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.
(more…)Author: Shahnawaz Akhter
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Import growth drives Rs245 billion income tax collection for FBR in 1HFY26
Karachi, January 22, 2026 — Pakistan’s rising import bill during the first half (July–December) of fiscal year 2025-26 significantly boosted the Federal Board of Revenue’s (FBR) income tax collection at the import stage, which climbed to Rs245 billion, sources said on Friday.
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Pakistan’s forex reserves edge up to $21.258 billion in a week: SBP
Karachi, January 22, 2026 — Pakistan’s total foreign exchange (forex) reserves recorded a marginal increase, reaching $21.258 billion for the week ended January 16, 2026, according to weekly data released by the State Bank of Pakistan (SBP).
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KCAA calls on FBR to upgrade customs staff and infrastructure at Karachi ports
Karachi, January 22, 2026 – The Karachi Customs Agents Association (KCAA) has urged the Federal Board of Revenue (FBR) and government authorities to enhance customs infrastructure and increase staffing at Karachi’s sea ports to accelerate the clearance of import and export consignments.
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Why Pakistan Imposes Special Customs Duty – Explained for 2026
To protect local industry and ensure fair competition, the Federal Government of Pakistan is empowered to impose Special Customs Duty (SCD) on certain imported goods. This authority is granted under Section 18A of the Customs Act, 1969, as updated for tax year 2026.
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What Constitutes ‘Smuggling’ Under Pakistan Customs Act 1969 – 2026 Guide
For importers, exporters, and traders in Pakistan, understanding the definition of smuggling under the Customs Act, 1969 is crucial to avoid legal penalties, seizures, or prosecution.
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Understanding ‘Documents’ Under Pakistan Customs Act 1969 – 2026 Guide
The Customs Act, 1969, as updated for tax year 2026, provides clear guidance on what constitutes “documents” for importers, exporters, and customs authorities in Pakistan.
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Withholding tax on cash withdrawals soars 54% in December 2025
Islamabad, January 21, 2026 – The Federal Board of Revenue (FBR) has recorded a significant increase in withholding tax collected on cash withdrawals from banking companies, reporting a 54% rise in December 2025 compared to the same month last year.
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Withholding tax on new cars jumps 51% in 1HFY26: FBR
Islamabad, January 21, 2026 – The Federal Board of Revenue (FBR) has reported a remarkable 51% increase in withholding tax collected from the sale of new cars during the first half of fiscal year 2025-26 (July–December), compared to the same period last year.
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FBR reports 65% surge in tax collection from property sales in 1HFY26
Islamabad, January 21, 2026 – The Federal Board of Revenue (FBR) has recorded a significant 65% increase in tax collection from property sales during the first half (July–December) of fiscal year 2025-26 compared to the same period last year.
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