Pakistan Revenue
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.
Pakistan plans fresh revenue measures as FBR faces likely shortfall in FY26 collections Pakistan’s government is expected to introduce around 430 billion rupees in new tax measures in the federal budget for 2026–27 (FY27) as it seeks to strengthen revenues amid pressure from lower-than-targeted collections, according to official documents.
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Revised valuation tables issued through SRO 876(I)/2026 cover multiple DHA phases and commercial sectors in Lahore The Federal Board of Revenue (FBR) has revised property valuation tables for Nishtar Town, Lahore, for the purpose of determining withholding tax collection on property transactions.
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Tax authority opens LTOs, MTOs, CTOs and RTOs on May 23–24 amid revenue shortfall pressure The Federal Board of Revenue (FBR), Pakistan’s tax authority, has converted the upcoming weekend into working days for tax offices as it steps up efforts to improve revenue collection amid growing pressure to meet its annual target.
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Tax body urges FBR to launch IRIS test environment and extend consultation period for 2026 return forms The Karachi Tax Bar Association (KTBA) has urged Pakistan’s tax authority to introduce pilot testing of income tax return forms for Tax Year 2026 before formal rollout, citing technical, formatting, and procedural concerns.
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Pakistan Customs will auction seized vehicles, including Mercedes-Benz S-Class, Toyota Prado, Nissan Patrol, Corolla, Civic, Aqua, and others. Pakistan Customs will hold a public auction of seized and confiscated vehicles in Islamabad on May 21, 2026, offering a wide range of imported and luxury vehicles under an “as is where is basis,” officials said.
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Tax authority expands digital monitoring system to textiles, beverages and major industrial sectors The Federal Board of Revenue expects to collect an additional Rs48 billion in tax revenue during fiscal year 2026-27 through expanded production monitoring systems across key industrial sectors, according to official documents.
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Tax authority expands CRM-based audit system to boost compliance and revenue collection The Federal Board of Revenue plans to hire an additional 396 private auditors by the end of June 2026 to strengthen tax scrutiny and improve compliance monitoring, according to official sources.
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Large Taxpayers Office posts 10% growth in net revenue amid strong direct tax performance The Large Taxpayers Office (LTO) Karachi has reported record revenue collection of nearly Rs3 trillion during the first 10 months of fiscal year 2025-26, marking its highest-ever performance for the period, according to official data.
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Toyota Land Cruiser, Prius and Honda Civic among vehicles listed for public auction Pakistan Customs has announced a public auction of old and used vehicles scheduled for May 20, 2026, at the Anti-Smuggling Organization (ASO) NMB Wharf in Karachi.
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Service providers in ICT directed to adopt electronic invoicing system under new order The Federal Board of Revenue (FBR) has made Point of Sale (POS) integration with its computerized system mandatory for service providers operating in the Islamabad Capital Territory (ICT), according to a new general order issued on Monday.
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