FBR Appointed as Collection Agent for Petroleum Development and Climate Support Levies
The Federal Board of Revenue initiates new Sales Tax Rules to manage Petroleum Development Levy and Climate Support Levy collection via a standardized invoice system.
Federal Government Grants PKR 8.77 Billion Tax Waiver to Support PIA Privatization
The Federal Board of Revenue waives PKR 8.77 billion in penalties and surcharges for Pakistan International Airlines to facilitate its post-privatization transition.
APTMA Submits Bold Budget Proposals to Scrap Super Tax and Revive Textile Export Competitiveness
The All Pakistan Textile Mills Association urges the government to reduce taxes and duties in the FY2026-27 budget to save the struggling textile industry from collapse.
FBR Reports 649 Billion Rupee Tax Shortfall as Revenue Growth Decelerates to 10 Percent
The Federal Board of Revenue faces a significant revenue gap in the first ten months of the fiscal year, with total collections reaching 10.261 trillion rupees.
Pakistan Authorizes Transit Trade to Iran with New Regional Connectivity Framework
The Ministry of Commerce has issued the Transit Trade to Iran Order 2026, establishing legal corridors for third-country goods to reach Iran via Pakistan.
Pakistan Budget 2026 Tax Reforms And Trader Outreach Initiatives
Minister Bilal Azhar Kayani meets Sialkot and Gujranwala business leaders to discuss 2026 federal budget taxation reforms and ease of doing business.
Finance Minister Muhammad Aurangzeb Briefs US Business Leaders on Economic Reforms and IMF Progress
During the 2026 World Bank IMF Spring Meetings Finance Minister Muhammad Aurangzeb detailed Pakistan macroeconomic stability and new investment opportunities to US investors.
FBR Reports 610 Billion Rupee Revenue Shortfall for July-March Fiscal Period
The Federal Board of Revenue faces a significant revenue collection gap of Rs 610 billion against revised targets for the first nine months of the fiscal year 2025-26.
FBR and Jewelry Association Deadlock Over Section 175C Monitoring Powers
Negotiations between the FBR and APGJA end without agreement as jewelry traders protest the stationing of tax officials at business premises for real-time monitoring.
FBR Mandates 72 Hour Deadline for Digital Invoice Edits to Curb Tax Evasion
The Federal Board of Revenue enforces a strict three day window for electronic invoice modifications while allowing businesses to use multiple licensed integrators.