Islamabad, January 24, 2026 — The Government of Pakistan has announced a special Drawback of Local Taxes and Levies (DLTL) regime aimed at facilitating and boosting rice exports from the country.
(more…)Author: Shahnawaz Akhter
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Powers of Pakistan Customs to Obtain Foreign Trade Information (2026 Update)
📌 Overview: Why Section 26 Matters in 2026
The Customs Act, 1969, as updated for tax year 2026, significantly strengthens the authority of Pakistan Customs to access foreign trade declaration information.
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Pakistan Customs Takeover of Imported Goods (2026 Guide)
Section 25C of the Customs Act, 1969, as updated for tax year 2026, grants Pakistan Customs extraordinary powers to take over imported goods when authorities believe that the declared customs value is understated.
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How Customs Values Are Determined in Pakistan for Foreign Trade (2026 Guide)
Understanding customs valuation in Pakistan is critical for importers, exporters, clearing agents, tax professionals, and businesses engaged in foreign trade. In 2026, customs values are determined under Section 25 of the Customs Act, 1969, as updated for the tax year 2026.
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Procedure for Re-Importation of Pakistani Goods – Tax Year 2026
The Federal Board of Revenue (FBR) has laid down a detailed legal framework for the re-importation of goods produced or manufactured in Pakistan under Section 22 of the Customs Act, 1969, as updated for tax year 2026.
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Government’s Powers to Exempt Customs Duties in Pakistan – 2026 Explained
Under Section 19 of the Customs Act, 1969, as updated for tax year 2026, the Federal Government of Pakistan has wide-ranging powers to exempt goods from customs duties and to remit fines and penalties in exceptional circumstances.
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Duty and Taxes Under Trade Agreements – Customs Act 1969 Explained for 2026
Pakistan’s trade agreements allow reduced customs duties and taxes on selected imports, helping promote trade and economic cooperation. These concessions are governed by Section 18C of the Customs Act, 1969, as updated for tax year 2026.
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SBP tightens export rules; new undertakings required for payments
Karachi, Jan 23, 2026 – The State Bank of Pakistan (SBP) has introduced stricter rules for exporters, requiring them to submit a new Undertaking/Declaration through the Pakistan Single Window (PSW) system for receipt of payments via Authorized Dealers (ADs).
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Tax evasion in iron and steel sector: FBR plans real-time monitoring
Islamabad, January 23, 2026 – The Federal Board of Revenue (FBR) has announced plans to tackle tax evasion and revenue leakage in Pakistan’s iron and steel sector through real-time production monitoring.
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FBR sees 21% drop in advance tax collection from electricity use in 1HFY26
Islamabad, January 23, 2026 — The Federal Board of Revenue (FBR) has reported a sharp 21 percent decline in the collection of advance income tax on electricity consumption during the first half (July–December) of fiscal year 2025-26, compared to the same period last year, according to provisional data.
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