Karachi, March 25, 2026 – The Institute of Cost and Management Accountants of Pakistan (ICMAP) has proposed the introduction of an additional residential property tax in the upcoming federal budget 2026-27, aiming to address imbalances in Pakistan’s housing market.
(more…)Author: Shahnawaz Akhter
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ICMAP pushes luxury taxes and farmer incentives for Budget 2026–27
Karachi, March 20, 2026 – The Institute of Cost and Management Accountants of Pakistan (ICMAP) has submitted a comprehensive set of revenue proposals to the Ministry of Finance for consideration in the upcoming Federal Budget 2026–27, aimed at broadening the tax base, documenting informal sectors, and generating sustainable revenue.
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SBP reports record 3.4 billion transactions in Pakistan
Karachi, March 19, 2026 – The State Bank of Pakistan has reported a record 3.4 billion retail transactions for the quarter ended December 31, 2025, highlighting continued growth in digital payments and financial inclusion across the country.
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FBR extends sugar import tax relief under new SRO 527
Karachi, March 19, 2026 – The Federal Board of Revenue has issued SRO 527(I)/2026, extending the sales tax exemption and concessional rates on the import of white crystalline sugar in a move aimed at stabilizing domestic prices and ensuring adequate supply in the market.
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FBR tightens cargo rules: Shipping lines and GHAs now liable
Islamabad, March 19, 2026 – The Federal Board of Revenue (FBR) has amended the International Transshipment Rules through SRO 517(I)/2026, introducing stricter regulations for the movement of transshipment cargo. The updated rules aim to enhance accountability, prevent pilferage, and ensure proper payment of duties and taxes.
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FPCCI warns of export crisis over new cargo charges
Islamabad, March 19, 2026 – The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has strongly criticized the unilateral imposition of additional charges on export cargo by ground handling agencies (GHAs), warning of serious consequences for Pakistan’s export sector.
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FBR rolls out major relief for exporters under EFS
Karachi, March 19, 2026 – The Federal Board of Revenue (FBR) has announced new relief measures under the Export Facilitation Scheme (EFS), aiming to ease compliance and improve liquidity for exporters, trade, and industry.
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FBR grants DP World 16.9 acres at Port Qasim amid Iran war
Karachi, March 18, 2026 – The Federal Board of Revenue (FBR) has granted a special storage facility to DP World at Port Qasim to handle international transshipment cargo, citing the ongoing crisis linked to the Iran war and heightened tensions in the Gulf region.
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FDI in Pakistan plunges 33% in 8MFY26, but February brings surprise recovery
Karachi, March 16, 2026 – Pakistan’s foreign direct investment (FDI) inflows declined by over 33% during the first eight months of the current fiscal year 2025-26, the State Bank of Pakistan (SBP) reported on Monday.
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FTO directs FBR to adjust super tax against pending refunds
Islamabad, March 16, 2026: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to ensure that taxpayers’ super tax liabilities are adjusted against their pending income tax refunds, terming the department’s refusal to do so arbitrary and discriminatory.
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