Pakistan’s banking sector has become the single-largest contributor to government revenue, according to the Pakistan Banks Association (PBA). However, the association cautions that rising corporate taxes are squeezing bank profitability, discouraging foreign investment, and limiting credit expansion to the private sector.
The Federal Board of Revenue (FBR) has announced strict enforcement against textile spinning units that fail to install the mandatory Digital Eye video analytics system. Non-compliant units may face import embargoes, blacklisting, penalties, and suspension of sales tax registration.
The Federal Board of Revenue (FBR) has added a timed CAPTCHA feature on the IRIS portal login page to curb spam and automated bot activity. The new 15-second verification system strengthens security and safeguards taxpayer information during online access.
The Federal Board of Revenue (FBR) has recorded a 21% increase in dividend tax collection during July–January FY26, reaching Rs116.31 billion compared to Rs96 billion last year, though January figures showed a notable decline.
Islamabad: The Federal Board of Revenue (FBR) has issued a major directive mandating a wide range of businesses to integrate […]
Punjab Revenue Authority launches action against persistent tax defaulters, compiles database of non-compliant entities, strengthens enforcement units, and accelerates EIMS implementation to boost services tax collection.
The Federal Board of Revenue has introduced Buyer Verification Status in Annexure C of monthly sales tax returns, strengthening data accuracy and urging taxpayers to verify buyer details to prevent compliance issues.
FBR fails to submit reply in LHC case challenging its reward scheme as court seeks explanations from top officials over alleged misuse of public funds, raising concerns about transparency and accountability.
Pakistan’s Federal Board of Revenue has raised Rs10.22 billion through the NEV Adoption Levy during July–December FY26, reflecting stronger compliance and growing momentum toward eco-friendly transport under the Finance Act 2025.
Suppose an exporter was approved to import raw material worth Rs. 10 million under EFS. If they used Rs. 5 million worth of inputs and already exported finished goods before the allowed time, they can now import additional duty-free inputs up to Rs. 5 million — provided the product description and PCT codes remain unchanged and IOCO-approved.