Pakistan Revenue
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.
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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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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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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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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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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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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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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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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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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 […]
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