Revenue (ATIR), stating that the disruption has severely hampered the filing of appeals and stay applications, causing significant hardship for taxpayers and their legal representatives.
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SBP launches cyber shield to protect banks and customers
Karachi, February 16, 2026 – The State Bank of Pakistan (SBP) on Monday launched “Cyber Shield – the Cyber Resilience Strategy for Regulated Entities”, a comprehensive national framework aimed at strengthening the safety, security, and resilience of Pakistan’s banking and financial system against rapidly evolving cyber threats.
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