For tax year 2026 and onwards, the Federal Board of Revenue can notify any location in Pakistan as a customs station under Section 9 of the Customs Act, 1969, allowing greater flexibility to regulate trade, control smuggling, and support new trade corridors and economic zones.
The Federal Constitutional Court has adjourned the hearing of the super tax case until Tuesday after learning that arguments from more than 100 of the 150 lawyers involved have been completed. The court is hearing appeals filed by the Federal Board of Revenue against judgments of various high courts challenging the imposition of super tax under the Income Tax Ordinance.
The Securities and Exchange Commission of Pakistan (SECP) has modernized company registration through its eZfile system, linking FBR, Nadra, EOBI, and provincial departments. Real-time verifications, digital certificates, and faster account openings have boosted registrations by 51% since 2020, making Pakistan’s business environment more transparent and investor-friendly.
Over Rs1 trillion is lost each year in Pakistan due to tax evasion and smuggling across sectors like real estate, tobacco, pharmaceuticals, and tea. Analysts say stronger enforcement, closing loopholes, and expanding the tax net can help achieve revenue targets without burdening compliant taxpayers.
The Pakistan Medical Association in Rawalpindi has refused the FBR’s order to install POS systems in clinics and hospitals. Doctors say physical monitoring is unacceptable but reaffirm their willingness to comply with tax laws voluntarily.
The Federal Board of Revenue is set to extend its Track & Trace System to additional high-risk sectors. Using Unique Identification Marks, the system helps monitor production, prevent tax evasion, and stop illegal trade while also protecting consumers and strengthening market transparency.
Chairman Sindh Revenue Board Dr. Wasif Memon visited the Punjab Revenue Authority headquarters in Lahore, where discussions were held with Chairman PRA Muazzam Iqbal Sipra on tax reforms, services sales tax implementation, data sharing, and enhanced inter-provincial cooperation to improve revenue collection and broaden the tax base.
The Federal Tax Ombudsman Secretariat has clarified that the President of Pakistan has neither overturned FTO decisions nor curtailed its statutory powers. The President’s decision merely assigns the Federal Board of Revenue the responsibility to determine appropriate corrective procedures where irregularities are identified through FTO’s own-motion and inspection-based proceedings.
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called for an industrial emergency, citing soaring electricity costs, high taxes, and expensive credit that threaten to collapse Pakistan’s manufacturing sector, especially textiles. The body urged tax cuts, lower gas prices, reduced interest rates, and clearance of pending export refunds to restore competitiveness and protect jobs.
PPP Chairman Bilawal Bhutto Zardari has proposed devolving sales tax on goods to provinces, arguing that provincial revenue authorities like the Sindh Revenue Board have outperformed the FBR and can strengthen fiscal stability and economic self-sufficiency.