The Supreme Court has clarified that vehicles used to transport smuggled goods cannot be released against payment of a fine, following SRO 499(I)/2009. Confiscation is now mandatory, and prior tribunal and PHC rulings allowing redemption fines have been set aside.
The FBR has directed textile spinners to install video analytics systems for real-time monitoring of cotton bale processing amid a crackdown on undocumented ‘Gol Mall’ cotton. All units must deploy the approved surveillance and analytics setup by December 31, 2025, with field formations prioritizing high-risk spinners.
The FBR has increased the maximum meritorious award for inland revenue officials to 24 salaries per year and approved a new performance-based evaluation system for officers and staff. The IT-driven framework will ensure transparency and timely quarterly rewards, while Customs Reward Rules remain unchanged.
The FBR has announced a partnership with KATI to trace and enroll non-filers while assuring industry that compliant taxpayers will be facilitated, not harassed. During a visit to KATI, the Chief Commissioner highlighted plans for awareness sessions, improved audit capacity, and coordinated efforts to broaden the tax base as industrialists urged action against non-filers and sought extensions on digital invoicing compliance.
Honda Atlas Cars reported a sharp rise in profits and taxes during the first half of FY2025, paying over Rs1 billion in income tax as after-tax profit jumped 241% to Rs1.57 billion, while earnings per share increased to Rs11.
The FBR has established new check posts to oversee goods entering taxable regions from tax-exempt areas like AJK and Gilgit-Baltistan. Vehicles must carry proper documentation, or goods and vehicles may be seized, with penalties issued within 15 days.
PESHAWAR: The Collectorate of Customs Enforcement Peshawar has foiled a major attempt to smuggle goods valued at more than Rs51 million. Officials in Dera Ismail Khan intercepted a truck […]
The Federal Board of Revenue has refused to remove surveillance cameras installed at four Chinese tile factories, despite complaints that the equipment exposes confidential production methods. During a Senate committee meeting, FBR officials said the cameras are essential to verify output in a sector where tax evasion is estimated to cost the state billions each year. The companies maintain that the monitoring threatens their trade secrets, raising concerns over investor confidence and regulatory predictability.
LAHORE:
British High Commission delegation held talks with Punjab Revenue Authority Chairman Moazzam Iqbal Supra on improving tax collection and strengthening enforcement of sales tax laws. Discussions included collaborative initiatives in banking, telecom, IT, and insurance sectors, and the formation of a joint technical platform to boost provincial revenue.
The Federal Board of Revenue has detected nearly Rs30 billion in annual Sales Tax evasion in Pakistan’s tile industry and will now install a four-camera monitoring system to track production in real time. FBR Chairman Rashid Langrial warned that manufacturers refusing installation may face shutdowns, as the authority no longer trusts self-reported data. The move follows successful monitoring in the sugar and cement sectors and comes amid a 32% rise in national Sales Tax collection for FY 2024–25.