Islamabad, December 1, 2025 – The Federal Board of Revenue (FBR) has announced significant administrative changes and assigned additional charges to numerous senior Inland Revenue Service (IRS) officers, signaling a renewed focus on tax collection and enforcement. The most prominent change sees Dr. Hamid Ateeq Sarwar given the highly critical responsibility of Member (IR-Operations), FBR.
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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.
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FBR to set asset costs for tax year 2026 under Income Tax Ordinance
Karachi, December 1, 2025 – The Federal Board of Revenue (FBR) has announced that it will determine the cost of assets for tax purposes during the tax year 2026, in accordance with the Income Tax Ordinance, 2001. This move is aimed at providing clarity for taxpayers and businesses regarding asset valuation for taxation.
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I&I IR Peshawar seizes illicit cigarettes, seals Indus Tobacco
Islamabad, November 30, 2025 – In a major enforcement operation, the Intelligence and Investigation (I&I) wing of Inland Revenue (IR) Peshawar has recovered a large consignment of illicit cigarettes and sealed the manufacturing machinery of M/s Indus Tobacco Company, continuing the Federal Board of Revenue’s (FBR) nationwide crackdown on non-duty-paid (NDP) tobacco products.
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FBR seals Souvenir Tobacco machinery over illicit cigarette production
Islamabad, November 30, 2025 – In a major crackdown against the illicit cigarette trade, the Federal Board of Revenue (FBR) has sealed the manufacturing machinery of M/s Souvenir Tobacco after discovering large quantities of non-duty-paid (NDP) and non–Track and Trace System (TTS) cigarettes.
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Pakistan faces deepening revenue crisis as FBR’s November shortfall doubles
ISLAMABAD, November 30, 2025 – Pakistan’s revenue collection crisis widened sharply in November 2025, with the Federal Board of Revenue (FBR) facing one of the largest monthly shortfalls of the fiscal year amid sluggish economic activity, industrial closures, and higher tax rates that continue to squeeze the formal sector.
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FTO orders FBR to suspend Gerry’s Dnata license over mega fraud
Islamabad, November 30, 2025 – In a major development, the Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to initiate the process for suspending the license of M/s Gerry’s Dnata for its Karachi airport cargo shed, following revelations of a massive customs fraud involving illegal clearance of high-value imported goods.
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Gadani Customs seizes Rs1 billion in smuggled goods within a week
Quetta, November 29, 2025 – The Collectorate of Customs Enforcement Gadani has intensified its anti-smuggling operations across the coastal belt and the RCD Highway, resulting in major seizures worth an estimated Rs1 billion over the past seven days.
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Karachi Tax Bar Pushes FBR to Unlock Wealth Statement Revisions
Karachi, November 29, 2025 – The Karachi Tax Bar Association (KTBA) has called on the Federal Board of Revenue (FBR) to enable taxpayers to revise their wealth statements on the online IRIS portal, highlighting a critical procedural gap affecting compliance.
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Pakistan Customs Extends Off-Dock Payment Timings Following KCAA Request
Karachi, November 28, 2025 – The Collectorate of Customs Appraisement (West) has extended payment counter timings at all Off-Dock Terminals until 9:00 PM, following a formal request from the Karachi Customs Agents Association (KCAA).
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FBR Warns: Penalties for Property Transactions Without Banking Channels in 2026
Islamabad, November 28, 2025 – If you are planning to buy property with cash payment or outside banking channels, the Federal Board of Revenue (FBR) has issued strict tax rules and penalties to ensure compliance. For the tax year 2026, property transactions conducted without proper banking or digital channels will remain illegal and subject to heavy fines.
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