Pakistan Revenue
Stay updated on taxation news, tax laws, FBR policies, compliance, audits, income tax, sales tax, and fiscal developments in Pakistan.
Islamabad, November 30, 2025 – In a major crackdown against the illicit cigarette trade, the Federal Board of Revenue (FBR) has sealed the manufacturing machinery of M/s Souvenir Tobacco after discovering large quantities of non-duty-paid (NDP) and non–Track and Trace System (TTS) cigarettes.
Continue Reading
ISLAMABAD, November 30, 2025 – Pakistan’s revenue collection crisis widened sharply in November 2025, with the Federal Board of Revenue (FBR) facing one of the largest monthly shortfalls of the fiscal year amid sluggish economic activity, industrial closures, and higher tax rates that continue to squeeze the formal sector.
Continue Reading
Islamabad, November 30, 2025 – In a major development, the Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to initiate the process for suspending the license of M/s Gerry’s Dnata for its Karachi airport cargo shed, following revelations of a massive customs fraud involving illegal clearance of high-value imported goods.
Continue Reading
Quetta, November 29, 2025 – The Collectorate of Customs Enforcement Gadani has intensified its anti-smuggling operations across the coastal belt and the RCD Highway, resulting in major seizures worth an estimated Rs1 billion over the past seven days.
Continue Reading
Karachi, November 29, 2025 – The Karachi Tax Bar Association (KTBA) has called on the Federal Board of Revenue (FBR) to enable taxpayers to revise their wealth statements on the online IRIS portal, highlighting a critical procedural gap affecting compliance.
Continue Reading
Karachi, November 28, 2025 – The Collectorate of Customs Appraisement (West) has extended payment counter timings at all Off-Dock Terminals until 9:00 PM, following a formal request from the Karachi Customs Agents Association (KCAA).
Continue Reading
Islamabad, November 28, 2025 – If you are planning to buy property with cash payment or outside banking channels, the Federal Board of Revenue (FBR) has issued strict tax rules and penalties to ensure compliance. For the tax year 2026, property transactions conducted without proper banking or digital channels will remain illegal and subject to […]
Continue Reading
Islamabad, November 28, 2025 – The Federal Board of Revenue (FBR) has notified updated rules regarding asset declarations by public servants, aiming to improve transparency and ensure proper sharing of financial information between government bodies and banks.
Continue Reading
Karachi, November 27, 2025 – The State Bank of Pakistan (SBP) has issued directives instructing commercial banks to observe extended working hours on Saturday, November 29, 2025, to facilitate taxpayers making over-the-counter (OTC) payments of government duties and taxes. In an official circular, the SBP announced that all Saturday-opening branches of commercial banks — including […]
Continue Reading
Karachi, November 27, 2025 – The Federal Board of Revenue (FBR) has provided a detailed explanation of fair market value for transactions conducted during tax year 2026 (July 1, 2025, to June 30, 2026).
Continue Reading