Web Desk

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IMF Pushes Pakistan to Raise Over Rs. 700 Billion New Taxes in Budget 2026-27

SBP directs banks across Pakistan to remain open on May 23-24, 2026 for collection of taxes and duties while ensuring uninterrupted digital payment services.

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IMF Backs Pakistan’s Fiscal Stability Efforts, Budget Talks to Continue

IMF urges Pakistan to expand tax net, improve tax administration and maintain fiscal stability as budget talks for FY2026-27 continue in Islamabad.

FBR Proposes NTN, FTN and CNIC Details in Import Cargo Declarations

FBR issues draft amendments to Customs Rules requiring NTN, FTN or CNIC details in import cargo declarations from August 15, 2026.

AJK Removes Inland Revenue Secretary Amid Crackdown on Illegal Trade

AJK government removes Secretary Inland Revenue amid intensified crackdown on illegal cigarette manufacturing, tobacco tax evasion, and enforcement failures.

A busy office desk with a calculator, pen, and financial documents.

FBR Imposes Rs2.7 Billion Penalty on Gerry’s Dnata in Fraud Case

FBR imposes Rs2.7 billion penalty on Gerry’s Dnata after uncovering a major customs fraud involving illegal clearance of imported electronics in Karachi.

Quaid-e-Azam’s Mausoleum in Karachi, Pakistan.

FBR Faces 30% Decline in Electricity Withholding Tax Collection

Solar energy adoption and lower power consumption reduce tax receipts under electricity bills.

Badshahi Mosque in Lahore, Pakistan at sunset.

Punjab Leads Sales Tax Collection Growth with 38% Increase

Punjab records over 38% growth in sales tax on services collection during 9MFY26, while total provincial collection across Pakistan rises 28.5% to Rs536 billion.