Pakistan Revenue
The Federal Board of Revenue is Pakistan’s apex tax agency, overseeing tax collection and policies. Pakistan Revenue is committed to providing timely updates on the Federal Board of Revenue to its readers.
Karachi, January 14, 2026 – The State Bank of Pakistan (SBP) has announced the daily interbank foreign exchange (forex) rates for Wednesday, January 14, 2026. These rates are shared to assist businesses, traders, investors, and the general public in tracking currency trends and making informed financial decisions.
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Islamabad, January 14, 2026 – The Federal Board of Revenue (FBR) reported a dramatic 159% increase in sales tax collections from locally assembled motor cars in the fiscal year 2024-25 compared to FY24, underscoring the growing contribution of the automotive sector to Pakistan’s domestic tax revenues.
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Islamabad, January 14, 2026 – Imported vehicles emerged as the top revenue generator for Pakistan’s Federal Board of Revenue (FBR) in the fiscal year 2024-25, highlighting the sector’s growing contribution to national customs collections. According to the latest FBR data, customs duties on vehicles (non-railway) alone fetched PKR 177 billion, marking a sharp 41% increase […]
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Importers in Pakistan often pay excess sales tax at the clearance stage due to errors, incorrect valuation, or subsequent relief granted by appellate authorities. To address this, the Sales Tax Rules, 2006 (updated for Tax Year 2026) provide a clear mechanism for claiming import-related sales tax refunds under Rule 34A.
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The Sales Tax Rules, 2006, as updated for Tax Year 2026, clearly define the eligibility, scope, and procedure for claiming sales tax refunds on zero-rated supplies and non-zero-rated (taxable) supplies under Rule 33 and Rule 34. Understanding the distinction is critical to avoid claim rejections and audit issues.
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The Federal Board of Revenue (FBR) has streamlined the processing of sales tax refund claims through the STARR (Sales Tax Automated Refund Repository) channel under Rule 30 and Rule 31 of the Sales Tax Rules, 2006, as updated for Tax Year 2026. This digital mechanism aims to enhance transparency, reduce delays, and ensure faster disbursement […]
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Islamabad, January 13, 2026 – The Federal Board of Revenue (FBR) has identified critical sectors where revenue collection declined during the fiscal year 2024-25, urging tax authorities to enhance enforcement and adopt targeted strategies to increase compliance and overall revenue.
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Islamabad, January 13, 2026 – The Federal Board of Revenue (FBR) has released key highlights of its revenue collection performance for the fiscal year 2024-25, reporting a strong growth across direct taxes, sales tax, customs, and federal excise duties.
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Islamabad, January 13, 2026: The Federal Board of Revenue (FBR) is set to introduce stringent laws targeting tax evasion under the Finance Bill 2026, aiming to broaden the tax net and increase revenue collection from affluent individuals and businesses.
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The Risk Management System (RMS) of the Federal Board of Revenue (FBR) plays a central role in ensuring transparent, automated, and risk-based processing of sales tax refund claims in Pakistan. For tax year 2026, refund claims are no longer processed manually; instead, they are evaluated through FBR’s computerized RMS under Rule 29 of the Sales […]
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