KARACHI, April 11 (PkRevenue.com) – The Karachi Chamber of Commerce and Industry and Faisalabad Chamber of Commerce and Industry agreed on Saturday to strengthen coordination to present a unified stance on Pakistan’s economic and business challenges, according to a joint statement.
(more…)Author: Shahnawaz Akhter
-
Karachi contributes 45% to Pakistan’s direct tax collection in FY25
KARACHI, April 10 – Karachi accounted for 45% of Pakistan’s total direct tax collection in fiscal year 2024-25, underscoring the city’s central role in the country’s revenue generation, according to the annual report released by the Federal Board of Revenue.
(more…) -
New car boom drives 71% rise in Pakistan tax revenue
ISLAMABAD, April 10 – Pakistan’s tax authority said on Friday that withholding income tax collected on the registration of new cars rose by more than 71% in fiscal year 2024-25, driven by higher vehicle sales and changes in the tax structure.
(more…) -
Pakistan forex reserves rise by $105 million, central bank says
KARACHI, April 9 – Pakistan’s foreign exchange reserves increased by $105 million in the week ended April 3, the State Bank of Pakistan said on Thursday, offering modest support to the country’s external position.
(more…) -
Pakistan Customs collects over Rs200 billion in regulatory duty in FY25
Karachi, April 9, 2026 — The Federal Board of Revenue (FBR) has reported that Pakistan Customs collected over Rs200 billion in regulatory duty during the fiscal year 2024-25, reflecting steady growth in import-related revenues despite mixed trends across different sectors.
(more…) -
SRB awards 1300cc car in POS invoice prize draw to boost tax compliance
Karachi, April 9, 2026 — The Sindh Revenue Board (SRB) has announced the winner of a 1300cc car as part of its third computerized prize ballot draw, aimed at promoting tax compliance through verified Point of Sale (POS) invoices.
(more…) -
Service Long March expands Pakistan footprint with $120 million investment
Islamabad, April 9, 2026 — Service Long March Tyres (Private) Limited has announced an additional investment of $120 million in Pakistan, reinforcing growing investor confidence in the country’s industrial and export potential. The announcement was made during a high-level meeting between Federal Minister for Commerce Jam Kamal Khan and the company’s Chairman, Jin Yongsheng, along with senior government officials.
(more…) -
RTO-II Karachi collects record Rs154 billion in salary tax
Karachi, April 9, 2026 – The Regional Tax Office (RTO) II Karachi, operating under the Federal Board of Revenue (FBR), has recorded a significant increase in salary-based withholding tax collection, reaching Rs154 billion during the fiscal year 2024–25. This marks a strong 44% growth compared to the Rs107 billion collected in the previous fiscal year, highlighting improved tax compliance and expanded revenue efforts.
(more…) -
FTO orders FBR to settle refunds before income tax recovery
Islamabad — The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to ensure that coercive income tax recovery measures are only initiated after the adjustment or resolution of taxpayers’ pending refund claims.
(more…) -
FBR issues new customs values for Lithium-Ion batteries via VR-2062/2026
Karachi, April 8, 2026 – The Federal Board of Revenue (FBR) has issued updated customs values for Lithium-Ion batteries to ensure accurate duty and tax assessment at the import stage. The Directorate General of Customs Valuation released Valuation Ruling No. 2062/2026, dated April 6, 2026, officially replacing the previous ruling VR-1964/2025 issued on January 29, 2025.
(more…)