Karachi, February 11, 2026 – Port and terminal operators emerged as the largest contributors to sales tax on services in Sindh during fiscal year 2024-25, according to the annual performance report released by the Sindh Revenue Board (SRB).
(more…)Author: Shahnawaz Akhter
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Sindh leads Pakistan in sales tax collection as provinces report strong growth in 1HFY26
Islamabad, February 10, 2026 – Sindh province maintained its position as the largest collector of Sales Tax on Services among Pakistan’s provinces during the first half (July to December) of fiscal year 2025-26, according to data released by the Federal Finance Ministry.
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Power bills dim FBR revenues as electricity tax collection drops 21%
Islamabad, February 10, 2026 – The Federal Board of Revenue (FBR) on Tuesday reported a sharp 21 percent decline in income tax collection on electricity consumption during the first seven months (July to January) of the ongoing fiscal year 2025-26, reflecting subdued economic activity and lower electricity usage by commercial and industrial consumers.
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FBR rakes it in: January income tax up 28% thanks to super tax push
The Federal Board of Revenue (FBR) has reported a robust 28.58% year-on-year (YoY) increase in income tax collection for January 2026, largely driven by the recovery of super tax following a landmark ruling by the Federal Constitutional Court, according to provisional data.
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Carbon levy fills state coffers with over Rs25 billion in 1HFY26
Islamabad, February 9, 2026 – The federal government has collected over Rs25 billion as carbon levy during the first half (July–December) of the ongoing fiscal year 2025-26, reflecting the initial financial impact of the newly introduced environmental taxation measures, according to official statistics released by the Ministry of Finance.
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FBR records dip in tax-to-GDP ratio despite higher revenue in 1HFY26
Islamabad, February 7, 2026 – The Federal Board of Revenue (FBR) has recorded a decline in Pakistan’s tax-to-GDP ratio to 4.75% during the first half (July–December) of fiscal year 2025-26, according to official data released by the Ministry of Finance.
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How to Apply to FBR for Approval of a Gratuity Fund – Step-by-Step Guide
Employers in Pakistan who establish a gratuity fund for their employees must obtain formal approval from the Federal Board of Revenue (FBR) to ensure tax recognition and compliance. The procedure and documentation requirements are clearly outlined in Rule 115 of the Income Tax Rules, 2002 (amended up to November 24, 2023).
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Can FBR officials break into a building for tax recovery?
Many taxpayers often ask whether officials of the Federal Board of Revenue (FBR) are legally allowed to break into a building during tax recovery proceedings. The answer lies in Rule 148 of the Income Tax Rules, 2002 (amended up to November 24, 2026), which clearly defines the scope and conditions of such authority.
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Pakistan posts Rs542 billion budget surplus in 1HFY26
Islamabad — Pakistan recorded a budget surplus of Rs542 billion during the first half (July–December) of the fiscal year 2025-26, marking a sharp turnaround from a deficit of Rs1.54 trillion in the same period last year, official data released by the Ministry of Finance showed on Friday.
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Pakistan Customs announces major vehicle auction in Kohat and D.I. Khan on February 10
Islamabad, February 7, 2026 – Pakistan Customs has announced a major public auction of confiscated vehicles to be held in Kohat and Dera Ismail Khan (D.I. Khan) on February 10, 2026, offering buyers a wide range of imported and locally registered cars, jeeps, vans, and trucks.
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