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.
Karachi, January 20, 2026 – The Federal Board of Revenue (FBR) has reported an extraordinary rise in Capital Gains Tax (CGT) collection, posting nearly a five-fold increase during the first half (July–December) of the ongoing fiscal year 2025–26, driven by an unprecedented boom in the Pakistan Stock Exchange (PSX).
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The Sales Tax Rules, 2006 (updated for tax year 2026) lay down a detailed legal mechanism for the Federal Board of Revenue (FBR) to recover defaulted sales tax through attachment and sale of immovable property. These rules aim to ensure transparency, due process, and protection of rights for defaulters, purchasers, and other affected parties.
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Karachi, January 20, 2026 – The Large Taxpayers Office (LTO) Karachi has surpassed all previous records by collecting an unprecedented Rs1.70 trillion in the first half of fiscal year 2025-26 (July–December), marking a 9% growth over Rs1.56 trillion collected during the same period last year. As the largest revenue-generating arm of the Federal Board of […]
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Islamabad, January 19, 2026 – The Federal Board of Revenue (FBR) has notified revised customs values for imported ammunition to be used for assessment of duty and taxes at the import stage. The new values have been issued through Valuation Ruling No. 2036/2026, notified by the Directorate General of Customs Valuation, Karachi
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Islamabad, January 19, 2026 – The Federal Board of Revenue (FBR) has issued new customs values for the assessment of duty and taxes on the import of old and used mobile phones, including popular models from Apple, Samsung, Google Pixel and OnePlus.
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Updated under Sales Tax Rules, 2006 (Tax Year 2026) The Sales Tax Rules, 2006, as updated for tax year 2026, prescribe a comprehensive legal framework for the attachment and sale of movable property of sales tax defaulters by officials of the Federal Board of Revenue (FBR). These rules ensure due process, proportionality, and transparency in […]
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Islamabad, January 18, 2026 – The Federal Board of Revenue (FBR) is set to decide on revised property valuation tables for District Islamabad by the end of January 2026, following objections raised by real estate stakeholders over discrepancies in assessed values.
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Lahore: The Chairman of Sindh Revenue Board (SRB), Dr. Wasif Memon, visited the Punjab Revenue Authority (PRA) headquarters for high-level talks on enhancing tax administration and implementing sales tax on services across provinces.
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Karachi, January 17, 2026 — Pakistan Customs officials at Jinnah International Airport (JIAP), Karachi, successfully intercepted two separate attempts to smuggle gold and undeclared foreign currency through the International Departures terminal.
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Islamabad, January 17, 2026 — The Inland Revenue Service Officers Association (IRSOA) has expressed serious concern over efforts to register a First Information Report (FIR) against a serving Inland Revenue Commissioner over allegations of using threatening language toward a lawyer.
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