The federal government has unveiled a new fixed tax scheme for small traders and retailers as part of its broader strategy to expand the tax net and increase revenue collection. Finance Minister Muhammad Aurangzeb announced the initiative during a joint press conference with Minister of State for Finance Bilal Azhar Kayani in Islamabad.
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PM Shehbaz directs pilot launch of AI-driven tax system in Islamabad
Pilot project aims to create a faceless, AI-powered tax administration system to enhance transparency, compliance and revenue collection
Prime Minister Shehbaz Sharif on Thursday directed authorities to launch a pilot phase of an Artificial Intelligence (AI)-driven automated tax system in Islamabad as part of the government’s efforts to modernise tax administration, improve compliance and strengthen revenue collection.
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Expected tax regime for cryptocurrency in FY2026–27 budget
Government weighs capital gains, transaction and holdings-based taxation as digital assets move toward formal regulatory framework
ISLAMABAD, June 4, 2026 — Pakistan is preparing to introduce a formal tax and regulatory framework for cryptocurrency transactions as part of the federal budget 2026–27, in what would mark one of the country’s first structured attempts to bring digital assets into the tax net.
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FBR clears Lahore Customs inspector in corruption case
FBR converts proposed major penalty into minor disciplinary action, reinstates officer with conditions
ISLAMABAD, June 4, 2026 — The Federal Board of Revenue (FBR) has cleared a Pakistan Customs inspector posted in Lahore in a corruption-related disciplinary case, converting a previously recommended major penalty into a minor punishment after departmental review.
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ICAP urges review of extra tax collection through electricity and gas bills
Chartered accountants call for reforms in utility tax collection system, citing misclassification and compliance issues in FY2026-27 proposals
ISLAMABAD, June 4, 2026 — The Institute of Chartered Accountants of Pakistan (ICAP) has urged the government to review the mechanism for collecting additional sales tax through electricity and gas bills, arguing that the current system is creating undue tax burdens for registered and exempt entities.
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ICAP proposes new tax regime to attract foreign investment in Pakistan
Chartered accountants propose 10-year tax stability and incentives for export-oriented foreign investors in FY2026-27 budget
The institute recommended the creation of a separate tax schedule specifically designed for foreign direct investment in export-led manufacturing sectors. Under the proposed framework, qualifying investors would receive a package of tax incentives, legal protections and clearly defined eligibility criteria aimed at encouraging long-term investment commitments.
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FBR declares ICTPL Karachi as new off-dock customs terminal
New 20-acre facility in Karachi to enhance cargo handling and customs clearance capacity for imports and exports
ISLAMABAD, June 4, 2026 — The Federal Board of Revenue (FBR) has declared M/s International Cargo Terminal Pakistan (Pvt) Ltd. (ICTPL), Karachi, as an off-dock customs terminal for the clearance of import and export consignments, a move aimed at strengthening logistics infrastructure and facilitating trade operations.
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FBR launches electronic monitoring of beverage production across Pakistan
Beverage manufacturers directed to install real-time production monitoring systems by June 30, 2026
ISLAMABAD, June 4, 2026 — The Federal Board of Revenue (FBR) has launched an electronic production monitoring regime for manufacturers of aerated waters and beverages across Pakistan, requiring all registered producers to install the prescribed monitoring infrastructure by June 30, 2026.
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Electric vehicle dream faces major setback as tax holiday nears end
Proposed end of EV tax incentives and higher levies on hybrids raise concerns over market slowdown
Pakistan’s push toward cleaner transport could face a setback as the government considers ending tax concessions on electric vehicles in the Budget 2026-27, potentially raising costs for consumers and slowing industry growth, according to sources.
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Education costs set to rise as 18% sales tax on stationery proposed
Proposal to shift stationery items to standard tax rate sparks concern over affordability and inflation pressures
Millions of Pakistani families could face higher education-related expenses as the government considers increasing sales tax on stationery items from the current reduced rate of 10% to 18% in the upcoming Budget 2026-27, according to sources.
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