Pakistan Revenue
Islamabad, January 21, 2026 – The Federal Board of Revenue (FBR) has recorded a significant 65% increase in tax collection from property sales during the first half (July–December) of fiscal year 2025-26 compared to the same period last year.
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Under Section 18 of the Customs Act, 1969, as updated for tax year 2026, the Federal Board of Revenue (FBR) has the legal authority to levy customs duties on specified goods entering Pakistan. The law also outlines when regulatory and additional customs duties may be imposed and clarifies which goods are exempt from export duty.
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The Customs Act, 1969, as updated for tax year 2026, clearly outlines prohibitions on certain goods that cannot be imported into or exported from Pakistan. These restrictions are provided under Section 15, which plays a critical role in protecting Pakistan’s economy, intellectual property rights, public morality, and financial system.
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The Federal Board of Revenue (FBR) has been legally empowered to declare any place in Pakistan as a customs station under the updated Customs Act, 1969, applicable for tax year 2026. This enhanced authority aims to improve trade facilitation, strengthen enforcement, and modernize customs operations across the country.
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Islamabad, January 21, 2026 — Salaried persons in Pakistan paid Rs267 billion as income tax during the first half of the current fiscal year 2025-26 (1HFY26), according to provisional figures released by the Federal Board of Revenue (FBR).
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Karachi, January 20, 2026 – Pakistan witnessed a significant rise in profit and dividend outflows during the first half of the ongoing fiscal year, as foreign investors repatriated $1.56 billion between July and December FY2025-26, according to data released by the State Bank of Pakistan (SBP) on Tuesday.
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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.
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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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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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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 […]
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