Karachi, February 23, 2026 – The Sindh Revenue Board (SRB) has announced a major transformation of Sindh’s tax regime, moving from the Positive List of Tariff (PCT) to a Negative List Tariff regime in the current fiscal year 2025-26. This reform marks a significant step toward broadening the tax base and simplifying taxation of services across the province.
(more…)Author: Shahnawaz Akhter
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Banks return dormant funds: SBP receives CY24 unclaimed deposits
Karachi, February 23, 2026 – Around 13 commercial banks in Pakistan have surrendered their unclaimed deposits up to December 31, 2024 to the State Bank of Pakistan (SBP) in compliance with the Banking Companies Ordinance, 1962. This step is part of ongoing efforts to ensure that dormant funds are returned to their rightful owners.
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OGDCL suffers 16% fall in net profit in second quarter of FY26
Karachi, February 23, 2026 – Oil and Gas Development Company Limited (OGDCL) on Monday reported a 16% year-on-year decline in net profit for the second quarter of fiscal year 2026, primarily due to lower gas production, rising operating costs, and higher exploration expenses.
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Public auctions generate Rs9 billion in FBR tax revenue in 7MFY26
Islamabad, February 21, 2026 – The Federal Board of Revenue (FBR) has collected more than Rs9 billion as advance income tax from public auctions during the first seven months (July–January) of fiscal year 2025-26.
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FBR’s prize bond jackpot: Tax collections hit Rs5 billion
Islamabad, February 21, 2026 – The Federal Board of Revenue (FBR) has collected more than Rs5 billion as income tax from prize bond winnings during the first seven months (July–January) of the fiscal year 2025-26.
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Banks recover Rs28.76 billion against NPLs in December quarter
Karachi, February 21, 2026 — Pakistan’s banking sector achieved significant progress in recovering non-performing loans (NPLs), with total recoveries reaching Rs28.76 billion during the quarter ended December 2025, according to the State Bank of Pakistan (SBP). This marked an increase from Rs25.77 billion recovered in the September 2025 quarter.
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APCAA urges FBR to pause point deductions amid mounting concerns
Karachi, February 20, 2026 — The All Pakistan Customs Agents Association (APCAA) has called for the immediate suspension of the Federal Board of Revenue (FBR)’s point scoring and deduction mechanism for licensed customs agents, urging authorities to recalibrate the system in consultation with key stakeholders before its continuation.
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FBR shuffles top high-profile 11 PCS officers in major transfer move
Islamabad, February 20, 2026 – The Federal Board of Revenue (FBR) on Friday announced the transfers and postings of high-profile officers of the Pakistan Customs Service (PCS) with immediate effect. The moves are aimed at enhancing operational efficiency and strengthening leadership across key customs departments nationwide.
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Karachi lights up FBR revenue, pays over Rs15 billion via electricity bills
Karachi, February 20, 2026 – Karachi, Pakistan’s financial and commercial hub, has generated over Rs15 billion in advance income tax collected through electricity bills during the first seven months (July to January) of fiscal year 2025-26, according to data from the Federal Board of Revenue (FBR).
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Foreign investors pull $1.68bn from Pakistan as profit repatriation surges in 7MFY26
Karachi, February 19, 2026 – Foreign investors operating in Pakistan repatriated $1.68 billion in profits and dividends during the first seven months (July to January) of fiscal year 2025-26, according to data released by the State Bank of Pakistan (SBP) on Thursday.
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