FBR Reforms to Eliminate Tax Evasion, Non-Filers
FBR officials have announced sweeping reforms and digital transformation measures aimed at eliminating tax evasion and the concept of non-filers in Pakistan.
Customs Raise Value on Imported Used iPhones, Expected to Push Prices Higher
Pakistan Customs has revised the customs valuation of imported used Apple iPhones, increasing assessed import values across multiple models.
Petrol and Diesel Prices Jump as Govt Raises Taxes to Meet IMF Targets
Petrol and diesel prices surged by Rs. 26.77 per litre as the government raised taxes, including a higher petroleum levy, to meet fiscal targets under the International Monetary Fund program.
Pakistan to Tighten Vehicle Import Rules for Non Filers
Pakistan is set to overhaul vehicle import regulations from July 1, 2026, under IMF guidance. Only tax-registered companies with a National Tax Number and incorporation under the Companies Act 2017 will be permitted to import vehicles, effectively excluding non-filers, individuals, and sole proprietorships.
NCCPL Sets April 30, 2026 Deadline Capital Gains Tax Payment
NCCPL has set April 30, 2026 as the deadline for stock brokers and asset management companies to deposit capital gains tax (CGT) for March transactions.
Sindh Partners with Banks to Digitise Property Transfer Tax Collection
Sindh partners with banks to digitise property transfer tax collection, aiming to improve transparency, efficiency, and real-time revenue management.
FBR Revises Customs Values for Used Imported Mobile Phones
FBR increases customs values for used imported mobile phones under Valuation Ruling 2070/2026, raising duty benchmarks to align with global prices and curb under-invoicing.
FBR Capital Gains Tax Surges Past Rs100 Billion in 9MFY26 Amid PSX Rally
FBR’s capital gains tax collection surged to Rs101 billion in 9MFY26, driven by a strong Pakistan Stock Exchange rally, increased investor participation, and higher trading volumes despite global market volatility.
Pakistan Accelerates Federal Budget 2026–27 Preparations
Pakistan is finalizing the Federal Budget 2026–27 in line with International Monetary Fund conditions, with proposals including tax relief for the salaried class, a gradual cut in Super Tax, and a Rs5,000 increase in Benazir
LTO Karachi Achieves Record Rs2.58 Trillion Tax Collection in 9MFY26
LTO Karachi recorded a historic Rs2.58 trillion tax collection in 9MFY26, up 10% year-on-year, driven mainly by strong growth in direct taxes and federal excise duty.