Islamabad, December 8, 2025 – Pakistan’s tax-to-GDP ratio is projected to reach 11% in the current fiscal year (FY26), Finance and Revenue Minister Muhammad Aurangzeb announced on Monday.
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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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Return filers traumatized by compliance messages, FBR issues clarification
Islamabad, December 8, 2025 – A wave of confusion spread among return filers on Monday after many taxpayers unexpectedly received SMS reminders urging them to file their income tax returns for Tax Year 2025, despite having already filed before the deadline.
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Pakistan Customs foils attempt to smuggle nearly 49,000 liters of diesel
Karachi, December 8, 2025 – The Pakistan Customs on Monday announced the successful interception of a major attempt to smuggle a large quantity of diesel along the country’s coastline. The operation was carried out by the Marine Unit of the Enforcement Collectorate, Karachi, highlighting the authorities’ commitment to curbing fuel smuggling and protecting national revenue.
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Karachi Customs seizes smuggled mobile phones, tampered Prado worth Rs96 million
Karachi, December 7, 2025 – In a major crackdown on smuggling, the Collectorate of Customs Enforcement Karachi has seized 564 high-end smuggled mobile phones along with a tampered Toyota Land Cruiser Prado, valued at a total of Rs96 million. The operation took place near the Karachi–Hyderabad Toll Plaza and was conducted based on precise intelligence.
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FBR issues first-ever customs valuation ruling for aromatic chemicals: VR 2029
Karachi, December 7, 2025 – The Federal Board of Revenue (FBR) has, for the first time, introduced fixed customs values for a range of aromatic chemicals to standardize the assessment of duties and taxes at the import stage.
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Punjab Launches Mega Operations Against Widespread Tax Evasion
Lahore, December 7, 2025 – The Punjab Revenue Authority (PRA) has initiated large-scale operations across the province to curb tax evasion and enforce strict compliance among commercial entities.
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FBR Expands Tax Net, Integrates Over 10,800 Tier-1 Retailers into POS System
Islamabad, December 2025 – The Federal Board of Revenue (FBR) has successfully integrated 10,858 Tier-1 retailers into its Point of Sales (POS) system, strengthening documentation of transactions for major retailers, particularly in the hotel and restaurant sector.
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FBR Cuts Customs Values of Imported Silicon by Up to 32%
Karachi, December 5, 2025 – The Federal Board of Revenue (FBR) has announced a significant reduction in the customs values of imported silicon in primary form, lowering rates by up to 32% for the calculation of duties and taxes. The move aims to streamline import assessments and provide relief to businesses importing silicon.
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Tax Treatment of Deceased Individuals for Tax Year 2026: What Section 87 Explains
As Pakistan enters tax year 2026 (July 1, 2025 to June 30, 2026), taxpayers and families handling estates are asking a key question: How does the tax law treat individuals who pass away during the tax year?
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Mehmood Bikiya elected president of Karachi Tax Bar Association for 2025-26
Karachi, December 4, 2025 – The Karachi Tax Bar Association (KTBA) has elected Mehmood Bikiya as its president for the 2025-26 term, following the 69th Annual General Meeting held on Thursday.
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