KARACHI, April 22, 2026 — The Federal Board of Revenue (FBR) has notified revised customs values for old and used imported mobile phones, aiming to align duty assessment with prevailing international market trends and address stakeholder concerns.
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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 capital gains tax surges over Rs100 billion in 9MFY26 on PSX rally
KARACHI, April 21, 2026 — The Federal Board of Revenue (FBR) has recorded a sharp increase in revenue from capital gains tax during the first nine months of fiscal year 2025–26, driven by strong trading activity at the Pakistan Stock Exchange.
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FBR reports 22% drop in profit-on-debt tax collection amid rate cuts
ISLAMABAD, April 21, 2026 — The Federal Board of Revenue (FBR) has reported a sharp decline in revenue from profit-on-debt, reflecting the impact of sustained monetary easing over the past two years.
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FBR revises import values for polyester yarn amid war crisis
KARACHI, April 21, 2026 — Pakistan’s Federal Board of Revenue (FBR) has revised customs values for polyester filament yarn, citing rising international prices driven by geopolitical tensions and supply chain disruptions linked to ongoing global conflicts.
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Punjab Assembly halts revised agricultural income tax rates
LAHORE — The Punjab Assembly has declared recent government notifications revising agricultural income tax rates unlawful, ordering an immediate suspension of their enforcement, assessments and collections.
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OICCI proposes 5% cap on withholding tax, urges major tax reform
KARACHI, April 20, 2026 — The Overseas Investors Chambers of Commerce and Industry (OICCI) has recommended that Pakistan cap withholding tax rates at a maximum of 5%, arguing that such taxes should be used primarily to broaden the tax base rather than generate direct revenue.
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LTO Karachi posts record Rs2.58 trillion tax collection in 9MFY26
KARACHI, April 20, 2026- The Large Taxpayers Office (LTO) Karachi reported record tax collection of Rs2.58 trillion in the first nine months of fiscal year 2025-26, marking a 10% increase compared with the same period last year, official data showed on Monday.
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Business council urges FBR to withdraw super tax surcharge notices
KARACHI – The Pakistan Business Council (PBC) has urged the Federal Board of Revenue (FBR) to withdraw what it described as “illegal” notices for the recovery of default surcharge on super tax, warning that the move could undermine business confidence and economic stability.
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Pakistan tax audit recoveries jump 110% in FY25, FBR says
ISLAMABAD, April 20 — Income tax recoveries through audit proceedings in Pakistan surged by 110% in fiscal year 2024-25, reflecting improved enforcement and audit efficiency, the Federal Board of Revenue said in its annual report.
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FBR suspends top customs officials in high-profile silver swap scandal
ISLAMABAD, April 19 — Pakistan’s Federal Board of Revenue (FBR) has suspended several senior customs officials following fresh findings in a high-profile case involving the alleged swapping of seized silver bullion with lead, officials said on Sunday.
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