Karachi, March 18, 2025 – The Medium Tax Office (MTO) Karachi has taken strict action against M/s. Hobnob, sealing three of its outlets for alleged sales tax fraud.
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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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Customs Issues Valuations for Ferro Manganese, Ferro Silicon
Karachi, August 12, 2025 – The Directorate General of Customs Valuation has issued a new Valuation Ruling No. 59/2025, revising the customs values of Ferro Manganese, Ferro Silicon, and Silico Manganese under Section 25A of the Customs Act, 1969.
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Presence of Illicit Cigarettes: A Failure of Authorities
The widespread availability of smuggled and illicit cigarettes in local markets highlights the failure of authorities responsible for curbing the illegal trade.
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Pakistan Revises Customs Valuation for Steel Wire, Wire Rod
Karachi, March 2025 – The Directorate General of Customs Valuation, Government of Pakistan, has issued new Valuation Rulings to revise the customs values of Non-Alloy Steel Wire and Iron or Non-Alloy Steel Wire Rod (Low/High Carbon).
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Pakistan Revises Customs Valuation for Imported Chocolates
Karachi, March 2025 – The Directorate General of Customs Valuation, Pakistan Customs, has issued a new Valuation Ruling for imported chocolates under the Customs Act, 1969.
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KTBA Appeals for Sales Tax Deadline Shift Amid IRIS Issues
Karachi, March 17, 2025 – The Karachi Tax Bar Association (KTBA) has formally urged the Federal Board of Revenue (FBR) to extend the deadline for filing monthly sales tax returns due to ongoing technical issues with the IRIS portal.
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Pakistan Tax Blueprint for the Remainder of FY25
Islamabad, March 17, 2025 – The government of Pakistan has revised its tax collection target for the fiscal year 2024-25, adjusting it from PKR 12.97 trillion to PKR 12.35 trillion following negotiations with the International Monetary Fund (IMF).
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Pakistan Curbs Cigarette Consumption Through Strict Tax Policies
Karachi, March 16, 2025 – Pakistan has successfully achieved a significant reduction in cigarette consumption by implementing stringent taxation policies, marking a crucial step in its public health efforts.
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Retailers Face Technical Glitches in FBR’s POS System
The Chainstore Association of Pakistan (CAP), the representative body of major retailers in the country, has raised serious concerns regarding the persistent technical and enforcement challenges faced by FBR-POS Integrated Tier-1 Retailers.
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FBR Deploys High-Tech Monitoring for Production Compliance
Islamabad, March 15, 2025 – The Federal Board of Revenue (FBR) has introduced stringent measures to enhance the monitoring of industrial production through advanced electronic surveillance. The latest amendments aim to bolster tax compliance and improve transparency in manufacturing activities across Pakistan.
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