The Tax Policy Office is reviewing a Pakistan Business Council proposal to restore tax neutrality on inter-corporate dividends, aiming to reduce multiple taxation and improve corporate investment in Pakistan.
The Punjab Revenue Authority achieved Rs149.5 billion in tax revenue in the first half of FY2025-26, posting a 33% increase YoY. Strategic reforms and targeted sector compliance helped boost collections.
The Federal Board of Revenue collected Rs828 billion in Petroleum Development Levy from July to December, driven by stricter enforcement against fuel smuggling. With 1,442 illegal petrol pumps sealed across Pakistan, authorities aim to ensure compliance and further increase revenue while stabilizing the petroleum market.
FBR’s crackdown on a major illegal tobacco-processing facility in Mardan marks a strong step against illicit trade causing over Rs 400 billion in annual losses. Experts stress the need for sustained enforcement across the entire supply chain to protect national revenue and support lawful businesses.
The Federal Board of Revenue (FBR) has announced that all major shipping lines in Pakistan are now applying official bank exchange rates for shipping charges, marking a historic step to end inflated and arbitrary fees. This move is expected to lower costs for exporters and improve transparency across the industry.
The Federal Board of Revenue (FBR) has issued a show-cause notice to AHG Flavours, the company behind Baskin-Robbins Pakistan, over alleged benami investments totaling Rs 32.275 million. The notice initiates legal proceedings under the Benami Transactions (Prohibition) Act, 2017, allowing the company to respond before further action is taken.
The Pakistan Tax Bar Association has asked the FBR to end selective enforcement of Section 7E on immovable properties, calling for equal treatment of taxpayers across all provinces.
The Khyber Pakhtunkhwa government has transferred and posted 40 senior bureaucrats, including special secretaries, director generals and managing directors, in a sweeping administrative reshuffle aimed at reorganising key provincial departments and authorities.
The Federal Board of Revenue is extending its Track & Trace System to high-risk sectors including tiles, textile spinning, and GLT units, aiming to combat tax evasion and improve compliance using advanced monitoring and authentication technologies.
The Federal Board of Revenue will begin penalising companies from January 2025 for failing to integrate their systems with FBR’s platform for issuing electronic sales tax invoices, as all registration and integration deadlines under SRO 1852(I)/2025 have now lapsed.