Karachi, March 28, 2025 – The Directorate General of Customs Valuation, Government of Pakistan, has issued a new Valuation Ruling No. 1986/2025, revising the customs values for manicure and pedicure sets under Section 25A of the Customs Act, 1969.
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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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IR Commissioner Faces Major Penalty for Corruption, Misconduct
Islamabad, March 28, 2025 – The Federal Board of Revenue (FBR) has taken decisive action against Commissioner Inland Revenue (IR) Zahid Mahmood, a BS-19 officer, after an inquiry confirmed his involvement in misconduct and corruption.
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Pakistan Revises Customs Valuation for Lead-Acid Batteries
KARACHI, March 28, 2025 – The Government of Pakistan has revised the customs valuation for lead-acid batteries, bringing changes to the import assessment process.
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FBR Transfers Most Senior Customs Officers to STRAW
Islamabad – The Federal Board of Revenue (FBR) has officially transferred several senior officers of Pakistan Customs Service (PCS) to the newly established Strategic Tariff and Revenue Analysis Wing (STRAW) as part of its restructuring efforts.
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SBP Directs Banks to Facilitate Taxpayers With Extra Hours
Karachi, March 27, 2025 – The State Bank of Pakistan (SBP) has instructed all commercial banks to extend their working hours on March 29, 2025, to facilitate taxpayers in making duty and tax payments efficiently.
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Unresolved System Errors Stall Sales Tax Return Process
Karachi, March 27, 2025 – Taxpayers across Pakistan continue to face difficulties in filing their sales tax returns as persistent technical glitches on the IRIS portal of the Federal Board of Revenue (FBR) remain unresolved, despite an extended deadline.
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Customs Officer Awarded Major Penalty for Private Business
The Federal Board of Revenue (FBR) has taken strict disciplinary action against Raja Jahanzeb Wahid, a Superintendent (BS-16) at the Collectorate of Customs Appraisement, Port Muhammad Bin Qasim (PMBQ), Karachi.
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Telecom Industry Seeks Tax Incentives in Budget 2025-26
Islamabad, March 27, 2025 – The telecom sector in Pakistan is calling for significant tax reforms and policy relief in the upcoming federal budget for the fiscal year 2025-26.
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Pakistan Revises Customs Valuation for Iron and Steel Kitchenware
Islamabad, March 26, 2025 – The Government of Pakistan has announced a revised customs valuation for iron and steel kitchenware and utensils, updating previous rulings to reflect current market conditions.
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PM Shehbaz Restores Tax Rebates for Teachers and Researchers
Islamabad, March 26, 2025 – Prime Minister Shehbaz Sharif has reinstated tax rebates for teachers and researchers by approving amendments to the Income Tax Ordinance, 2001.
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