Karachi, March 30, 2026 – The Federal Board of Revenue (FBR) has revised customs values of imported polyester fabrics through a new valuation ruling aimed at ensuring transparency and uniformity in duty assessment at the import stage.
(more…)Author: Shahnawaz Akhter
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How FBR determines your salary income for return filing 2026
If you are a salaried individual earning above the threshold of Rs. 600,000 annually, understanding how the Federal Board of Revenue (FBR) calculates your income is essential for accurate tax return filing in tax year 2026.
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FBR faces major delay in enforcing new tax law Section 114C on economic restrictions
Islamabad, March 29, 2026 – The Federal Board of Revenue (FBR) has so far been unable to enforce newly introduced restrictions on ineligible persons under Section 114C of the Income Tax Ordinance 2001 for the fiscal year 2025–26, raising concerns about regulatory delays and tax compliance gaps.
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ICMAP proposes consumer lottery scheme to bring retailers into tax net
Karachi, March 29, 2026 – The Institute of Cost and Management Accountants of Pakistan has proposed an innovative consumer lottery scheme aimed at improving tax compliance and documenting retail transactions across the country. The recommendation has been submitted as part of budget proposals for the Federal Budget 2026–27 to the Ministry of Finance Pakistan.
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FBR chairman takes action on Karachi tax complaints
Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial has issued key directives to address long-standing tax and operational challenges faced by Karachi’s business community during his visit to the Karachi Chamber of Commerce and Industry (KCCI) on March 26, 2026.
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Khurram Ijaz raises alarm over rising foreign outflows amid sharp drop in FDI
Karachi – Khurram Ijaz, General Secretary of the Businessmen Panel Progressive (BMPP) and former Vice President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), has voiced strong concern over the surge in foreign profit repatriation at a time when Pakistan is experiencing a steep and worrying decline in Foreign Direct Investment (FDI).
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FBR imposes major penalty on intelligence officer in tobacco tax case
Islamabad, March 26, 2026: The Federal Board of Revenue (FBR) has imposed a major penalty on an Inland Revenue intelligence officer following the conclusion of disciplinary proceedings in a high-profile raw tobacco tax case.
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Pakistan may generate Rs15 billion by taxing digital platforms: ICMAP
Karachi, March 26, 2026 – The Institute of Cost and Management Accountants of Pakistan has projected that Pakistan could generate around Rs15 billion annually by imposing a tax on digital platforms in the upcoming budget 2026–27.
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LTO Islamabad delegates powers to speed up tax assessments
Islamabad, March 26, 2026 – The Large Taxpayers Office Islamabad (LTO Islamabad) has delegated key powers to Inland Revenue (IR) officers to accelerate the assessment and processing of taxpayer cases, aiming to improve efficiency and reduce delays in tax administration.
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Pakistan stock brokers seek CGT exemption after 3 years
Karachi – The Pakistan Stock Brokers Association (PSBA) has proposed a major tax relief for investors, calling for a complete exemption from Capital Gains Tax (CGT) on securities held for more than three years in its budget proposals for 2026–27.
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