Karachi, February 16, 2026 – The Directorate General of Customs Valuation, under the Government of Pakistan, has issued a new Valuation Ruling No. 2042/2026 to determine uniform customs values for imported coconut oil under Section 25A of the Customs Act, 1969.
(more…)Author: Shahnawaz Akhter
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Sindh reduces infrastructure cess, FPCCI hails move to ease business costs
Karachi, February 16, 2026 – The Sindh government has reduced the infrastructure development cess from 1.85% to between 0.80% and 0.85%, a move aimed at lowering the cost of doing business and boosting trade in the province.
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Tax incentive on property purchases slides FBR collection by 29% in 7MFY26
Islamabad, February 16, 2026 – The Federal Board of Revenue (FBR) has reported a sharp 29% decline in advance income tax collection on immovable property purchases during the first seven months (July to January) of fiscal year 2025-26, following significant reductions in tax rates.
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Khurram Ijaz urges merit-based boards to reduce SOE losses and protect taxpayers
Karachi, February 15, 2026 – Khurram Ijaz, Secretary General of the Businessmen Panel Progressive and former Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has called for urgent reforms in the governance of State-Owned Enterprises (SOEs) following the disclosure of staggering losses for the year 2025.
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Tax collection from brokerage and commission surges 20% in 7MFY26
Islamabad, February 15, 2026 – The Federal Board of Revenue (FBR) has reported a significant 20% increase in withholding tax collection from brokerage and commission during the first seven months (July to January) of fiscal year 2025-26.
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FBR collects Rs11 billion in advance tax on foreign card payments in 7MFY26
Islamabad, February 15, 2026 – The Federal Board of Revenue (FBR) has collected Rs11 billion as advance income tax on foreign payments made through credit cards, debit cards, and prepaid cards during the first seven months (July to January) of fiscal year 2025-26.
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Exporters pay over Rs103bn in taxes in just 7 months
Islamabad, February 14, 2026 — The Federal Board of Revenue (FBR) has collected over Rs103 billion from exporters during the first seven months (July to January) of the ongoing fiscal year 2025-26, according to provisional official data.
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FBR tax take slides Rs83bn as SBP interest rate cuts bite hard
Islamabad, February 13, 2026 — The Federal Board of Revenue (FBR) has reported a sharp Rs83.58 billion decline in tax collection under profit on debt during the first seven months (July–January) of FY26, primarily due to a steep cut in the benchmark interest rate that significantly reduced returns on bank deposits and government securities.
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FBR slashes Sialkot property rates, brings major tax relief
Islamabad, February 12, 2026 — The Federal Board of Revenue (FBR) has announced a significant reduction in property valuation rates for a specific area of Sialkot, aiming to align official values more closely with prevailing market conditions and ease the tax burden on buyers and sellers.
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Khurram Ijaz warns net billing policy could hurt industry, raise energy costs
Karachi, February 12, 2026 – Khurram Ijaz, Secretary General of the Businessmen Panel Progressive (BPP), the ruling group of the Federation of Pakistan Chamber of Commerce and Industries (FPCCI), has expressed serious concerns over the government’s newly introduced net billing policy, cautioning that it could impose an additional financial burden of billions of rupees on consumers, industrialists, and the wider business community.
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