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…)Author: Shahnawaz Akhter
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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.
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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.
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FBR explains sales tax exemption methodology for businesses
Karachi, November 15, 2025 — The Federal Board of Revenue (FBR) has provided detailed guidance on the methodology for accounting for sales tax exemptions in its tax expenditure reports.
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FBR announces withholding tax rates for imports in tax year 2026
Karachi, November 15, 2025 — The Federal Board of Revenue (FBR) has released the updated withholding tax rates for imported goods for the tax year 2026, providing guidance for importers, withholding agents, and other stakeholders.
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Appraising officer penalized for aiding misdeclaration at Pakistan Customs
Karachi, November 14, 2025 – The Federal Board of Revenue (FBR) has imposed a major penalty on a Pakistan Customs appraising officer after he was found guilty of facilitating misdeclaration that benefitted importers and caused significant revenue loss to the national exchequer.
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FBR reports eight-fold rise in FY2025 revenue through enforcement measures
Islamabad, November 14, 2025 — The Federal Board of Revenue (FBR) announced a remarkable eight-fold increase in revenue collection for the fiscal year 2024–25, attributing the surge to new enforcement initiatives, governance reforms, and enhanced transparency.
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Customs officer faces major penalty for facilitating smuggling at Lahore Airport
Islamabad, November 13, 2025 – The Federal Board of Revenue (FBR) has imposed a major penalty on a customs officer for facilitating the clearance of smuggled goods at Lahore Airport.
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False Statement Alert: 2025 Tax Return Filers Face Major FBR Crackdown
Islamabad, November 13, 2025 — The Federal Board of Revenue (FBR) has warned that strict action awaits 2025 return filers who have submitted false or misleading information in their electronically filed income tax returns.
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FBR imposes heavy fines for non-filing of 2025 income tax returns
Islamabad, November 13, 2025 — The Federal Board of Revenue (FBR) has officially notified strict monetary penalties for taxpayers who fail to file their 2025 income tax returns within the due date, marking one of the most stringent enforcement measures in recent years.
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