Islamabad: The Supreme Court of Pakistan has dismissed an appeal filed by Emaar DHA Islamabad Ltd regarding the taxation of agreements related to the sale of developed property, according to
Islamabad: Pakistan’s Federal Excise Duty (FED) collection reached Rs840.02 billion in FY2025-26, up 9.6% from Rs766.64 billion a year earlier. The increase amounts to around Rs73.38 billion, according to recently
Islamabad: Pakistan’s salaried class paid Rs91 billion in income tax during July-August FY2026-27, according to FBR data cited by The Express Tribune. The collection was Rs6.3 billion, or 7.5%, higher
Islamabad: Prime Minister Muhammad Shehbaz Sharif told a delegation of prominent industrialists and business leaders that the government recovered Rs800 billion through enforcement in one year without imposing new taxes.
Pakistan: Overseas Pakistanis filing an income tax return for Tax Year 2026 are being required through the current IRIS 2.0 filing workflow to provide details of immovable property they own
Islamabad: Pakistan has shut down around 2,500 illegal petrol pumps across the country as authorities intensify action against petroleum smuggling and unauthorised fuel sales. The figure was presented during a
Islamabad: Pakistan’s Finance Act 2026 has introduced a new banking-data reporting system under Section 165AB of the Income Tax Ordinance, 2001. Banks and Electronic Money Institutions (EMIs) are required to
Islamabad: FBR Member (Strategic Transformation) Dr. Hamid Ateeq Sarwar told a Senate Finance Committee subcommittee that the government is considering further reductions in the tax burden on businesses, including possible
Islamabad: The Federal Board of Revenue has updated Islamabad’s immovable property valuation framework through S.R.O. 1335(I)/2026, adding Sector E-8 to the relevant valuation table for federal tax purposes. Secondary reporting
Islamabad: The Pakistan Tax Bar Association has urged the Federal Board of Revenue to immediately restore the “Change in Particulars” facility, known as Form 181, for sales tax-registered persons on
