–Afghan-Linked Cigarette Smuggling Network Poses a Serious Threat to Pakistan’s Economy and National Security BeNewz Report ISLAMABAD: A vast and highly organized network involved in the smuggling of Afghan-linked cigarette brands into Pakistan is depriving the national exchequer of billions of rupees in tax revenue every year while posing a …
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BeNewz Report ISLAMABAD: The Federal Board of Revenue (FBR) has carried out a major reshuffle in the Inland Revenue Service (IRS), transferring and posting more than 50 senior officers from BS-19 to BS-22 in an effort to strengthen tax administration and improve operational efficiency across the country. According to a …
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Aftab Maken ISLAMABAD: Pakistan’s economy ended fiscal year 2025-26 on a significantly stronger footing, recording its highest economic growth in four years, single-digit average inflation, and a current account surplus, according to the Finance Division’s Monthly Economic Update & Outlook for June 2026. The report, released by the Finance Division, …
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BeNewz Report ISLAMABAD: The federal government has announced a new fixed tax scheme for small shopkeepers, marking a significant step toward simplifying the country’s tax structure and improving compliance among small-scale traders. The announcement was made by Minister of State for Finance Bilal Azhar Kayani during a joint press conference …
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BeNewz Report SAHIWAL: A major tax evasion case has surfaced in Sahiwal after the Federal Board of Revenue (FBR) uncovered significant discrepancies in reported sales of a well-known fast-food outlet, leading to an immediate recovery of Rs 4 million in taxes. According to official sources, the Regional Tax Office (RTO) …
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BeNewz Report ISLAMABAD: Pakistan Customs has intensified its anti-smuggling campaign nationwide, seizing illegal goods worth Rs. 3.718 billion over the past two weeks as part of a coordinated crackdown launched under directives from the federal government and the Federal Board of Revenue. According to the Office of the Chief Collector …
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BeNewz Report ISLAMABAD: Pakistan faces stricter IMF conditions as 430 billion rupee tax plan emerges alongside sweeping fiscal tightening, higher energy levies, and expanded revenue enforcement measures affecting next fiscal year’s budget framework. The International Monetary Fund has placed eleven new conditions on Pakistan’s fiscal framework under ongoing economic reforms. …
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Attempts to conceal alleged financial irregularities and missing inventory BeNewz Report QUETTA: A massive fire erupted at a Pakistan Customs warehouse in the Lak Pass area of Balochistan on Sunday, injuring at least 37 people and destroying goods and vehicles worth billions of rupees, rescue officials said. The blaze triggered …
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Aftab Maken ISLAMABAD: The Federal Board of Revenue (FBR) temporarily sealed the Blue Area branch of Tehzeeb Bakers in Islamabad during an enforcement action linked to alleged tax compliance and invoicing irregularities, according to media reports and officials familiar with the matter. The action was reportedly taken as part of …
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–Pakistan’s tax authority falls behind revised collection goal in first 10 months, raising fiscal concerns Aftab Maken ISLAMABAD: Federal Board of Revenue (FBR) has failed to meet its revenue collection target during the first 10 months of fiscal year 2025-26, with a shortfall of Rs 683 billion, according to provisional …
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