Karachi, June 29, 2025 – The Finance Act, 2025 has brought a comprehensive revision to Section 82 of the Customs Act, 1969, significantly altering the procedure regarding goods that are not cleared, warehoused, transshipped, exported, or removed from port premises after their unloading or declaration.
(more…)Category: Budget
This is parent category of budgets presented by Pakistan government. Here you will find year-wise federal and provincial budgets.
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Finance Act 2025: Customs duty exempted for courier parcels
Karachi, June 29, 2025 – In a move aimed at facilitating small-scale imports and promoting ease of doing business, the federal government has introduced a key amendment to the Customs Act, 1969 through the recently passed Finance Act, 2025.
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New Customs Directorate granted Anti-Money Laundering powers
Islamabad, June 28, 2025 – In a significant development under the Finance Act, 2025, the federal government has announced the establishment of a new directorate under the Customs Act, 1969, aimed at strengthening anti-money laundering enforcement across Pakistan.
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Pakistan enforces climate support levy from July 1, 2025
Islamabad, June 28, 2025 — In a major step toward sustainable fiscal and environmental reforms, the government of Pakistan has officially enforced the Climate Support Levy from July 1, 2025.
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Anomalies committee chief raises alarm over FBR negligence
Karachi, June 28, 2025 – Ehsan Malik, Chairman of the Finance Bill 2025 Anomalies Committee (Business), has sounded the alarm over what he described as “unprecedented negligence” and “utter disrespect” shown by top Federal Board of Revenue (FBR) officials.
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Aurangzeb announces five honorariums for FY26 Budget staff
Islamabad, June 27, 2025 — Federal Minister for Finance and Revenue, Muhammad Aurangzeb, on Friday announced a special financial reward for government officials who contributed to the preparation and presentation of the fiscal year 2025–26 budget.
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WHO warns Pakistan’s FED freeze to boost cigarettes consumption
ISLAMABAD – The World Health Organization (WHO) has issued a stark warning following the Federal Cabinet’s decision to keep Federal Excise Duty (FED) rates on cigarettes unchanged in the 2025–26 federal budget.
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NA approves revised income tax regime for salaried persons
ISLAMABAD – In a landmark fiscal development, lawmakers have officially approved a new income tax structure specifically targeting salaried persons, aimed at creating a more progressive and equitable taxation framework.
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New customs tariff slabs to take effect from July 1, 2025
ISLAMABAD – In a sweeping overhaul of the import duty regime, the government has revised Customs laws through amended Finance Bill, 2025 to implement a revised structure of tariff slabs, effective from July 1, 2025. The move is part of a broader tariff rationalization plan aimed at streamlining import costs, encouraging trade, and aligning with global best practices.
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FBR committee to regulate property transactions under sales tax
ISLAMABAD – In a significant move to tighten tax compliance, the Federal Board of Revenue (FBR) will now form a dedicated committee to oversee property transactions involving individuals who are not registered under the Sales Tax Act, 1990. This committee will have the authority to recommend whether to impose or lift a bar on the transfer of immovable property in such cases.
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