Institute of Cost and Management Accountants of Pakistan (ICMAP) has proposed the introduction of a Carbon and Pollution Levy on large industrial units as part of its tax recommendations for the Federal Budget 2026–27.
(more…)Author: Shahnawaz Akhter
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Business leaders warn fuel price hike may cripple economy
Karachi, April 3, 2026 – Pakistan’s leading business bodies have strongly condemned the unprecedented surge in petroleum prices, warning that the move could trigger economic paralysis, widespread industrial shutdowns, and a fresh wave of inflation across the country.
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FBR launches monitoring of tiles production through video analytics
Islamabad, April 3, 2026 – The Federal Board of Revenue (FBR) has introduced a new digital monitoring system to track tile production across the country using advanced video analytics technology.
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Customs officer punished after deadly Karachi operation
Islamabad, April 3, 2026 – The Federal Board of Revenue (FBR) has imposed strict disciplinary action against a Customs Preventive Officer following a tragic incident during an anti-smuggling operation in Karachi that resulted in the death of a civilian.
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Taxpayer’s secret recording leads to major break in corruption case
Islamabad, April 3, 2026 – A taxpayer’s secretly recorded audio and video evidence has triggered a major breakthrough in a corruption and misconduct case against a senior tax officer, leading to a significant disciplinary action and demotion.
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Khurram Ijaz Slams Fuel Hike, Warns of Inflation Surge
Karachi, April 3, 2026 – Khurram Ijaz, General Secretary of Businessmen Panel Progressive (BMPP) and former Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has strongly criticized the recent sharp increase in petroleum prices, warning that the decision will trigger a severe wave of inflation across the country and deepen economic hardship for both households and businesses.
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FBR announces major reshuffle, transfers 38 customs officers across Pakistan
Islamabad, April 2, 2026 – The Federal Board of Revenue (FBR) has carried out a major administrative reshuffle, transferring and posting 38 officers of the Pakistan Customs Service (PCS) across key positions in grades BS-17 to BS-20.
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Pakistan imports fall 5.57% amid Iran war trade disruptions
Islamabad, April 2, 2026 – Pakistan has reported a 5.57% decline in imports during March 2026, reflecting the early economic impact of escalating regional tensions following the Iran war. The conflict, triggered after the United States and Israel launched strikes on Iran on February 28, has disrupted global logistics and slowed foreign trade across the region.
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FBR Slaps Tax on YouTubers & Influencers: Here’s How the Cookie Crumbles
Karachi, April 2, 2026 – In a landmark move, the Federal Board of Revenue (FBR) has tightened its grip on Pakistan’s booming digital economy, introducing a sweeping taxation framework targeting YouTubers, influencers, and foreign content creators earning from Pakistani audiences.
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FBR–jewelers talks collapse over Section 175C, protests loom
Karachi, April 1, 2026 – Negotiations between the Federal Board of Revenue (FBR) and the All Pakistan Gems and Jewelers Association (APGJA) over the controversial Section 175C of the Income Tax Ordinance, 2001 ended without agreement on Wednesday, raising the likelihood of enforcement action and nationwide protests by jewelers.
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