Islamabad, July 3, 2025 — In a bold move to tighten its grip on the movement of goods across the country, the Federal Board of Revenue (FBR) has empowered customs officials to reexamine cargo — even after it has been cleared from customs stations.
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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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PM Shehbaz applauds record 42% growth in FBR tax collection
Islamabad, July 2, 2025 – Prime Minister Shehbaz Sharif on Wednesday commended the Federal Board of Revenue (FBR) and the Ministry of Finance for achieving an unprecedented 42% surge in tax collection during the fiscal year 2024-25 — marking the most significant year-on-year revenue growth in a decade, as reported by APP.
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Finance Ministry issues major errata to tax expenditure report
Islamabad, July 2, 2025 – In an unexpected twist that has stirred both curiosity and criticism, the Finance Ministry has issued a formal errata to its tax expenditure report for the fiscal year 2024-25, drastically revising earlier figures and raising questions about transparency in budget formulation.
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Hidden Amnesty in Finance Act 2025? Let’s Break It Down Together
Islamabad, July 2, 2025 – Think tax amnesties are a thing of the past? Think again. In a surprising twist, the Finance Act, 2025 may have quietly reintroduced an amnesty—but this time, it’s wrapped in legalese and called the “declaration of sufficient sources.” Confused? Let’s walk through it.
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How to pay just 5% sales tax at Islamabad restaurants?
Islamabad, July 2, 2025 – Dining out in Islamabad just got more affordable—if you know the rules. The Federal Board of Revenue (FBR) has introduced a new mechanism that lets customers pay only 5% sales tax at Islamabad restaurants, provided they follow one simple condition.
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Parallel FBR audits of Honda Cars get court backing
Lahore, July 2, 2025 – In a landmark judgment, the Lahore High Court (LHC) has upheld the Federal Board of Revenue’s (FBR) authority to initiate audit proceedings under Section 177 of the Income Tax Ordinance, 2001, independent of ongoing reassessment proceedings under Section 122(5A).
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SRB posts highest-ever monthly tax collection in June 2025
Karachi, July 1, 2025 – In a remarkable financial triumph, the Sindh Revenue Board (SRB) has shattered all previous records by achieving its highest-ever monthly tax collection, raking in a staggering Rs40.5 billion in June 2025.
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FBR imposes additional customs duty for FY2025-26
Islamabad, July 1, 2025 – In a significant fiscal measure aimed at strengthening domestic industries and regulating imports, the Federal Board of Revenue (FBR) has issued SRO 1151(I)/2025, dated June 30, 2025, to impose additional customs duty on a wide range of imported goods for the fiscal year 2025–26.
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FBR Notifies Regulatory Duty Chart for FY 2025-26
Islamabad, July 1, 2025 – The Federal Board of Revenue (FBR) has officially notified the regulatory duty (RD) rates applicable for the fiscal year 2025–26, effective from July 1, 2025.
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Finance Act 2025: Major Amendments to Customs Duty
Islamabad, July 1, 2025 – The National Assembly has officially passed the Finance Act 2025, incorporating key changes to the customs duty regime of Pakistan as proposed earlier through the Finance Bill 2025.
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