Pakistan Revenue
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.
Islamabad, March 26, 2026 – The Large Taxpayers Office Islamabad (LTO Islamabad) has delegated key powers to Inland Revenue (IR) officers to accelerate the assessment and processing of taxpayer cases, aiming to improve efficiency and reduce delays in tax administration.
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Karachi – The Pakistan Stock Brokers Association (PSBA) has proposed a major tax relief for investors, calling for a complete exemption from Capital Gains Tax (CGT) on securities held for more than three years in its budget proposals for 2026–27.
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The Islamabad High Court (IHC) has ruled that gains arising from the disposal of immovable property are taxable only under Section 37(1A) of the Income Tax Ordinance, 2001, regardless of whether the taxpayer is engaged in real estate business activities.
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Karachi, March 25, 2026 – The Institute of Cost and Management Accountants of Pakistan (ICMAP) has proposed the introduction of an additional residential property tax in the upcoming federal budget 2026-27, aiming to address imbalances in Pakistan’s housing market.
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Peshawar, March 24, 2026 – Pakistan Customs has announced a large-scale mega auction of vehicles scheduled to be held on March 25, 2026, across multiple warehouses, including SWH Godown-E Peshawar and other regional stations. The auction will be conducted on an “AS IS WHERE IS BASIS,” meaning vehicles will be sold in their current condition […]
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Karachi, March 20, 2026 – The Institute of Cost and Management Accountants of Pakistan (ICMAP) has submitted a comprehensive set of revenue proposals to the Ministry of Finance for consideration in the upcoming Federal Budget 2026–27, aimed at broadening the tax base, documenting informal sectors, and generating sustainable revenue.
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Karachi, March 19, 2026 – The Federal Board of Revenue has issued SRO 527(I)/2026, extending the sales tax exemption and concessional rates on the import of white crystalline sugar in a move aimed at stabilizing domestic prices and ensuring adequate supply in the market.
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Islamabad, March 19, 2026 – The Federal Board of Revenue (FBR) has amended the International Transshipment Rules through SRO 517(I)/2026, introducing stricter regulations for the movement of transshipment cargo. The updated rules aim to enhance accountability, prevent pilferage, and ensure proper payment of duties and taxes.
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Karachi, March 19, 2026 – The Federal Board of Revenue (FBR) has announced new relief measures under the Export Facilitation Scheme (EFS), aiming to ease compliance and improve liquidity for exporters, trade, and industry.
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Karachi, March 18, 2026 – The Federal Board of Revenue (FBR) has granted a special storage facility to DP World at Port Qasim to handle international transshipment cargo, citing the ongoing crisis linked to the Iran war and heightened tensions in the Gulf region.
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