Karachi, October 28, 2025 – In a dramatic last-minute twist, the Federal Board of Revenue (FBR) has rolled out yet another modification to the income tax return form for tax year 2025, catching taxpayers and tax consultants completely off guard — just three days before the extended filing deadline.
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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.
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Pakistan Customs Foils Major Drug Smuggling at Karachi Airport
Karachi, October 28, 2025 – In a major anti-narcotics operation, Pakistan Customs successfully foiled two high-profile smuggling attempts at Karachi International Airport, seizing narcotics worth over Rs114 million in total.
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KTBA Warns: IRIS Glitch Blocks 2025 Tax Return Extensions
Karachi, October 28, 2025 – The Karachi Tax Bar Association (KTBA) has raised alarm over a critical glitch on the Federal Board of Revenue’s (FBR) IRIS portal, which is preventing taxpayers from applying for the 2025 income tax return filing extension—just days before the October 31 deadline.
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Capital gain tax skyrockets 559% in 1QFY26 as PSX hits record highs
Karachi, October 27, 2025 – Pakistan’s roaring stock market rally has sent tax revenues soaring, with Capital Gain Tax (CGT) collection jumping by an astonishing 559% in the first quarter (July–September) of FY2025–26, according to official data.
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Pakistan Customs to Auction Dozens of Land Rover Vehicles
Islamabad, October 27, 2025 – Pakistan Customs has announced a major public auction featuring a large number of luxury Land Rover vehicles scheduled for October 30, 2025, at the Silk Route Dry Port, Sost (Collectorate of Customs Gilgit Baltistan).
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FBR makes unique identification marking (UIM) mandatory for cement monitoring
Islamabad, October 27, 2025 – The Federal Board of Revenue (FBR) has announced mandatory implementation of Unique Identification Marking (UIM) on cement products as part of its electronic monitoring under the Track and Trace System.
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Are set off of losses against income allowed in Pakistan tax laws?
The Federal Board of Revenue (FBR) allows taxpayers in Pakistan to adjust certain losses against income under specific conditions, as provided in the Income Tax Ordinance, 2001.
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FBR fails to issue 2025 manual tax return form
Islamabad, October 26, 2025 – The Federal Board of Revenue (FBR) has not yet issued the manual income tax return form for the tax year 2025, even after extending the filing deadline twice.
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FBR Explains Property Valuation Table for Karachi: Key Points You Should Know
Karachi, October 25, 2025 — The Federal Board of Revenue (FBR) has issued a detailed explanation regarding the property valuation table for immovable properties in Karachi, implemented through a statutory regulatory order (SRO) issued in October 2024.
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FBR issues update on customs clearance at Pakistan-Afghanistan border
Islamabad, October 24, 2025 — The Federal Board of Revenue (FBR) has issued an update regarding customs clearance operations at the Pakistan-Afghanistan border, confirming a temporary suspension of bilateral trade due to security concerns.
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