Karachi, April 6, 2025 – In a striking revelation, the Federal Board of Revenue (FBR) has disclosed that distributors of cigarette and pharmaceutical products received a staggering Rs14.53 billion in tax concessions during the last fiscal 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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UAE Launches Landmark Tax Reforms to Boost Investment
The UAE Ministry of Finance has introduced a series of transformative tax reforms aimed at spurring economic growth and attracting more investments into the region.
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Pakistan Updates Customs Valuation for Fresh Dates
KARACHI, April 5, 2025 — The Directorate General of Customs Valuation in Pakistan has issued a revised valuation ruling for imported dates, revising previously set customs values in light of new data and market assessments.
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Pakistan on Track to Achieve 10.6% Tax-to-GDP Ratio: Aurangzeb
Islamabad, April 5, 2025 – Finance Minister Muhammad Aurangzeb has announced that Pakistan is on course to achieve a tax-to-GDP ratio of 10.6% by the end of the current fiscal year, marking a major step forward in the country’s fiscal reform agenda.
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PTC Highlights TTS Failures in Tackling Illicit Tobacco Trade
Pakistan Tobacco Company (PTC) has expressed concerns that the implementation of the Track and Trace System (TTS) has not been effective in curbing the illicit trade of cigarettes as originally intended.
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KE Consumers Pay Rs 25 Billion Advance Tax in 8MFY25
Karachi, April 5, 2025 – K-Electric (KE) consumers have collectively paid a staggering Rs 25 billion as advance tax during the first eight months (July–February) of the current fiscal year 2024–25, marking a substantial increase in financial pressure amid rising energy costs.
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Pakistan Customs Revises Values for Old and Used Autoparts
Karachi, April 4, 2025 — Pakistan Customs has officially revised the customs values of old and used autoparts to align them with prevailing international market rates.
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Pakistan Issues Customs Values for Ammunition Imports
Karachi, April 4, 2025 – In a significant move to streamline import assessments, the Directorate General of Pakistan Customs has issued Valuation Ruling No. 1995 of 2025, establishing updated customs values for ammunition.
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How to Import Vehicles into Pakistan Under Various Schemes
The Federal Board of Revenue (FBR) has detailed the procedure for importing vehicles into Pakistan under various government schemes aimed at assisting overseas Pakistanis.
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Trump Ignites Potential Trade War Through Tariff Imposition
US President Donald Trump has ignited a potential global trade war by imposing sweeping 10 percent tariffs on imports from around the world, along with significantly higher levies on key trading partners.
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