Islamabad, May 22, 2025 – Parliamentary Secretary Sheikh Saad Waseem said on Wednesday that the government is prioritizing tax compliance and broadening the tax base instead of taking punitive actions like blocking mobile SIMs.
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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 seeks data on officials receiving both salary and pension
Islamabad, May 21, 2025 – The Federal Board of Revenue (FBR) has initiated a detailed investigation to identify federal officials who are simultaneously drawing a salary and pension.
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FBR cracks down on 72 Pakistanis’ foreign income, assets secrets
Karachi, May 21, 2025 – In a bold and dramatic move, the Federal Board of Revenue (FBR) has zeroed in on 72 ultra-wealthy and influential individuals, launching a high-stakes investigation into their foreign income and offshore assets.
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Banks advocate revisions in tax recovery from customer accounts
Karachi, May 21, 2025 – Banks in Pakistan have raised significant concerns regarding the existing framework for tax recovery enforced by the Federal Board of Revenue (FBR) on account holders.
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LTO Karachi amass record Rs2.56 trillion tax revenue in 10MFY25
Karachi, May 21, 2025 – The Large Taxpayers Office (LTO) Karachi has once again demonstrated its exceptional prowess in revenue mobilization by amassing an unprecedented Rs2.56 trillion in tax collections during the first ten months (July to April) of the fiscal year 2024-25.
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FBR boots corrupt officer over weapons, smuggling, luxury assets
ISLAMABAD, May 21, 2025 – In a shocking move that has rattled the corridors of Pakistan’s civil service, the Federal Board of Revenue (FBR) has officially dismissed Inspector Customs Syed Momin Hussain Shah from service, following a sensational corruption scandal involving illegal weapons, smuggling, and undeclared luxury assets worth Rs150 million.
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Tax credits likely to be restored in FY26 budget to boost investment
ISLAMABAD, May 21, 2025 – The federal government is working on several proposals to encourage investment and strengthen the corporate sector in the upcoming budget for fiscal year 2025-26. Among the key recommendations under serious consideration is the restoration of tax credits, which were previously available for investments in equity mutual funds and initial public offerings (IPOs).
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FY26 Budget: Govt plans to expand 25% sales tax on luxury items
ISLAMABAD, May 21, 2025 – In the upcoming federal budget for 2025-26, the government is preparing to expand the list of luxury items that will be subject to a higher sales tax rate of 25 percent. This move is aimed at generating more revenue and offsetting the expected losses from reduced customs and regulatory duties.
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MTO Karachi, ABAD discuss tax issues in construction sector
Karachi – In a significant move to address long-standing tax concerns within Pakistan’s construction sector, the Medium Taxpayers Office (MTO) Karachi and the Association of Builders and Developers of Pakistan (ABAD) held a comprehensive dialogue on Tuesday.
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Oil refineries applaud resolution of sales tax dispute
ISLAMABAD – The chief executive officers (CEOs) of Pakistan’s leading oil refineries expressed their appreciation to the federal government for resolving the long-standing sales tax issue that had been hampering growth and stability in the refining and oil marketing sectors.
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