Islamabad, May 17, 2025 – In a significant move aimed at easing the financial burden on Pakistan’s banking sector, the National Assembly has ratified the Income Tax (Amendment) Bill, 2024, which offers substantial tax relief for banks.
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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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Pakistan plans major tax regime overhaul for gold trade in budget
ISLAMABAD, May 17, 2025 – The Government of Pakistan is actively reviewing proposals to reshape the tax regime for gold transactions in the upcoming federal budget for the fiscal year 2025-26.
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No new taxes on tobacco crop, assures law minister
ISLAMABAD, May 17 — Federal Law Minister Azam Nazeer Tarar on Friday assured the National Assembly that no new regulations or taxes have been imposed on the tobacco sector, particularly on the crop or landowners in Khyber Pakhtunkhwa.
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FBR introduces new licensing rules for freight forwarders
Islamabad, May 16, 2025 -In a major regulatory move aimed at formalizing and streamlining Pakistan’s cargo and logistics sector, the Federal Board of Revenue (FBR) has issued a detailed framework for licensing freight forwarders across the country.
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RTO-1 Karachi locks down top car showroom over POS breach
Karachi, May 16, 2025 – The Regional Tax Office (RTO)-1 Karachi has sealed a car showroom for violating the mandatory Point of Sale (POS) integration requirements set by the Federal Board of Revenue (FBR).
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Pakistan caps customs duty at 15%, reduces duty slabs to four
Islamabad, May 16, 2025 – In a bold step towards comprehensive trade and economic reform, the Government of Pakistan has announced a sweeping overhaul of its Customs tariff structure by capping the maximum customs duty at 15% and reducing the number of duty slabs to four.
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OICCI proposes structural customs reforms to combat smuggling
Karachi, May 16, 2025 – The Overseas Investors Chamber of Commerce and Industry (OICCI) has called for wide-ranging customs reforms aimed at curbing smuggling and strengthening Pakistan’s trade integrity.
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FBR notifies tax stamp pricing for cement manufacturers
Islamabad, May 16, 2025 – The Federal Board of Revenue (FBR) has officially announced the tax stamp pricing for cement manufacturers under its Track and Trace System (TTS), marking another key step in enhancing tax compliance and digital monitoring within the cement sector.
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Pakistan may relax age limit on used cars import in budget 2025-26
Pakistan is reportedly considering a major policy shift by extending the age limit for the import of old and used cars from the current three years to five years.
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RTO-1 Karachi cracks multi-billion rupee fake invoice mafia ring
Karachi, May 15, 2025 – The Regional Tax Office-1 (RTO-1) Karachi has uncovered a major scam involving fake and flying invoices, exposing tax fraud worth billions of rupees.
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