Karachi, November 19, 2025: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Wednesday lauded the Federal Board of Revenue’s (FBR) proactive efforts to remove operational bottlenecks at Karachi port terminals, aiming to enhance trade efficiency and facilitate smoother cargo movement.
(more…)Author: Shahnawaz Akhter
-
FBR tightens grip on retailers with advanced video surveillance
Karachi, November 19, 2025 – In a groundbreaking move to clamp down on tax evasion, the Federal Board of Revenue (FBR) is rolling out high-tech video surveillance across retail outlets and manufacturing units, aiming to track sales, purchases, and production processes in real time.
(more…) -
FBR hands KCCI tax assessment to LTO Karachi in major move
Karachi, November 19, 2025 – In a bold move signaling tighter scrutiny on Pakistan’s business elite, the Federal Board of Revenue (FBR) has transferred the high-profile tax assessment case of the Karachi Chamber of Commerce and Industry (KCCI) to the Large Taxpayers Office (LTO) Karachi.
(more…) -
FBR issues draft insurance guarantee format for export facilitation scheme
Islamabad, November 18, 2025 – The Federal Board of Revenue (FBR) has released a detailed draft of the insurance guarantee format required under Pakistan’s Export Facilitation Scheme (EFS), originally notified through SRO 957(I)/2021.
(more…) -
FBR imposes penalties for 2025 wealth statement non-submission
Karachi, November 18, 2025 – The Federal Board of Revenue (FBR) has announced penalties for taxpayers who fail to submit their wealth statements for the tax year 2025.
(more…) -
Pakistan mandates 100% X-ray scanning for all Afghan transit trade cargo (ATT)
Islamabad, November 17, 2025 – In a significant move to enhance supply chain security and mitigate elevated security risks, Pakistan has mandated 100% Non-Intrusive Inspection (NII) scanning for all consignments under the Afghan Transit Trade (ATT) regime.
(more…) -
Pakistan’s FDI falls 26% in first four months of FY26
Karachi, November 17, 2025 – Pakistan has recorded a significant 26% decline in foreign direct investment (FDI) during the first four months of fiscal year 2025-26, according to fresh data released by the State Bank of Pakistan (SBP) on Monday.
(more…) -
Pakistan’s current account deficit surges 255% in first four months of FY26
Karachi, November 17, 2025 – Pakistan’s current account deficit (CAD) has widened sharply by 255% during the first four months of fiscal year 2025-26, compared to the same period last year, according to the latest Balance of Payments data released by the State Bank of Pakistan (SBP) on Monday.
(more…) -
FBR issues new SOP for container X-ray scanning in Pakistan
Karachi, November 17, 2025 – The Federal Board of Revenue (FBR) has issued a detailed Standard Operating Procedure (SOP) governing X-ray and Gamma-ray scanning of cargo containers at ports and terminals across Pakistan. The new procedure aims to strengthen border security while ensuring that goods are examined without damaging container integrity.
(more…) -
FBR set to punish withholding agents for concealing key information
Karachi, November 16, 2025 — The Federal Board of Revenue (FBR) is moving toward strict enforcement of penal provisions against withholding agents who fail to provide complete information about individuals involved in major financial transactions.
(more…)