Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial has issued key directives to address long-standing tax and operational challenges faced by Karachi’s business community during his visit to the Karachi Chamber of Commerce and Industry (KCCI) on March 26, 2026.
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Stay updated on taxation news, tax laws, FBR policies, compliance, audits, income tax, sales tax, and fiscal developments in Pakistan.
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FBR imposes major penalty on intelligence officer in tobacco tax case
Islamabad, March 26, 2026: The Federal Board of Revenue (FBR) has imposed a major penalty on an Inland Revenue intelligence officer following the conclusion of disciplinary proceedings in a high-profile raw tobacco tax case.
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FBR expands border infrastructure at Pakistan-Iran crossing
Islamabad – The Federal Board of Revenue (FBR) has established a new customs station at the Pakistan-Iran border to streamline the handling of personal baggage for passengers entering the country from Iran. The move is aimed at improving border management and ensuring smoother processing for travelers.
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Pakistan may generate Rs15 billion by taxing digital platforms: ICMAP
Karachi, March 26, 2026 – The Institute of Cost and Management Accountants of Pakistan has projected that Pakistan could generate around Rs15 billion annually by imposing a tax on digital platforms in the upcoming budget 2026–27.
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LTO Islamabad delegates powers to speed up tax assessments
Islamabad, March 26, 2026 – The Large Taxpayers Office Islamabad (LTO Islamabad) has delegated key powers to Inland Revenue (IR) officers to accelerate the assessment and processing of taxpayer cases, aiming to improve efficiency and reduce delays in tax administration.
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Pakistan stock brokers seek CGT exemption after 3 years
Karachi – The Pakistan Stock Brokers Association (PSBA) has proposed a major tax relief for investors, calling for a complete exemption from Capital Gains Tax (CGT) on securities held for more than three years in its budget proposals for 2026–27.
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IHC clarifies tax treatment on property sale gains in Pakistan
The Islamabad High Court (IHC) has ruled that gains arising from the disposal of immovable property are taxable only under Section 37(1A) of the Income Tax Ordinance, 2001, regardless of whether the taxpayer is engaged in real estate business activities.
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ICMAP suggests 2% tax on high-value additional properties
Karachi, March 25, 2026 – The Institute of Cost and Management Accountants of Pakistan (ICMAP) has proposed the introduction of an additional residential property tax in the upcoming federal budget 2026-27, aiming to address imbalances in Pakistan’s housing market.
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Pakistan Customs Mega Auction: Cars, SUVs, Trucks Up for Grabs
Peshawar, March 24, 2026 – Pakistan Customs has announced a large-scale mega auction of vehicles scheduled to be held on March 25, 2026, across multiple warehouses, including SWH Godown-E Peshawar and other regional stations. The auction will be conducted on an “AS IS WHERE IS BASIS,” meaning vehicles will be sold in their current condition without any warranty or guarantee.
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ICMAP pushes luxury taxes and farmer incentives for Budget 2026–27
Karachi, March 20, 2026 – The Institute of Cost and Management Accountants of Pakistan (ICMAP) has submitted a comprehensive set of revenue proposals to the Ministry of Finance for consideration in the upcoming Federal Budget 2026–27, aimed at broadening the tax base, documenting informal sectors, and generating sustainable revenue.
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