KARACHI, April 21, 2026 — Pakistan’s Federal Board of Revenue (FBR) has revised customs values for polyester filament yarn, citing rising international prices driven by geopolitical tensions and supply chain disruptions linked to ongoing global conflicts.
(more…)Author: Shahnawaz Akhter
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OICCI proposes 5% cap on withholding tax, urges major tax reform
KARACHI, April 20, 2026 — The Overseas Investors Chambers of Commerce and Industry (OICCI) has recommended that Pakistan cap withholding tax rates at a maximum of 5%, arguing that such taxes should be used primarily to broaden the tax base rather than generate direct revenue.
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REAP optimistic: Diplomatic breakthroughs could propel Pakistan’s exports to $100 billion
KARACHI, April 20, 2026 – The Rice Exporters Association of Pakistan (REAP) has expressed strong optimism regarding the cooling of tensions in the Middle East, attributing the positive shift to Pakistan’s proactive diplomatic efforts. According to REAP, this newfound regional stability could serve as a massive catalyst for national trade, potentially driving Pakistan’s total exports to a staggering $100 billion within the next three years.
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Pakistan sees $1.83 billion profit repatriation by foreign investors
KARACHI, April 20, 2026 – New data released by the State Bank of Pakistan (SBP) on Monday reveals a significant uptick in the movement of international capital. Foreign investors repatriated a total of $1.83 billion in profits and dividends during the first nine months (July to March) of the 2025-26 fiscal year.
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LTO Karachi posts record Rs2.58 trillion tax collection in 9MFY26
KARACHI, April 20, 2026- The Large Taxpayers Office (LTO) Karachi reported record tax collection of Rs2.58 trillion in the first nine months of fiscal year 2025-26, marking a 10% increase compared with the same period last year, official data showed on Monday.
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Business council urges FBR to withdraw super tax surcharge notices
KARACHI – The Pakistan Business Council (PBC) has urged the Federal Board of Revenue (FBR) to withdraw what it described as “illegal” notices for the recovery of default surcharge on super tax, warning that the move could undermine business confidence and economic stability.
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Pakistan tax audit recoveries jump 110% in FY25, FBR says
ISLAMABAD, April 20 — Income tax recoveries through audit proceedings in Pakistan surged by 110% in fiscal year 2024-25, reflecting improved enforcement and audit efficiency, the Federal Board of Revenue said in its annual report.
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FBR suspends top customs officials in high-profile silver swap scandal
ISLAMABAD, April 19 — Pakistan’s Federal Board of Revenue (FBR) has suspended several senior customs officials following fresh findings in a high-profile case involving the alleged swapping of seized silver bullion with lead, officials said on Sunday.
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Foreign investors urge tax cuts, reforms in Pakistan budget 2026-27
KARACHI, April 19 — Foreign investors in Pakistan have called for sweeping tax reforms, including lower corporate tax rates and the phased elimination of additional levies, as part of proposals submitted for the federal budget 2026-27.
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Pakistan tax return compliance hits record high, FBR data shows
ISLAMABAD, April 19 — Tax return filing compliance in Pakistan has reached a record high in fiscal year 2024-25, driven by enforcement measures, legal reforms and increased taxpayer awareness, according to official data.
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