The Federal Board of Revenue (FBR) has reported a significant shortfall in tax collection for March 2026, collecting Rs1,187 billion against the monthly target of Rs1,367 billion, sources said. This reflects a gap of Rs180 billion, highlighting ongoing fiscal pressures on Pakistan’s revenue system.
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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 unveils new policy for disposal of tampered vehicles
Islamabad, March 31, 2026 – The Federal Board of Revenue (FBR) has introduced a comprehensive procedure for the use and disposal of confiscated vehicles with tampered chassis numbers through Customs General Order (CGO) No. 04 of 2026. The new policy, effective from April 1, 2026, aims to ensure transparency, uniformity, and accountability in handling such vehicles across Pakistan.
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FBR gives taxpayers 72-hour window to fix e-invoices
Islamabad, March 31, 2026 – The Federal Board of Revenue (FBR) has introduced a significant facilitation measure for taxpayers by allowing the cancellation, deletion, and editing of electronic sales tax invoices under defined conditions.
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FBR sets new customs values for imported beverages – VR 2052/2026
Karachi, March 31, 2026 – The Federal Board of Revenue has issued a new valuation ruling to determine customs values for imported beverages of foreign brands, aiming to streamline duty and tax collection at the import stage.
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Pakistan Budget 2026-27: ICMAP Pushes Crypto Tax Relief
Karachi, March 31, 2026 – The Institute of Cost and Management Accountants of Pakistan (ICMAP) has urged the federal government to introduce a comprehensive tax incentive scheme for cryptocurrency and fintech in the upcoming Budget 2026–27, aiming to bring digital assets into the formal economy.
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FBR updates LED lighting import customs valuation after 9 years
Karachi, March 30, 2026 – The Federal Board of Revenue (FBR) has issued fresh customs values for LED bulbs and tube lights through Valuation Ruling (VR) 2055/2026 to streamline import assessments and align them with prevailing market trends.
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FBR issues new polyester fabric import values – full rate list
Karachi, March 30, 2026 – The Federal Board of Revenue (FBR) has revised customs values of imported polyester fabrics through a new valuation ruling aimed at ensuring transparency and uniformity in duty assessment at the import stage.
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Pakistan Customs announces mega auction of passenger buses, goods vehicles at Gadani
Karachi, March 30, 2026 – Pakistan Customs has announced a major public auction of seized passenger buses, trucks, trailers, and commercial transport vehicles scheduled to take place on April 6, 2026, at the Customs Enforcement Collectorate, Gadani. The auction is expected to attract transporters, logistics companies, intercity bus operators, industrial buyers, and investors looking for affordable commercial fleet options.
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How FBR determines your salary income for return filing 2026
If you are a salaried individual earning above the threshold of Rs. 600,000 annually, understanding how the Federal Board of Revenue (FBR) calculates your income is essential for accurate tax return filing in tax year 2026.
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FBR faces major delay in enforcing new tax law Section 114C on economic restrictions
Islamabad, March 29, 2026 – The Federal Board of Revenue (FBR) has so far been unable to enforce newly introduced restrictions on ineligible persons under Section 114C of the Income Tax Ordinance 2001 for the fiscal year 2025–26, raising concerns about regulatory delays and tax compliance gaps.
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