Under Section 18 of the Customs Act, 1969, as updated for tax year 2026, the Federal Board of Revenue (FBR) has the legal authority to levy customs duties on specified goods entering Pakistan. The law also outlines when regulatory and additional customs duties may be imposed and clarifies which goods are exempt from export duty.
(more…)Author: Shahnawaz Akhter
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Customs Act 1969: Prohibited Goods Under Section 15 Explained for Tax Year 2026
The Customs Act, 1969, as updated for tax year 2026, clearly outlines prohibitions on certain goods that cannot be imported into or exported from Pakistan. These restrictions are provided under Section 15, which plays a critical role in protecting Pakistan’s economy, intellectual property rights, public morality, and financial system.
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Explained: How FBR Can Declare Any Location in Pakistan as a Customs Station in 2026
The Federal Board of Revenue (FBR) has been legally empowered to declare any place in Pakistan as a customs station under the updated Customs Act, 1969, applicable for tax year 2026. This enhanced authority aims to improve trade facilitation, strengthen enforcement, and modernize customs operations across the country.
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Salaried individuals contribute Rs267 billion in income tax during 1HFY26: FBR
Islamabad, January 21, 2026 — Salaried persons in Pakistan paid Rs267 billion as income tax during the first half of the current fiscal year 2025-26 (1HFY26), according to provisional figures released by the Federal Board of Revenue (FBR).
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Pakistan records $1.56bn profit repatriation in 1HFY26
Karachi, January 20, 2026 – Pakistan witnessed a significant rise in profit and dividend outflows during the first half of the ongoing fiscal year, as foreign investors repatriated $1.56 billion between July and December FY2025-26, according to data released by the State Bank of Pakistan (SBP) on Tuesday.
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FBR reshuffles 23 Inland Revenue officers to strengthen tax collection drive
Islamabad, January 20, 2026 – The Federal Board of Revenue (FBR) has carried out a major administrative reshuffle involving 23 officers of the Inland Revenue Service (IRS) as part of its ongoing efforts to enhance revenue collection and improve operational efficiency.
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FBR reports nearly five-fold surge in capital gains tax amid PSX rally in 1HFY26
Karachi, January 20, 2026 – The Federal Board of Revenue (FBR) has reported an extraordinary rise in Capital Gains Tax (CGT) collection, posting nearly a five-fold increase during the first half (July–December) of the ongoing fiscal year 2025–26, driven by an unprecedented boom in the Pakistan Stock Exchange (PSX).
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Procedure of Sales Tax Recovery Through Sale of Immovable Property (2026)
The Sales Tax Rules, 2006 (updated for tax year 2026) lay down a detailed legal mechanism for the Federal Board of Revenue (FBR) to recover defaulted sales tax through attachment and sale of immovable property. These rules aim to ensure transparency, due process, and protection of rights for defaulters, purchasers, and other affected parties.
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Pakistan’s tax giant: LTO Karachi achieves Rs1.70 trillion in half-year
Karachi, January 20, 2026 – The Large Taxpayers Office (LTO) Karachi has surpassed all previous records by collecting an unprecedented Rs1.70 trillion in the first half of fiscal year 2025-26 (July–December), marking a 9% growth over Rs1.56 trillion collected during the same period last year. As the largest revenue-generating arm of the Federal Board of Revenue (FBR), LTO Karachi continues to set benchmarks in tax administration and compliance.
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FBR issues new customs values for ammunition imports under valuation ruling 2036/2026
Islamabad, January 19, 2026 – The Federal Board of Revenue (FBR) has notified revised customs values for imported ammunition to be used for assessment of duty and taxes at the import stage. The new values have been issued through Valuation Ruling No. 2036/2026, notified by the Directorate General of Customs Valuation, Karachi
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