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News
Irfan Javed Appointed DG Transit Trade by FBR
1+ day, 1+ hour ago (331+ words) FBR transfers and posts 64 Pakistan Customs officers to strengthen customs administration nationwide ISLAMABAD: The Federal Board of Revenue (FBR) has appointed Irfan Javed, a BS-20 officer of the Pakistan Customs Service (PCS), as the Director General, Directorate General of Transit…...
FBR offices to remain open on July 25-26 amid restructuring
2+ day, 13+ hour ago (362+ words) Six Inland Revenue field formations to operate over the weekend to complete record transfers and support organisational restructuring ISLAMABAD: The Federal Board of Revenue (FBR) has announced that several of its key Inland Revenue field formations will remain open on…...
FBR Collects Rs139 Billion Capital Gains Tax in FY26
3+ day, 3+ hour ago (400+ words) Capital gains tax revenue surges 184% as record Pakistan Stock Exchange trading drives historic collections KARACHI: The Federal Board of Revenue (FBR) collected nearly Rs139 billion in Capital Gains Tax (CGT) on the disposal of securities during fiscal year 2025-26 (FY26), registering a remarkable…...
Karachi Pays Rs26bn Income Tax via Electricity Bills
3+ day, 3+ hour ago (377+ words) Advance income tax collection falls 23% as growing rooftop solar adoption reduces grid electricity consumption KARACHI: Consumers in Karachi paid more than Rs26 billion in advance income tax through their electricity bills during fiscal year 2025-26 (FY26), according to provisional data available with PkRevenue....
FTO makes online hearings default for tax complaints
3+ day, 19+ hour ago (371+ words) Tax Ombudsman shifts to virtual proceedings to speed up complaint resolution, with physical hearings reserved for requests and complex cases ISLAMABAD: The Federal Tax Ombudsman (FTO) has made online hearings the default mode for resolving tax complaints at its headquarters…...
Punjab tightens active taxpayer rules under Finance Act 2026
1+ week, 1+ day ago (530+ words) New law links active taxpayer status to timely return filing, input tax claims, government licences and public procurement contracts. LAHORE: The Punjab government has introduced a stricter definition of an active taxpayer through the Punjab Finance Act, 2026, making timely filing…...
Punjab Finance Act 2026 tightens input tax adjustment rules
1+ week, 1+ day ago (501+ words) Punjab reduces the input tax adjustment cap to 80% and introduces a 12-month phased adjustment for capital goods under new sales tax reforms. LAHORE: The Punjab government has introduced stricter rules for input tax adjustment under the Punjab Finance Act, 2026, reducing…...
FBR Notifies Transfers of IRS Officers in BS-19 to BS-22
1+ week, 1+ day ago (382+ words) The Federal Board of Revenue (FBR) has notified the transfers and postings of senior officers of the Inland Revenue Service (IRS) in grades BS-19 to BS-22 with immediate effect and until further orders. The reshuffle covers key positions at FBR…...
FBR waives Rs4.47bn PIA tax surcharges, penalties
1+ week, 1+ day ago (423+ words) Relief covers penalties on sales tax and federal excise duty dues while principal liabilities remain payable ISLAMABAD: The Federal Board of Revenue (FBR) has waived default surcharge and penalties imposed on Pakistan International Airlines Corporation Limited (PIACL) against outstanding sales…...
FBR introduces final tax on life insurance payouts to individuals
1+ week, 2+ day ago (388+ words) Finance Act, 2026 imposes withholding tax on certain life insurance and family takaful payments while exempting death, disability and long-term policy proceeds. ISLAMABAD: The Federal Board of Revenue (FBR) has introduced a Final Tax Regime (FTR) for certain life insurance and…...