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Category: Taxation

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.

pakistan customs

FBR revises customs values for imported olives under VR 2045/2026

February 19, 2026February 19, 2026Faisal Shahnawaz

Karachi, February 19, 2026 — The Federal Board of Revenue (FBR) has revised the customs values of imported olives for the assessment of duties and taxes, issuing Valuation Ruling No. 2045/2026 through its Directorate General of Customs Valuation.

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Tax Budget

Soneri Bank battles FBR over multi-billion tax disputes

February 19, 2026February 19, 2026Faisal Shahnawaz

Karachi, February 19, 2026 – Soneri Bank Limited has revealed significant tax contingencies in its 2025 annual report submitted to the Pakistan Stock Exchange (PSX), highlighting ongoing disputes with the Federal Board of Revenue (FBR) that could involve billions of rupees in potential liabilities.

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Pakistan Petroleum Limited

Pakistan Petroleum in tax tug-of-war as FBR slaps multi-billion rupee notices

February 19, 2026February 19, 2026Shahnawaz Akhter

Karachi, February 19, 2026 – Pakistan Petroleum Limited (PPL) has disclosed that it is contesting tax demand notices worth billions of rupees issued by the Federal Board of Revenue (FBR), according to the company’s financial statements for the half year ended December 31, 2025.

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FBR White

FBR dividend tax collection soars 21% in first seven months

February 19, 2026February 19, 2026Shahnawaz Akhter

Islamabad, February 19, 2026 – The Federal Board of Revenue (FBR) has reported a 21% surge in income tax collection from dividends during the first seven months (July 2025–January 2026) of the current fiscal year (FY26) compared to the same period last year.

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FBR Pakistan Karachi

FBR rolls out mandatory online integration for retailers, hospitals, schools

February 18, 2026February 18, 2026Shahnawaz Akhter

Islamabad, February 18, 2026 – The Federal Board of Revenue (FBR) on Wednesday issued a comprehensive list of businesses that are mandatorily required to integrate their operations with the FBR’s online system, aiming to enhance documentation, transparency, and tax compliance across multiple sectors.

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FBR Image 01 New

FBR, NADRA launch secure electronic system for sharing citizens’ data

February 18, 2026February 18, 2026Shahnawaz Akhter

Islamabad, February 18, 2026 – The Federal Board of Revenue (FBR) and the National Database and Registration Authority (NADRA) have established a secure electronic module for sharing citizens’ information, aimed at improving data accessibility, transparency, and operational efficiency across government departments.

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imported cars

Pakistan customs to auction imported vehicles at KGTL Karachi on February 25, 2026

February 18, 2026February 18, 2026Faisal Shahnawaz

Karachi, February 18, 2026 – Pakistan Customs has announced a major public auction of imported and seized vehicles scheduled to be held on February 25, 2026, at the Auction Hall, Karachi Gateway Terminal Limited (KGTL), East Wharf, Karachi, according to the official auction catalogue.

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LTO Karachi

LTO Karachi breaks records, collects Rs2 trillion in seven months of FY26

February 18, 2026February 18, 2026Shahnawaz Akhter

Karachi, February 18, 2026 – The Large Taxpayers Unit (LTO) Karachi has achieved a historic milestone by collecting around Rs2 trillion in taxes during the first seven months (July to January) of the fiscal year 2025-26, official sources confirmed on Wednesday.

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KTBA Bar

KTBA calls for timeout on super tax recovery until detailed court verdict

February 17, 2026February 17, 2026Shahnawaz Akhter

Karachi, February 17, 2026 – The Karachi Tax Bar Association (KTBA) on Tuesday urged the Federal Board of Revenue (FBR) to immediately suspend recovery of super tax until the detailed judgment of the Federal Constitutional Court is formally issued.

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pakistan customs

FBR issues fresh customs values for spray dispensing components: VR 2043/2026

February 17, 2026February 17, 2026Shahnawaz Akhter

Karachi, February 17, 2026 — The Federal Board of Revenue (FBR) has issued fresh customs values for spray dispensing components to ensure accurate assessment of duties and taxes at the import stage.

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