Karachi, January 26, 2026 – The State Bank of Pakistan (SBP) on Monday decided to maintain the policy rate at 10.5%, citing concerns over rising inflation and a widening trade deficit.
(more…)Author: Shahnawaz Akhter
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FBR restricts customs officials from using social media without approval
Islamabad, January 26, 2026 — The Federal Board of Revenue (FBR) on Monday issued strict instructions barring Customs officers and officials from using social media platforms without obtaining prior approval from the competent authority.
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How Much Interest Rate Cut Can We Expect in Today’s MPC Meeting?
Karachi, January 26, 2026: Sentiments are running high as Pakistan awaits the Monetary Policy Committee (MPC) meeting of the State Bank of Pakistan (SBP) today. Market participants and analysts are closely monitoring expectations for a potential benchmark interest rate cut.
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Time Limit for Claiming Refund of Customs Duties: FBR Explains (2026)
Importers often discover—sometimes months later—that customs duties or charges were overpaid due to error, miscalculation, or misinterpretation. However, Pakistan’s customs law places a strict time restriction on refund claims.
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What Constitutes Fiscal Fraud Under Pakistan Customs Laws? (2026 Explained)
Fiscal fraud is considered one of the most serious offences under Pakistan Customs laws. To safeguard government revenue and ensure transparency in cross-border trade, Section 32A of the Customs Act, 1969 (updated for tax year 2026) defines specific actions that amount to customs-related fiscal fraud and prescribes strict enforcement measures.
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How Pakistan Customs Deals With False Statements (2026 Guide)
False declarations during import or export clearance are treated seriously under Pakistan’s customs laws. In 2026, Section 32 of the Customs Act, 1969 clearly outlines how Pakistan Customs detects, investigates, and recovers losses arising from false statements, errors, or misdeclarations—including those submitted through electronic systems.
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Export of services boosts FBR tax collection by 22% in 1HFY26
Islamabad, January 26, 2026 — Pakistan’s export of services has delivered a strong boost to national revenues, helping the Federal Board of Revenue (FBR) record a 22 percent increase in tax collection during the first half of fiscal year 2025–26 (July–December) compared to the same period last year.
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What is Date of Duty Rate? Importers Must Learn for 2026
Understanding the date of duty rate is crucial for importers to calculate the correct import duty for their shipments. Section 30 of the Customs Act, 1969 (updated for 2026) clearly defines how and when the rate of duty is determined for imported goods.
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Is Abatement Allowed on Damaged Goods Under Customs Laws? Learn for 2026
Pakistan Customs provides mechanisms for abatement of duty on goods that are damaged, deteriorated, or short-shipped under Section 27 of the Customs Act, 1969 (updated for 2026).
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Access to Records and Conducting Audits by Pakistan Customs in 2026
Pakistan Customs, under the Customs Act, 1969 (updated for the 2026 tax year), has clearly defined powers to access records and conduct audits to ensure compliance with customs laws, duties, taxes, and other statutory obligations. Sections 26A and 26B govern these powers.
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