Islamabad, January 20, 2026 – The Federal Board of Revenue (FBR) has carried out a major administrative reshuffle involving 23 officers of the Inland Revenue Service (IRS) as part of its ongoing efforts to enhance revenue collection and improve operational efficiency.
(more…)Author: Shahnawaz Akhter
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FBR reports nearly five-fold surge in capital gains tax amid PSX rally in 1HFY26
Karachi, January 20, 2026 – The Federal Board of Revenue (FBR) has reported an extraordinary rise in Capital Gains Tax (CGT) collection, posting nearly a five-fold increase during the first half (July–December) of the ongoing fiscal year 2025–26, driven by an unprecedented boom in the Pakistan Stock Exchange (PSX).
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Procedure of Sales Tax Recovery Through Sale of Immovable Property (2026)
The Sales Tax Rules, 2006 (updated for tax year 2026) lay down a detailed legal mechanism for the Federal Board of Revenue (FBR) to recover defaulted sales tax through attachment and sale of immovable property. These rules aim to ensure transparency, due process, and protection of rights for defaulters, purchasers, and other affected parties.
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Pakistan’s tax giant: LTO Karachi achieves Rs1.70 trillion in half-year
Karachi, January 20, 2026 – The Large Taxpayers Office (LTO) Karachi has surpassed all previous records by collecting an unprecedented Rs1.70 trillion in the first half of fiscal year 2025-26 (July–December), marking a 9% growth over Rs1.56 trillion collected during the same period last year. As the largest revenue-generating arm of the Federal Board of Revenue (FBR), LTO Karachi continues to set benchmarks in tax administration and compliance.
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FBR issues new customs values for ammunition imports under valuation ruling 2036/2026
Islamabad, January 19, 2026 – The Federal Board of Revenue (FBR) has notified revised customs values for imported ammunition to be used for assessment of duty and taxes at the import stage. The new values have been issued through Valuation Ruling No. 2036/2026, notified by the Directorate General of Customs Valuation, Karachi
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Foreign Direct Investment into Pakistan Plunges 43% in 1HFY26: SBP
Karachi, January 19, 2026 – The State Bank of Pakistan (SBP) reported a sharp decline in foreign direct investment (FDI), which fell by 43% during the first half (July–December) of fiscal year 2025-26 compared with the same period last year. FDI totaled $808 million in 1HFY26, down from $1.42 billion in 1HFY25, signaling a slowdown in investor confidence despite a strong performance in the country’s stock market.
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Pakistan’s current account deficit widens to $1.74 billion in 1HFY26: SBP
Karachi, January 19, 2026 – The State Bank of Pakistan (SBP) has reported a sharp increase in the country’s current account deficit, which surged to $1.74 billion during the first half (July–December) of fiscal year 2025-26. This represents a significant shift from a current account surplus of $957 million recorded in the same period last year.
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Procedure for Attachment and Sale of Movable Property by FBR Officials in 2026
Updated under Sales Tax Rules, 2006 (Tax Year 2026)
The Sales Tax Rules, 2006, as updated for tax year 2026, prescribe a comprehensive legal framework for the attachment and sale of movable property of sales tax defaulters by officials of the Federal Board of Revenue (FBR). These rules ensure due process, proportionality, and transparency in recovery proceedings.
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KCCI expresses grief over Gul Plaza fire, forms committee to assess losses
Karachi, January 18, 2026 – The Karachi Chamber of Commerce and Industry (KCCI) has expressed deep sorrow over the tragic fire incident at Gul Plaza on M.A. Jinnah Road, which claimed precious human lives and caused massive destruction to one of Karachi’s busiest commercial hubs.
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FBR to Finalize New Property Valuation Tables for Islamabad by January 31
Islamabad, January 18, 2026 – The Federal Board of Revenue (FBR) is set to decide on revised property valuation tables for District Islamabad by the end of January 2026, following objections raised by real estate stakeholders over discrepancies in assessed values.
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