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.
If you have concealed immovable property that is later detected by the Federal Board of Revenue (FBR), the tax authorities are legally empowered to determine its value under the Income Tax Rules, 2002, as amended up to November 24, 2023.
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Islamabad, February 4, 2026: In a significant conciliatory gesture toward the corporate sector, Chairman Federal Board of Revenue (FBR) Rashid Mahmood Langrial has announced that the revenue authority is prepared to recover super tax liabilities through installment-based mechanisms on a case-by-case basis, easing concerns over abrupt enforcement.
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Islamabad, February 4, 2026 – The Federal Board of Revenue (FBR) on Wednesday announced important amendments to the Customs Rules, 2001, introducing changes to the Export Facilitation Scheme (EFS) aimed at improving operational flexibility for exporters.
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Karachi, February 4, 2026 – The Federal Board of Revenue (FBR) on Wednesday introduced a detailed procedure for the auction of shipborne scrap, aiming to improve transparency and revenue collection at ports across Pakistan.
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Karachi, February 4, 2026 – The Federal Board of Revenue (FBR) has raised a tax demand of Rs188.9 million against Sazgar Engineering Works Limited, the company confirmed in its half-yearly financial statement submitted to the Pakistan Stock Exchange (PSX) on Wednesday.
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Islamabad, February 4, 2026 – The Federal Board of Revenue (FBR) has imposed a major penalty on a customs official after disciplinary proceedings established charges of unauthorized use of a Non-Customs Paid (NCP) vehicle and prolonged absence from duty.
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Islamabad, February 4, 2026 – The Government of Pakistan has announced December 2026 as the target date to implement major initiatives aimed at simplifying the country’s tax system.
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ISLAMABAD – The Federal Government has announced plans to fundamentally restructure the nation’s fiscal landscape by establishing an independent Tax Policy Office (TPO) under the Ministry of Finance. To facilitate this shift, the government will introduce a landmark bill to amend the Federal Board of Revenue (FBR) Act, 2007 before June 2026.
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Islamabad: The Federal Board of Revenue (FBR) has issued updated valuation tables for immovable commercial properties located in Blue Area, Islamabad, one of Pakistan’s most expensive and high-value commercial zones.
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Karachi, February 3, 2026 – The Large Taxpayers Office (LTO) Karachi has delegated tax assessment powers for BYD Pakistan to the Deputy Commissioner of Zone-II, strengthening oversight and transparency.
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