Karachi, February 19, 2026 – Pakistan Petroleum Limited (PPL) has disclosed that it is contesting tax demand notices worth billions of rupees issued by the Federal Board of Revenue (FBR), according to the company’s financial statements for the half year ended December 31, 2025.
(more…)Author: Shahnawaz Akhter
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FBR dividend tax collection soars 21% in first seven months
Islamabad, February 19, 2026 – The Federal Board of Revenue (FBR) has reported a 21% surge in income tax collection from dividends during the first seven months (July 2025–January 2026) of the current fiscal year (FY26) compared to the same period last year.
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FBR rolls out mandatory online integration for retailers, hospitals, schools
Islamabad, February 18, 2026 – The Federal Board of Revenue (FBR) on Wednesday issued a comprehensive list of businesses that are mandatorily required to integrate their operations with the FBR’s online system, aiming to enhance documentation, transparency, and tax compliance across multiple sectors.
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FBR, NADRA launch secure electronic system for sharing citizens’ data
Islamabad, February 18, 2026 – The Federal Board of Revenue (FBR) and the National Database and Registration Authority (NADRA) have established a secure electronic module for sharing citizens’ information, aimed at improving data accessibility, transparency, and operational efficiency across government departments.
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LTO Karachi breaks records, collects Rs2 trillion in seven months of FY26
Karachi, February 18, 2026 – The Large Taxpayers Unit (LTO) Karachi has achieved a historic milestone by collecting around Rs2 trillion in taxes during the first seven months (July to January) of the fiscal year 2025-26, official sources confirmed on Wednesday.
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Pakistan reports 41% plunge in foreign direct investment in 7MFY26
Karachi, February 17, 2026 – Pakistan witnessed a sharp decline in foreign direct investment (FDI), with inflows plunging by 41% during the first seven months (July to January) of fiscal year 2025-26, according to the State Bank of Pakistan (SBP) on Tuesday.
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Pakistan posts $1.07 billion current account deficit in 7MFY26
Karachi, February 17, 2026 – Pakistan has recorded a current account deficit of $1.07 billion during the first seven months (July to January) of fiscal year 2025-26, marking a sharp shift from a $564 million surplus in the same period last year, according to the latest Balance of Payment (BOP) data released by the State Bank of Pakistan (SBP) on Tuesday.
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KTBA calls for timeout on super tax recovery until detailed court verdict
Karachi, February 17, 2026 – The Karachi Tax Bar Association (KTBA) on Tuesday urged the Federal Board of Revenue (FBR) to immediately suspend recovery of super tax until the detailed judgment of the Federal Constitutional Court is formally issued.
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FBR issues fresh customs values for spray dispensing components: VR 2043/2026
Karachi, February 17, 2026 — The Federal Board of Revenue (FBR) has issued fresh customs values for spray dispensing components to ensure accurate assessment of duties and taxes at the import stage.
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Retail tax collections surge as FBR rakes in 30% more revenue
Islamabad, February 17, 2026 — The Federal Board of Revenue (FBR) has recorded a 30 percent increase in withholding income tax collection from retailers during the first seven months (July to January) of the ongoing fiscal year 2025–26, according to official provisional data.
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