taxation

Shehbaz Sharif sets December 31 deadline for automated production monitoring systems

The initiative aims to capture the country's full tax potential by tracking manufacturing output across diverse industrial sectors.

Punjab Revenue Authority orders crackdown on fake receipts and tax evasion

The PRA issued notices to over 70 restaurants and ordered immediate action against food chains refusing digital payments or using fake receipts.

FBR to launch tax monitoring systems across 18 sectors by December 2026

The initiative aims to broaden the tax net and follows enforcement measures that boosted revenue by Rs. 1.3 trillion over three years.

Malik states government needs multilateral input to change petroleum levy targets

The Minister noted that regional tensions impact fuel supply, while refineries are working to digitise the supply chain.

FBR raises customs values for imported almonds, revising previous rulings

The changes affect shelled, soft shell, and hard shell varieties, impacting import costs across Pakistan.

FBR imposes new conditions for claiming electronic resource tax credits

The Federal Board of Revenue issued a notification detailing stricter requirements for claiming tax credits related to electronic resource investments.

Lionsgate secures $30.8 million tax incentive for Michael sequel

The $226 million total incentive pool supports 35 films, including 28 independent projects.

KSE-100 Index fell over 2,300 points Monday amid local political uncertainty

Four FBR personnel killed in separate firing incidents across Dera Ismail Khan

One incident near Bannu Road resulted in a constable's death and a policeman's injury.

FBR proposes waiving surcharge for late filers joining Active Taxpayers’ List

The proposal allows late filers to join the ATL without the usual surcharge, provided they commit to a six-month property restriction.

Trump signs order expanding tax-exempt diesel fuel access for US users

The directive defers federal excise tax payments and aims to secure diesel access for farmers and industry.

Excise and Taxation Office-II Peshawar recovers Rs 77 million in property tax revenue

The recovery significantly surpassed the set target, prompting directives to strengthen inter-departmental cooperation for future collections.

Canal+ Group may withdraw €1 billion film investment amid French finance bill changes

The proposed finance bill also includes measures affecting public broadcasting funding, cutting France Télévisions' subsidies by €47 million.

FBR empowers detailed wealth statements for Tax Year 2027 compliance

The new requirements mandate comprehensive reporting on assets, liabilities, and expenditures, significantly broadening the tax net.

FBR Chairman stresses export economy needs domestic inputs for growth

Improving export capacity requires local sourcing of raw materials and skills to sustain any currency advantage.

Xiaomi launches Redmi 17C 5G featuring 6,000mAh battery and 50MP main camera

The new device boasts a large display, expandable storage, and runs on HyperOS 3 with Google AI features.

KPRA collects Rs13.123 billion in Q1 FY26-27 revenue

The decline in IDC collection reflects a cumulative revenue shortfall of Rs1.785 billion due to the Afghan border closure.

FBR launches nationwide market mapping starting Friday to boost tax compliance

The initiative aims to formalise the tax status of numerous small businesses, addressing historical non-compliance issues.

Banks extend hours Wednesday for government tax payments, State Bank confirms

The measure, requested by the FBR, ensures continuous digital and physical access for tax compliance on September 30.

MTBA urges PM Sharif to limit FBR powers amid tax collection concerns

The trade body expressed worry that tax authorities are using enforcement powers to secure immediate revenue targets from businesses.

FBR uncovers Rs 9.41 billion fraud, registers money laundering case

The investigation, using database analysis, flagged 85 taxpayers who revised statements outside legal timeframes.

Special tax scheme for small shopkeepers begins implementation stages

FBR is actively working to address practical or technical issues encountered during the registration process.

FBR raises penalties for late tax filing; deadline remains September 30

The government abolishes the late-filer category from October 1, increasing penalties for individuals and corporations.

WB and PRA agree to use digital systems to expand Punjab's tax base

A World Bank (WB) delegation met with Punjab Revenue Authority (PRA) Chairman Moazzam Iqbal Sipra in Lahore on 28 September 2026.