Islamabad, February 26, 2026: The Federal Board of Revenue (FBR) has detected trade fraud cases totaling Rs30.46 billion following the successful rollout of its transformation plan. According to official FBR documents, customs authorities identified 174 cases of misdeclaration and under-valuation, safeguarding Rs1.37 billion in duties and taxes.
(more…)Category: Taxation
Stay updated on taxation news, tax laws, FBR policies, compliance, audits, income tax, sales tax, and fiscal developments in Pakistan.
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Foreign investors cry foul as Rs103bn in tax refunds remain stuck at FBR
Karachi: Foreign investors operating in Pakistan have strongly urged the Federal Board of Revenue (FBR) to immediately release long-pending tax refunds amounting to Rs103 billion, warning that persistent delays are causing severe liquidity constraints and disrupting business operations.
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FBR Scripts Your Cash Withdrawal for Tax Investigation
With Pakistan’s tax authorities stepping up efforts to broaden the tax base, your cash withdrawals from banks are now under closer scrutiny. The Federal Board of Revenue (FBR) tracks significant cash withdrawals to ensure tax compliance, and banks are required to report details of large transactions.
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Pakistan Customs announces mega public auction of cars, SUVs, and commercial vehicles
Karachi, February 25, 2026 — The Pakistan Customs has announced a public auction of cars, SUVs, and commercial vehicles to be held at Gadani on February 26, 2026, organized by the Collectorate of Customs (Enforcement), Gadani. The auction aims to dispose of old and used vehicles, providing an opportunity for traders, transport companies, and the general public to acquire vehicles at competitive rates.
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How Much Credit Card Payment Triggers FBR Scrutiny? You Must Know
The Federal Board of Revenue (FBR) is keeping a close eye on credit card transactions as part of its initiative to broaden Pakistan’s tax base. Citizens using credit cards should be aware that certain payment thresholds trigger mandatory reporting by banks to the FBR.
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FBR introduces format for bank deposit reporting: What account holders should know
The Federal Board of Revenue (FBR) has issued a format for banks to provide account holders’ deposit details. Citizens with significant deposits should be prepared for scrutiny as part of the government’s effort to enhance tax compliance.
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Sindh shifts entire tax system to negative list tariff regime: SRB
Karachi, February 23, 2026 – The Sindh Revenue Board (SRB) has announced a major transformation of Sindh’s tax regime, moving from the Positive List of Tariff (PCT) to a Negative List Tariff regime in the current fiscal year 2025-26. This reform marks a significant step toward broadening the tax base and simplifying taxation of services across the province.
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Public auctions generate Rs9 billion in FBR tax revenue in 7MFY26
Islamabad, February 21, 2026 – The Federal Board of Revenue (FBR) has collected more than Rs9 billion as advance income tax from public auctions during the first seven months (July–January) of fiscal year 2025-26.
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FBR’s prize bond jackpot: Tax collections hit Rs5 billion
Islamabad, February 21, 2026 – The Federal Board of Revenue (FBR) has collected more than Rs5 billion as income tax from prize bond winnings during the first seven months (July–January) of the fiscal year 2025-26.
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APCAA urges FBR to pause point deductions amid mounting concerns
Karachi, February 20, 2026 — The All Pakistan Customs Agents Association (APCAA) has called for the immediate suspension of the Federal Board of Revenue (FBR)’s point scoring and deduction mechanism for licensed customs agents, urging authorities to recalibrate the system in consultation with key stakeholders before its continuation.
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