Karachi, January 20, 2026 – The Federal Board of Revenue (FBR) has reported an extraordinary rise in Capital Gains Tax (CGT) collection, posting nearly a five-fold increase during the first half (July–December) of the ongoing fiscal year 2025–26, driven by an unprecedented boom in the Pakistan Stock Exchange (PSX).
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Stay updated on taxation news, tax laws, FBR policies, compliance, audits, income tax, sales tax, and fiscal developments in Pakistan.
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Procedure of Sales Tax Recovery Through Sale of Immovable Property (2026)
The Sales Tax Rules, 2006 (updated for tax year 2026) lay down a detailed legal mechanism for the Federal Board of Revenue (FBR) to recover defaulted sales tax through attachment and sale of immovable property. These rules aim to ensure transparency, due process, and protection of rights for defaulters, purchasers, and other affected parties.
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Pakistan’s tax giant: LTO Karachi achieves Rs1.70 trillion in half-year
Karachi, January 20, 2026 – The Large Taxpayers Office (LTO) Karachi has surpassed all previous records by collecting an unprecedented Rs1.70 trillion in the first half of fiscal year 2025-26 (July–December), marking a 9% growth over Rs1.56 trillion collected during the same period last year. As the largest revenue-generating arm of the Federal Board of Revenue (FBR), LTO Karachi continues to set benchmarks in tax administration and compliance.
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FBR issues new customs values for ammunition imports under valuation ruling 2036/2026
Islamabad, January 19, 2026 – The Federal Board of Revenue (FBR) has notified revised customs values for imported ammunition to be used for assessment of duty and taxes at the import stage. The new values have been issued through Valuation Ruling No. 2036/2026, notified by the Directorate General of Customs Valuation, Karachi
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FBR sets 2026 customs values for Apple, Samsung, and popular mobile phones
Islamabad, January 19, 2026 – The Federal Board of Revenue (FBR) has issued new customs values for the assessment of duty and taxes on the import of old and used mobile phones, including popular models from Apple, Samsung, Google Pixel and OnePlus.
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Procedure for Attachment and Sale of Movable Property by FBR Officials in 2026
Updated under Sales Tax Rules, 2006 (Tax Year 2026)
The Sales Tax Rules, 2006, as updated for tax year 2026, prescribe a comprehensive legal framework for the attachment and sale of movable property of sales tax defaulters by officials of the Federal Board of Revenue (FBR). These rules ensure due process, proportionality, and transparency in recovery proceedings.
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FBR to Finalize New Property Valuation Tables for Islamabad by January 31
Islamabad, January 18, 2026 – The Federal Board of Revenue (FBR) is set to decide on revised property valuation tables for District Islamabad by the end of January 2026, following objections raised by real estate stakeholders over discrepancies in assessed values.
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Sindh and Punjab revenue authorities discuss sales tax on services implementation
Lahore: The Chairman of Sindh Revenue Board (SRB), Dr. Wasif Memon, visited the Punjab Revenue Authority (PRA) headquarters for high-level talks on enhancing tax administration and implementing sales tax on services across provinces.
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Pakistan Customs Foils Gold and Currency Smuggling at Karachi Airport
Karachi, January 17, 2026 — Pakistan Customs officials at Jinnah International Airport (JIAP), Karachi, successfully intercepted two separate attempts to smuggle gold and undeclared foreign currency through the International Departures terminal.
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IRSOA expresses solidarity with commissioner amid court proceedings
Islamabad, January 17, 2026 — The Inland Revenue Service Officers Association (IRSOA) has expressed serious concern over efforts to register a First Information Report (FIR) against a serving Inland Revenue Commissioner over allegations of using threatening language toward a lawyer.
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