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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Stay updated on taxation news, tax laws, FBR policies, compliance, audits, income tax, sales tax, and fiscal developments in Pakistan.
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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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Automotive Sector Dominates Customs Duty Relief in FBR Report
Karachi, April 2, 2025 – The Federal Board of Revenue (FBR) has released its latest report, revealing that the automotive sector, particularly Original Equipment Manufacturers (OEMs), leads in availing customs duty relief.
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How Much Tax Do You Pay for Property Transactions in Karachi?
Karachi, April 1, 2025 – Property transactions in Karachi are subject to various tax regulations, making the process intricate for buyers and sellers alike.
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FBR Sets New Record with Surge in Active Taxpayers List
Karachi, April 1, 2025 – The Federal Board of Revenue (FBR) has achieved an unprecedented milestone by recording the highest-ever number of Active Taxpayers in Pakistan’s history.
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FBR Must Collect Rs 1.50 Trillion Monthly to Meet FY25 Target
Islamabad, March 30, 2025 – The Federal Board of Revenue (FBR) must achieve a monthly tax collection of Rs 1.50 trillion during the last quarter (April – June) to successfully meet its annual fiscal year 2024-25 target.
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Exporters Under FBR Lens Following Decline in Tax Collection
Karachi, March 29, 2025 – The Federal Board of Revenue (FBR) has initiated a thorough audit of exporters following a notable decline in income tax collection for February 2025.
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FBR Establishes Directorate for Special Customs Initiatives
Islamabad, March 28, 2025 – In a strategic move to strengthen revenue collection and combat illicit trade practices, the Federal Board of Revenue (FBR) has officially established the Directorate General of Special Initiatives – Customs.
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FBR Reports 503% Surge in CGT Collection in February 2025
Karachi, March 28, 2025 – The Federal Board of Revenue (FBR) has reported a remarkable 503% surge in capital gain tax (CGT) collection on a year-on-year (YoY) basis for February 2025, reflecting an unprecedented rise in market activity and investor participation.
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