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FBR Explains Petroleum Tax Exemption and Levy Impact

15-Jul-2026
The Federal Board of Revenue (FBR) has clarified that the government's exemption of petroleum products from sales tax does not eliminate the overall tax burden on consumers, as these products continue...
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FBR Explains Petroleum Tax Exemption and Levy Impact

FBR Proposes Fixed Tax Scheme for Small Shopkeepers

15-Jul-2026
The Federal Board of Revenue (FBR) has issued a draft special tax procedure for small shopkeepers, proposing a simplified fixed tax regime aimed at bringing more than three million retailers into the ...
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FBR Proposes Fixed Tax Scheme for Small Shopkeepers

LHC Allows Judges to Buy Official Vehicles at Subsidised Prices

15-Jul-2026
The Lahore High Court (LHC) has approved a scheme allowing nearly 2,000 judicial officers across Punjab to purchase their officially allotted government vehicles at subsidised prices ranging between R...
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LHC Allows Judges to Buy Official Vehicles at Subsidised Prices

Petrol Pump Owners Oppose Daily Fuel Price Revision Plan

15-Jul-2026
The All Pakistan Petroleum Pump Owners Association (APPPOA) has opposed reports suggesting that the federal government is considering the introduction of daily petroleum price revisions, warning that ...
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Petrol Pump Owners Oppose Daily Fuel Price Revision Plan

OICCI Urges FBR to Release Rs103 Billion Refunds

15-Jul-2026
The Overseas Investors Chamber of Commerce and Industry (OICCI) has urged the Federal Board of Revenue (FBR) to expedite the release of approximately Rs103 billion in outstanding tax refunds owed to i...
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OICCI Urges FBR to Release Rs103 Billion Refunds

Senate Directs FBR to Develop Tax Data Sharing Framework

14-Jul-2026
A Senate sub-committee has instructed the Federal Board of Revenue (FBR) to formulate a lawful mechanism for providing Parliament with consolidated tax information while ensuring compliance with taxpa...
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Senate Directs FBR to Develop Tax Data Sharing Framework

Pakistan Auto Sales Surge 41% in FY2025-26

14-Jul-2026
Pakistan’s automobile industry recorded its second consecutive year of expansion during FY2025-26, with overall vehicle sales increasing by 41% to approximately 1.63 million units, supported by lowe...
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Pakistan Auto Sales Surge 41% in FY2025-26

Senate Seeks FBR Report on FATA, PATA Tax Exemptions

14-Jul-2026
A Senate sub-committee has raised concerns over the Federal Board of Revenue’s (FBR) administration of tax exemptions available to industries operating in the erstwhile Federally Administered Tribal...
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Senate Seeks FBR Report on FATA, PATA Tax Exemptions

KCA Awaits Possession Despite Sindh High Court Order

14-Jul-2026
The Karachi Cotton Association (KCA) has stated that it remains unable to regain access to its Exchange Building despite a Sindh High Court order permitting the association to retain possession of the...
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KCA Awaits Possession Despite Sindh High Court Order

Lahore Retail Prices Continue to Exceed Official Rates

13-Jul-2026
Consumers in Lahore continued to pay significantly higher prices for essential food items than those notified by the government, as many retailers reportedly ignored official price lists despite recen...
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Lahore Retail Prices Continue to Exceed Official Rates
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