Islamabad, March 9, 2026 – The Pakistan Customs has announced a public auction of seized vehicles scheduled to take place on March 12, 2026, in Islamabad, offering an opportunity for buyers to acquire a variety of imported and locally used vehicles.
(more…)Category: Taxation
Stay updated on taxation news, tax laws, FBR policies, compliance, audits, income tax, sales tax, and fiscal developments in Pakistan.
-
UBL launches 40% tax filing discount, disowns any losses to taxpayers
Karachi, March 9, 2026 – United Bank Limited (UBL) has announced a 40% discount on tax filing services through third-party providers but clarified that it does not assume any liability for taxpayers availing the offer, which is provided to celebrate Ramazan.
(more…) -
Bank Alfalah reports Rs2.84 billion tax contingencies for 2025
Karachi, March 9, 2026 – Bank Alfalah Limited has disclosed tax contingencies for the calendar year ended December 31, 2025, in its annual financial statements filed with the Pakistan Stock Exchange (PSX).
(more…) -
Supreme Court rules FIR illegal without determination of tax liability
ISLAMABAD: The Supreme Court of Pakistan has ruled that registering a First Information Report (FIR) or initiating criminal proceedings in tax-related matters is illegal if tax liability has not first been determined through proper assessment or adjudication under tax laws.
(more…) -
FBR introduces new SOPs for arrests in sales tax fraud cases
ISLAMABAD: The Federal Board of Revenue (FBR) has introduced a new Standard Operating Procedure (SOP) outlining the process for inquiries, investigations, prosecutions, and arrests in sales tax fraud cases under Section 37A of the Sales Tax Act 1990.
(more…) -
Punjab Revenue Authority collects over Rs220 billion in 8MFY26
The Punjab Revenue Authority (PRA) has reported a remarkable tax collection of over Rs220 billion during the first eight months of the current fiscal year (8MFY26), marking a significant increase compared to the same period last year.
(more…) -
FBR assures IMF of meeting FY26 tax target with new plan
Islamabad, March 6, 2026 – The Federal Board of Revenue (FBR) has shared a detailed revenue collection strategy with the International Monetary Fund (IMF), expressing confidence that Pakistan will achieve its revised tax target for the fiscal year 2025–26 despite a significant shortfall in collections so far.
(more…) -
Can FBR stop a tax defaulter from leaving Pakistan? explained
The Federal Board of Revenue (FBR) has the legal authority to stop a person from leaving the country if they have outstanding tax liabilities or are suspected of trying to evade payment by permanently departing Pakistan. This authority is granted under Section 145 of the Income Tax Ordinance, 2001 and Rule 70 of the Income Tax Rules, 2002.
(more…) -
FBR launches national cargo tracking system and e-Bilty mechanism
Islamabad: The Federal Board of Revenue (FBR) on Thursday initiated the design phase of a National Cargo Tracking System (CTS) along with an integrated e-Bilty mechanism, marking a significant step toward digitizing cargo monitoring, improving tax compliance, and curbing smuggling across Pakistan.
(more…) -
FBR extends income tax concession on sugar imports
Islamabad, March 5, 2026: The Federal Board of Revenue (FBR) on Thursday announced the extension of the income tax concession on the import of white crystalline sugar until February 28, 2026. The move aims to stabilize domestic sugar prices and support local market supply.
(more…)