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.
Under Section 19 of the Customs Act, 1969, as updated for tax year 2026, the Federal Government of Pakistan has wide-ranging powers to exempt goods from customs duties and to remit fines and penalties in exceptional circumstances.
Continue Reading
Pakistan’s trade agreements allow reduced customs duties and taxes on selected imports, helping promote trade and economic cooperation. These concessions are governed by Section 18C of the Customs Act, 1969, as updated for tax year 2026.
Continue Reading
Islamabad, January 23, 2026 – The Federal Board of Revenue (FBR) has announced plans to tackle tax evasion and revenue leakage in Pakistan’s iron and steel sector through real-time production monitoring.
Continue Reading
Islamabad, January 23, 2026 — The Federal Board of Revenue (FBR) has reported a sharp 21 percent decline in the collection of advance income tax on electricity consumption during the first half (July–December) of fiscal year 2025-26, compared to the same period last year, according to provisional data.
Continue Reading
Karachi, January 22, 2026 — Pakistan’s rising import bill during the first half (July–December) of fiscal year 2025-26 significantly boosted the Federal Board of Revenue’s (FBR) income tax collection at the import stage, which climbed to Rs245 billion, sources said on Friday.
Continue Reading
Karachi, January 22, 2026 – The Karachi Customs Agents Association (KCAA) has urged the Federal Board of Revenue (FBR) and government authorities to enhance customs infrastructure and increase staffing at Karachi’s sea ports to accelerate the clearance of import and export consignments.
Continue Reading
Islamabad, January 22, 2026 – The National Assembly on Thursday approved the Income Tax Ordinance (Third Amendment) Bill, 2025, a key piece of legislation aimed at improving the Alternative Dispute Resolution (ADR) system for resolving income tax disputes in Pakistan.
Continue Reading
To protect local industry and ensure fair competition, the Federal Government of Pakistan is empowered to impose Special Customs Duty (SCD) on certain imported goods. This authority is granted under Section 18A of the Customs Act, 1969, as updated for tax year 2026.
Continue Reading
For importers, exporters, and traders in Pakistan, understanding the definition of smuggling under the Customs Act, 1969 is crucial to avoid legal penalties, seizures, or prosecution.
Continue Reading
The Customs Act, 1969, as updated for tax year 2026, provides clear guidance on what constitutes “documents” for importers, exporters, and customs authorities in Pakistan.
Continue Reading