Karachi, March 29, 2026 – The Institute of Cost and Management Accountants of Pakistan has proposed an innovative consumer lottery scheme aimed at improving tax compliance and documenting retail transactions across the country. The recommendation has been submitted as part of budget proposals for the Federal Budget 2026–27 to the Ministry of Finance Pakistan.
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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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New task force to fix Pakistan’s tax litigation crisis
Islamabad: The Prime Minister’s Office has established a high-level Task Force to review and propose comprehensive reforms for the legal wing of the Federal Board of Revenue (FBR), in a move aimed at strengthening Pakistan’s tax litigation system and improving revenue enforcement.
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Jewelers raise tax challenges in key FBR meeting in Islamabad
Islamabad – Pakistan’s jewelry sector has raised serious concerns over taxation policies during a high-level meeting with the Federal Board of Revenue, highlighting issues that are negatively impacting business operations and growth.
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FBR chairman takes action on Karachi tax complaints
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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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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