Islamabad, February 20, 2026 – The Federal Board of Revenue (FBR) on Friday announced the transfers and postings of high-profile officers of the Pakistan Customs Service (PCS) with immediate effect. The moves are aimed at enhancing operational efficiency and strengthening leadership across key customs departments nationwide.
(more…)Category: Taxation
Stay updated on taxation news, tax laws, FBR policies, compliance, audits, income tax, sales tax, and fiscal developments in Pakistan.
-
Deadline for CGT payment set for February 27, 2026: NCCPL
Karachi, February 20, 2026 – The National Clearing Company of Pakistan Limited (NCCPL) on Friday announced that February 27, 2026 has been set as the deadline for the payment of Capital Gain Tax (CGT) for transactions carried out during January 2026.
(more…) -
Karachi lights up FBR revenue, pays over Rs15 billion via electricity bills
Karachi, February 20, 2026 – Karachi, Pakistan’s financial and commercial hub, has generated over Rs15 billion in advance income tax collected through electricity bills during the first seven months (July to January) of fiscal year 2025-26, according to data from the Federal Board of Revenue (FBR).
(more…) -
FBR revises customs values for imported olives under VR 2045/2026
Karachi, February 19, 2026 — The Federal Board of Revenue (FBR) has revised the customs values of imported olives for the assessment of duties and taxes, issuing Valuation Ruling No. 2045/2026 through its Directorate General of Customs Valuation.
(more…) -
Soneri Bank battles FBR over multi-billion tax disputes
Karachi, February 19, 2026 – Soneri Bank Limited has revealed significant tax contingencies in its 2025 annual report submitted to the Pakistan Stock Exchange (PSX), highlighting ongoing disputes with the Federal Board of Revenue (FBR) that could involve billions of rupees in potential liabilities.
(more…) -
Pakistan Petroleum in tax tug-of-war as FBR slaps multi-billion rupee notices
Karachi, February 19, 2026 – Pakistan Petroleum Limited (PPL) has disclosed that it is contesting tax demand notices worth billions of rupees issued by the Federal Board of Revenue (FBR), according to the company’s financial statements for the half year ended December 31, 2025.
(more…) -
FBR dividend tax collection soars 21% in first seven months
Islamabad, February 19, 2026 – The Federal Board of Revenue (FBR) has reported a 21% surge in income tax collection from dividends during the first seven months (July 2025–January 2026) of the current fiscal year (FY26) compared to the same period last year.
(more…) -
FBR rolls out mandatory online integration for retailers, hospitals, schools
Islamabad, February 18, 2026 – The Federal Board of Revenue (FBR) on Wednesday issued a comprehensive list of businesses that are mandatorily required to integrate their operations with the FBR’s online system, aiming to enhance documentation, transparency, and tax compliance across multiple sectors.
(more…) -
FBR, NADRA launch secure electronic system for sharing citizens’ data
Islamabad, February 18, 2026 – The Federal Board of Revenue (FBR) and the National Database and Registration Authority (NADRA) have established a secure electronic module for sharing citizens’ information, aimed at improving data accessibility, transparency, and operational efficiency across government departments.
(more…) -
Pakistan customs to auction imported vehicles at KGTL Karachi on February 25, 2026
Karachi, February 18, 2026 – Pakistan Customs has announced a major public auction of imported and seized vehicles scheduled to be held on February 25, 2026, at the Auction Hall, Karachi Gateway Terminal Limited (KGTL), East Wharf, Karachi, according to the official auction catalogue.
(more…)