ISLAMABAD – In a landmark recommendation, the World Bank has urged Pakistan to fully phase out regulatory duties (RDs) and Additional Customs Duties (ACDs), as part of a comprehensive tariff reform agenda aimed at reviving the country’s struggling export sector.
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Stay updated on taxation news, tax laws, FBR policies, compliance, audits, income tax, sales tax, and fiscal developments in Pakistan.
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Luxury car owners panic as FBR plans tax hike in FY26 budget
ISLAMABAD, May 28, 2025 — In a bold and controversial move, the Federal Board of Revenue (FBR) is gearing up to slap luxury cars with significantly higher withholding taxes in the upcoming FY26 federal budget — a decision that could shake Pakistan’s elite automotive market.
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WHO warns Pakistan: raise tobacco tax or face disaster
Islamabad, May 27, 2025 – In a powerful and urgent appeal, the World Health Organization (WHO) has issued a dire warning to Pakistan: raise tobacco tax now or brace for even more staggering human and economic losses.
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FBR notifies CCF rules to strengthen anti-smuggling operations
Islamabad, May 27, 2025 – In a major development aimed at bolstering anti-smuggling efforts, the Federal Board of Revenue (FBR) has officially notified the Customs Command Fund (CCF) Rules, 2025 to formalize and regulate the operational expenditures of Customs enforcement agencies.
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Experts urge reduce GST to 5% to boost Pakistan’s dairy sector
Islamabad, May 27, 2025 – Leading experts, industry stakeholders, and government representatives have strongly recommended reverting the General Sales Tax (GST) on packaged milk from the current 18% back to 5% to boost dairy sector.
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SAI submits comprehensive tax proposals for budget 2025-26
Karachi, May 27, 2025 – The Site Association of Industry (SAI) has submitted detailed tax proposals for the upcoming Federal Budget 2025–26, calling for sweeping reforms to support industrial growth, broaden the tax base, and promote export competitiveness.
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Experts explode over salary tax: gross deductions outrage
Karachi, May 27, 2025 – A storm is brewing in the tax landscape as experts sound the alarm over what they describe as an unjust policy of taxing salary on the gross amount—not the net take-home pay—causing financial strain across Pakistan’s salaried class.
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Car buying bonanza delivers 144% tax collection boost in 10MFY25
KARACHI, May 27, 2025 — The tax authorities in Karachi have reported a stunning 144% increase in tax collection from new car purchases during the first ten months (July–April) of fiscal year 2024–25, driven by a sharp rise in the sale of high-end vehicles across Pakistan.
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ICAP battles brutal inflation with bold salary tax plan
KARACHI, May 27, 2025 — In a bold and potentially game-changing proposal ahead of the 2025-26 federal budget, the Institute of Chartered Accountants of Pakistan (ICAP) has roared into the spotlight by demanding immediate and sweeping relief for Pakistan’s long-suffering salaried class.
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ICAP seeks end to withholding tax for listed companies
Karachi, May 26, 2025 – The Institute of Chartered Accountants of Pakistan (ICAP) has put forward a significant reform proposal in its recommendations for the Federal Budget 2025-26.
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