Pakistan Customs will hold a public auction in Gadani featuring imported cars, SUVs, buses, and commercial vehicles, offering buyers an opportunity to purchase vehicles at competitive prices.
Credit card payments above Rs200,000 per month are automatically reported to FBR by banks under Rule 39A, increasing financial monitoring and tax compliance in Pakistan.
OICCI has called on FBR to immediately clear Rs103 billion in pending tax refunds, stating that delays are disrupting operations and weakening foreign investor confidence in Pakistan.
The Federal Board of Revenue (FBR) has updated property valuation rates for Naval Anchorage Islamabad, revising prices for residential and commercial plots with and without possession, along with agro and poultry farms. The new rates will affect withholding tax, capital gains tax, and overall property transaction costs in the area.
The Federal Board of Revenue (FBR) has collected over Rs5 billion in income tax from prize bond winnings in the first seven months of FY2025-26. While overall collections remained stable compared to last year, January 2026 saw a 12% decline. Prize bond winnings are taxed at 15% for ATL filers and 30% for non-filers under Section 156 of the Income Tax Ordinance, 2001.
The Federal Board of Revenue (FBR) has mandated banks to report account holders with monthly deposits of Rs10 million or more. The move, introduced under Rule 39 of the Income Tax Rules, aims to strengthen tax compliance, improve financial transparency, and enhance monitoring of high-value transactions across Pakistan.
The Sindh Revenue Board (SRB) has transitioned from the Positive List to a Negative List Tariff regime in FY 2025-26. Under the new system, all services are taxable unless specifically exempted, aiming to simplify service taxation, reduce classification disputes, and enhance revenue collection across Sindh.
A Senate Standing Committee sub-panel has raised serious concerns after 2,828 cartons of seized cigarettes worth Rs250 million reportedly went missing from FBR warehouses. The case has been referred to the FIA, while three officers were dismissed and eight transferred. Lawmakers have demanded a detailed report and enforcement record within two days.
The Punjab government has removed stamp duty on property transfers linked to company mergers and restructuring schemes approved by courts or the SECP. The decision reduces transaction costs, resolves legal ambiguities, and aligns Punjab with Islamabad’s exemption framework, supporting corporate consolidation and improving ease of doing business.
The Federal Board of Revenue (FBR) will auction 527 kanals of Bahria Town’s land in Murree to recover Rs26 billion in outstanding income tax for tax years 2020 and 2022. The move follows a Supreme Court ruling that barred developers from using the Percentage of Completion method, resulting in significant tax liabilities.