PSX Generates Nearly Rs109 Billion in Capital Gains Tax During 10MFY26
PSX rally helps FBR collect nearly Rs109 billion in Capital Gains Tax during 10MFY26 amid strong market activity.
Latest Tax News
FBR Revises Customs Values for Textile Lining Imports from China
Pakistan Customs revises import valuation for textile lining and invisible coated lining fabric from China after decline in global market prices.
Traders Endorse Simplified Tax Scheme Ahead of FY27 Budget
Proposed simplified tax scheme for traders in the upcoming FY27 budget with Rs25,000 minimum annual tax.
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.
FBR Revises Customs Values on Artificial Jewelry Imports from China
FBR revises customs values on artificial jewelry imports from China and other countries to update duty and tax assessment under new valuation ruling.
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.
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.
FBR Faces 30% Decline in Electricity Withholding Tax Collection
Solar energy adoption and lower power consumption reduce tax receipts under electricity bills.