Islamabad, January 2, 2026 – Pakistan reported a 8.70% decline in exports, leading to a 34.57% increase in the trade deficit during the first half (July–December) of fiscal year 2025-26, compared to the same period last year, according to data released by the Pakistan Bureau of Statistics (PBS) on Friday.
(more…)Author: Shahnawaz Akhter
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Tax Scrutiny Could Hurt Exports, Jeopardies ‘Uraan Pakistan’ Vision: Khurram Ejaz
Karachi, January 2, 2026 – Businessmen Panel Progressive (BMPP) Secretary General and former Vice President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), Khurram Ejaz, has raised serious concerns over the Federal Board of Revenue’s (FBR) move to scrutinize export income, warning that it could discourage exporters and hurt Pakistan’s economic goals.
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Must-Know Punishable Offences for Failure to Comply with Tax Laws in 2026
Why Compliance with Tax Laws is Crucial
In Pakistan, tax laws are flexible but mandatory in certain areas. Failure to comply with statutory obligations can lead to punishable offences, including fines and imprisonment.
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How to Get Active Taxpayer Status After Filing Late Return
Why Active Taxpayer Status Matters
In Pakistan, active taxpayer status is a key component of tax law. Being on the Active Taxpayers’ List (ATL) ensures:
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What Happens if You Don’t File Your Tax Return in 2026?
For tax year 2026, the Income Tax Ordinance, 2001 (updated) prescribes strict penalties for failure to file a return of income.
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FBR confirms launch of desk tax audits for exporters
Islamabad, January 2, 2026 – The Federal Board of Revenue (FBR) has confirmed that it has initiated desk-based tax audits of exporters, clarifying that the process is routine and aimed at ensuring compliance with existing tax laws.
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SRB records 21% growth, collects Rs161.43 billion Sindh sales tax in 1HFY26
Karachi, January 1, 2026 – The Sindh Revenue Board (SRB) has achieved a 21 percent increase in the collection of sales tax on services during the first half (July–December) of fiscal year 2025-26, reflecting strong revenue performance and improved tax administration.
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Taxpayer Registration: An Essential Step for Tax Year 2026
For tax year 2026, taxpayer registration is mandatory for every person in Pakistan. Failing to register may create hassles in obtaining essential services, such as utility connections, loans, or operating e-commerce platforms.
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Know About Audit Powers of FBR Commissioner in Tax Year 2026
The Federal Board of Revenue (FBR) in Pakistan has been granted extensive audit powers under Section 177 of the Income Tax Ordinance, 2001, updated for tax year 2026. Taxpayers must understand these powers to ensure compliance and avoid disputes.
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NADRA Computes Your Tax Liability, Shares Information with FBR
Pakistan’s tax landscape is rapidly evolving, and NADRA is no longer limited to issuing CNICs. Under the Income Tax Ordinance, 2001, NADRA has been empowered to share data, analyze wealth patterns, and even compute indicative tax liability, making it a powerful partner of the Federal Board of Revenue (FBR).
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