Business FBR Tax Collection Pakistan Collects Over Rs476 Billion Through Electricity Bills in FY2025-26 July 30, 2026 The Universe The Federal Board of Revenue (FBR) collected more than Rs476 billion in taxes through electricity bills during the 2025-26 fiscal year, officials informed the Senate Standing Committee on Finance on…
Business FBR Tax Scheme Small Retailers to Pay 1% Tax Under New Procedure July 28, 2026 The Universe The Federal Board of Revenue (FBR) has introduced a special tax procedure for small retailers, aiming to simplify tax compliance during Tax Year 2026. Israel-Lebanon Talks Rome to Host Next…
Business Finance Bill Proposes New Tax on Digital Earnings June 14, 2026 The Universe The Finance Bill 2026 proposes a new withholding tax framework for digital earnings by introducing Section 154B into the Income Tax Ordinance, 2001. KATI Welcomes Budget Measures, Seeks Stronger Industrial…
Pakistan Federal Constitutional Court Strikes Down Section 7E of Income Tax Ordinance May 7, 2026 The Universe The Federal Constitutional Court has declared Section 7E of the Income Tax Ordinance null and void, rejecting all appeals filed by the Federal Board of Revenue (FBR) seeking restoration of…
Business FBR Files Money Laundering Case Over Rs7.5bn Settlement Linked to Karachi Pharma Firm May 2, 2026 The Universe Federal Board of Revenue (FBR) has registered a First Information Report (FIR) alleging money laundering involving billions of rupees paid through the account of a non-profit organisation linked to a…
Latest FBR Personnel Complete Specialized Security Course at SSU Chowkandi Headquarters January 30, 2026 The Universe A passing out parade for Federal Board of Revenue (FBR) personnel was held on January 30, 2026, at the Special Security Unit (SSU) Chowkandi Headquarters, marking the successful completion of…
Pakistan FCC Upholds Super Tax, Declares Sections 4B and 4C Constitutional January 29, 2026 The Universe The Federal Constitutional Court (FCC) has upheld the legality of the super tax, ruling that Sections 4B and 4C of the Income Tax Ordinance (ITO) 2001 are constitutional and do…
Business IMF Urges Pakistan to Complete Super Tax Recoveries Within One Month After Supreme Court Ruling January 28, 2026 The Universe The International Monetary Fund (IMF) has urged the Pakistan government to complete all pending super tax recoveries within one month following the Supreme Court’s verdict in favour of the levy,…
Business FBR to Set Up Digital Enforcement Stations to Crack Down on Smuggling January 13, 2026 The Universe The Federal Board of Revenue (FBR) has decided to establish Digital Enforcement Stations across the country as part of a major initiative to curb smuggling and illegal trade. Nora Fatehi…
Business Salaried Class Remains Pakistan’s Largest Tax Contributor in First Half of Fiscal Year: FBR January 6, 2026 The Universe ISLAMABAD: The salaried class continues to shoulder the largest share of Pakistan’s tax burden, contributing significantly more to national revenue during the first six months of the current fiscal year,…
