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Category: Taxation

Stay updated on taxation news, tax laws, FBR policies, compliance, audits, income tax, sales tax, and fiscal developments in Pakistan.

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FBR issues draft insurance guarantee format for export facilitation scheme

November 18, 2025November 18, 2025Shahnawaz Akhter

Islamabad, November 18, 2025 – The Federal Board of Revenue (FBR) has released a detailed draft of the insurance guarantee format required under Pakistan’s Export Facilitation Scheme (EFS), originally notified through SRO 957(I)/2021.

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FBR Image 01 New

FBR imposes penalties for 2025 wealth statement non-submission

November 18, 2025November 18, 2025Shahnawaz Akhter

Karachi, November 18, 2025 – The Federal Board of Revenue (FBR) has announced penalties for taxpayers who fail to submit their wealth statements for the tax year 2025.

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Torkham

Pakistan mandates 100% X-ray scanning for all Afghan transit trade cargo (ATT)

November 17, 2025November 17, 2025Shahnawaz Akhter

Islamabad, November 17, 2025 – In a significant move to enhance supply chain security and mitigate elevated security risks, Pakistan has mandated 100% Non-Intrusive Inspection (NII) scanning for all consignments under the Afghan Transit Trade (ATT) regime.

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pakistan customs

FBR issues new SOP for container X-ray scanning in Pakistan

November 17, 2025November 17, 2025Shahnawaz Akhter

Karachi, November 17, 2025 – The Federal Board of Revenue (FBR) has issued a detailed Standard Operating Procedure (SOP) governing X-ray and Gamma-ray scanning of cargo containers at ports and terminals across Pakistan. The new procedure aims to strengthen border security while ensuring that goods are examined without damaging container integrity.

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Tax Budget

FBR set to punish withholding agents for concealing key information

November 16, 2025November 16, 2025Shahnawaz Akhter

Karachi, November 16, 2025 — The Federal Board of Revenue (FBR) is moving toward strict enforcement of penal provisions against withholding agents who fail to provide complete information about individuals involved in major financial transactions.

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PM Shehbaz at FBR

PM Shehbaz orders overhaul of tax collection in key economic sectors

November 15, 2025November 15, 2025Mrs. Anjum Shahnawaz

Islamabad, November 15, 2025 – Prime Minister Muhammad Shehbaz Sharif has directed authorities to implement strong administrative and institutional reforms to curb tax evasion and fix longstanding weaknesses in tax collection across major sectors, including tobacco and tiles.

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FBR Pakistan Karachi

FBR collects massive Rs7 billion from export of services in FY25

November 15, 2025November 15, 2025Hamza Shahnawaz

Islamabad, November 15, 2025 – The Federal Board of Revenue (FBR) has collected an impressive Rs7 billion from the export of services during fiscal year 2024-25, marking a significant 30% increase compared to Rs5.38 billion collected in the previous fiscal year.

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FBR - Taxation

FBR explains sales tax exemption methodology for businesses

November 15, 2025November 15, 2025Shahnawaz Akhter

Karachi, November 15, 2025 — The Federal Board of Revenue (FBR) has provided detailed guidance on the methodology for accounting for sales tax exemptions in its tax expenditure reports.

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port activity

FBR announces withholding tax rates for imports in tax year 2026

November 15, 2025November 15, 2025Shahnawaz Akhter

Karachi, November 15, 2025 — The Federal Board of Revenue (FBR) has released the updated withholding tax rates for imported goods for the tax year 2026, providing guidance for importers, withholding agents, and other stakeholders.

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pakistan customs

Appraising officer penalized for aiding misdeclaration at Pakistan Customs

November 14, 2025November 14, 2025Shahnawaz Akhter

Karachi, November 14, 2025 – The Federal Board of Revenue (FBR) has imposed a major penalty on a Pakistan Customs appraising officer after he was found guilty of facilitating misdeclaration that benefitted importers and caused significant revenue loss to the national exchequer.

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