Islamabad, January 18, 2026 – Pakistan’s rice exports plunged 50% during the first half of fiscal year 2025-26 (July–December), declining to $940 million from $1.88 billion in the same period last year, according to the Pakistan Bureau of Statistics (PBS).
(more…)Author: Shahnawaz Akhter
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FPCCI criticizes government over hike in petroleum levy
Islamabad: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has sharply criticized the government’s recent increase in petroleum levies, warning that it is placing further financial strain on consumers and businesses already grappling with high inflation.
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IRSOA expresses solidarity with commissioner amid court proceedings
Islamabad, January 17, 2026 — The Inland Revenue Service Officers Association (IRSOA) has expressed serious concern over efforts to register a First Information Report (FIR) against a serving Inland Revenue Commissioner over allegations of using threatening language toward a lawyer.
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Which Type of Property Can FBR Sell for Sales Tax Recovery in 2026?
Sales tax defaulters should be aware that the Federal Board of Revenue (FBR) has the authority to attach and sell movable or immovable property to recover unpaid sales tax under Rule 80 of the Sales Tax Rules, 2006 (updated for 2026). Knowing what can—and cannot—be sold is crucial for compliance and planning.
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Can FBR Sell a Defaulter’s Property to Recover Sales Tax?
Yes, the Federal Board of Revenue (FBR) has the authority to take stringent actions, including the sale of movable or immovable property, to recover unpaid sales tax from defaulters. This is provided under Rules 72–74 of the Sales Tax Rules, 2002 (updated for 2026). Understanding this process is essential for businesses and individuals to stay compliant.
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How FBR Initiates Sales Tax Recovery from Defaulters: A Complete Guide
The Federal Board of Revenue (FBR) has clear powers under Rule 71 of the Sales Tax Rules, 2006 (updated for 2026) to recover sales tax from defaulters. Understanding how these recovery actions work can help businesses stay compliant and avoid legal complications.
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How FBR Selects Taxpayers for Sales Tax E-Audit in 2026: Complete Guide
Karachi, January 2026 – The Federal Board of Revenue (FBR) has the authority to select taxpayers for e-audit under sales tax laws. The process is governed by Sales Tax Rules, 2006, updated for tax year 2026, allowing audits to be conducted electronically via IRIS or other approved digital platforms.
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How FBR Selects You for a Sales Tax Audit in 2026: Complete Guide
Karachi, January 2026 – The Federal Board of Revenue (FBR) selects taxpayers for sales tax audits under Rule 44A of Sales Tax Rules, 2006, updated for tax year 2026. This rule outlines a transparent selection and audit process using a combination of computerized random selection and parametric risk analysis.
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Scope of Special Sales Tax Audit by FBR in 2026: A Complete Guide
The Federal Board of Revenue (FBR) has the authority to conduct special sales tax audits under the Sales Tax Rules, 2006, updated for the tax year 2026. These audits ensure compliance with Pakistan’s sales tax laws and help registered businesses maintain accurate records.
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Pakistan customs mandates official exchange rates on shipping charges
Islamabad, January 15, 2026 – Pakistan Customs has secured a major regulatory win by enforcing the use of official bank exchange rates on shipping charges, effectively ending the long-standing practice of arbitrary and inflated billing by international shipping lines. The move is expected to provide significant relief to traders and exporters across the country.
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