Tag: Federal Board of 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.
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FBR seals Souvenir Tobacco machinery over illicit cigarette production
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.
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Pakistan faces deepening revenue crisis as FBR’s November shortfall doubles
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.
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FBR Warns: Penalties for Property Transactions Without Banking Channels in 2026
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…
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FBR issues new rules for asset declarations by public servants
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.
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FBR clarifies fair market value rules for tax year 2026
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).
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PM Shehbaz orders two-year increment freeze for BS-20 IRS officer over Inefficiency
Islamabad, November 27, 2025 – Prime Minister Shehbaz Sharif has approved a disciplinary penalty against a senior BS-20 Inland Revenue Service (IRS) officer after charges of inefficiency were proven during an official inquiry. The Prime Minister ordered that the officer’s annual increment be withheld for two years.
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FBR welcomes Supreme Court ruling upholding confiscation of vehicle used in smuggling
Islamabad, November 27, 2025 – The Federal Board of Revenue (FBR) has welcomed a landmark judgment by the Supreme Court of Pakistan reaffirming the confiscation of vehicles involved in transporting smuggled goods.
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FBR declares Saturday, November 29 as a normal working day to boost revenue
Islamabad, November 26, 2025 – The Federal Board of Revenue (FBR) has announced that Saturday, November 29, 2025, will be treated as a normal working day across all Inland Revenue field formations, despite it being a weekly holiday.
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FBR lowers customs values of nylon yarn amid global price decline
Karachi, November 26, 2025 – The Federal Board of Revenue (FBR) has officially lowered the customs values for nylon yarn imports, reflecting falling international market prices. The move comes as part of the FBR’s ongoing efforts to ensure fair and up-to-date valuation of imported goods.
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Why Invest in Pakistan? The Big Attraction of Tax Credit Incentives
Islamabad, November 26, 2025 – Thinking about investing in Pakistan’s industrial sector? There’s a powerful reason many companies find it appealing: generous tax credits that significantly reduce the cost of expansion and modernization.
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