📌 Overview: Why Section 26 Matters in 2026
The Customs Act, 1969, as updated for tax year 2026, significantly strengthens the authority of Pakistan Customs to access foreign trade declaration information.
(more…)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.

📌 Overview: Why Section 26 Matters in 2026
The Customs Act, 1969, as updated for tax year 2026, significantly strengthens the authority of Pakistan Customs to access foreign trade declaration information.
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Section 25C of the Customs Act, 1969, as updated for tax year 2026, grants Pakistan Customs extraordinary powers to take over imported goods when authorities believe that the declared customs value is understated.
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Understanding customs valuation in Pakistan is critical for importers, exporters, clearing agents, tax professionals, and businesses engaged in foreign trade. In 2026, customs values are determined under Section 25 of the Customs Act, 1969, as updated for the tax year 2026.
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Islamabad, January 23, 2026 – Federal Tax Ombudsman (FTO) Zafar-ul-Haq Hijazi on Friday announced a major facilitation measure for taxpayers, stating that the process of registering complaints against the Federal Board of Revenue (FBR) and fixing appeals has been reduced to just one day.
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The Federal Board of Revenue (FBR) has laid down a detailed legal framework for the re-importation of goods produced or manufactured in Pakistan under Section 22 of the Customs Act, 1969, as updated for tax year 2026.
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Under Section 19 of the Customs Act, 1969, as updated for tax year 2026, the Federal Government of Pakistan has wide-ranging powers to exempt goods from customs duties and to remit fines and penalties in exceptional circumstances.
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Pakistan’s trade agreements allow reduced customs duties and taxes on selected imports, helping promote trade and economic cooperation. These concessions are governed by Section 18C of the Customs Act, 1969, as updated for tax year 2026.
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Islamabad, January 23, 2026 – The Federal Board of Revenue (FBR) has announced plans to tackle tax evasion and revenue leakage in Pakistan’s iron and steel sector through real-time production monitoring.
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Islamabad, January 23, 2026 — The Federal Board of Revenue (FBR) has reported a sharp 21 percent decline in the collection of advance income tax on electricity consumption during the first half (July–December) of fiscal year 2025-26, compared to the same period last year, according to provisional data.
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Karachi, January 22, 2026 — Pakistan’s rising import bill during the first half (July–December) of fiscal year 2025-26 significantly boosted the Federal Board of Revenue’s (FBR) income tax collection at the import stage, which climbed to Rs245 billion, sources said on Friday.
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