ISLAMABAD: The Federal Board of Revenue (FBR) has collected Rs 151 billion, exceeding the target of Rs 137 billion. Therefore, the FBR received 17 percent more than the target. The Inland Revenue has maximum tax collection of Rs 133 billion till November 26. As many as Rs 18 billion has been collected under the head of customs duty. The major reason of maximum tax collection is the good performance of the Inland Revenue. Finance Minister Ishaq Dar is expecting not to review the target of current fiscal year. Spokesman and IR Policy Member Shahid Hussain Asad told Customs Today that the Pakistan Tehreek-e-Insaf’s possible sit-in of November 30 would not affect the revenue as Islamabad is not the hub of tax collection. However, it may affect the country’s economy, he added.
DG Valuation sets new customs values for imported almonds vide VR No.2065/2026
KARACHI: The Directorate General of Customs Valuation released Valuation Ruling No. 2065/2026, superseding the previous ruling issued in December 2024....
