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.
In the super tax case, the FCC heard arguments that each “block” of a Special Tax Year should be taxed according to the law in force on its last day. Advocates highlighted that retrospective application of Section 4C of the Income Tax Ordinance could unfairly extend liability and prejudice Special Tax Year holders. Arguments by Farogh Naseem and Adnan Haider concluded, with Ahmed Jamal Sukhera set to present his case next.
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 Federal Board of Revenue (FBR) has announced that all major shipping lines in Pakistan are now applying official bank exchange rates for shipping charges, marking a historic step to end inflated and arbitrary fees. This move is expected to lower costs for exporters and improve transparency across the industry.
The Federal Board of Revenue (FBR) has issued a show-cause notice to AHG Flavours, the company behind Baskin-Robbins Pakistan, over alleged benami investments totaling Rs 32.275 million. The notice initiates legal proceedings under the Benami Transactions (Prohibition) Act, 2017, allowing the company to respond before further action is taken.
Senior officials of the Khyber Pakhtunkhwa Revenue Authority (KPRA) felicitated newly appointed DG Ms. Irum Naz, presenting her with a shield. The DG emphasized teamwork, pledged to strengthen KPRA’s operations, and vowed to meet and exceed government-assigned revenue targets.
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.