The Punjab Revenue Authority (PRA) has reported a remarkable tax collection of over Rs220 billion during the first eight months of the current fiscal year (8MFY26), marking a significant increase compared to the same period last year.
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Pakistan Revenue delivers the latest taxation news, covering income tax, sales tax, and customs duty. Stay updated with insights on tax policies, regulations, and financial developments in Pakistan.
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FBR assures IMF of meeting FY26 tax target with new plan
Islamabad, March 6, 2026 – The Federal Board of Revenue (FBR) has shared a detailed revenue collection strategy with the International Monetary Fund (IMF), expressing confidence that Pakistan will achieve its revised tax target for the fiscal year 2025–26 despite a significant shortfall in collections so far.
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Can FBR stop a tax defaulter from leaving Pakistan? explained
The Federal Board of Revenue (FBR) has the legal authority to stop a person from leaving the country if they have outstanding tax liabilities or are suspected of trying to evade payment by permanently departing Pakistan. This authority is granted under Section 145 of the Income Tax Ordinance, 2001 and Rule 70 of the Income Tax Rules, 2002.
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FBR launches national cargo tracking system and e-Bilty mechanism
Islamabad: The Federal Board of Revenue (FBR) on Thursday initiated the design phase of a National Cargo Tracking System (CTS) along with an integrated e-Bilty mechanism, marking a significant step toward digitizing cargo monitoring, improving tax compliance, and curbing smuggling across Pakistan.
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FBR extends income tax concession on sugar imports
Islamabad, March 5, 2026: The Federal Board of Revenue (FBR) on Thursday announced the extension of the income tax concession on the import of white crystalline sugar until February 28, 2026. The move aims to stabilize domestic sugar prices and support local market supply.
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Government to amend FBR Act to empower independent Tax Policy Office: Aurangzeb
Islamabad: Finance Minister Muhammad Aurangzeb on Wednesday announced that the government plans to amend the Federal Board of Revenue Act 2007 through the upcoming Finance Act 2026 to shift tax policy responsibilities from the Federal Board of Revenue (FBR) to a newly established Tax Policy Office under the Ministry of Finance.
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FBR issues Rs19 billion tax demand against UBL for past years
Karachi, March 4, 2026 – The Federal Board of Revenue (FBR) has issued a tax demand of Rs19 billion against United Bank Limited (UBL), covering income tax and federal excise duty (FED) for past years up to the tax year 2025.
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How FBR determines valuation of concealed assets under Rule 228
The Federal Board of Revenue (FBR) has the authority to value assets discovered as undeclared or concealed by taxpayers under Rule 228 of the Income Tax Rules, 2002, amended up to November 24, 2023. This rule empowers tax authorities to determine the fair market value of assets to ensure correct taxation under the Income Tax Ordinance, 2001.
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FBR agrees to relax super tax payment schedule until June 30: sources
Islamabad, March 3, 2026 — The Federal Board of Revenue (FBR) has agreed to provide relief in the payment of super tax by allowing installments until June 30, 2026, according to industry sources.
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FBR officers directed to explain assets of past 10 years, disclose sources of income
Islamabad, March 2, 2026 – The Establishment Division has directed all officers of the Federal Board of Revenue (FBR) to submit complete declarations of their assets and liabilities for the past ten years, in a major move aimed at strengthening transparency, accountability, and compliance with statutory rules governing government servants.
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