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Banks to observe extended hours for tax collection on May 29-30

Banks across Pakistan will remain open for extended hours on Friday and Saturday, May 29 and 30, 2026, to facilitate over-the-counter payment of government duties and taxes, following a request by the Federal Board of Revenue (FBR).

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Banks to remain open this weekend for tax collection

The State Bank of Pakistan has directed all commercial banks to remain open from 9:00 AM to 3:00 PM on Saturday and Sunday, May 23 and 24, 2026, to facilitate over-the-counter (OTC) payment of government duties and taxes.

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FBR keeps tax offices open this weekend

FBR has directed all its field offices nationwide to remain open this weekend, on Saturday and Sunday, May 23–24, 2026, treating both days as regular working days for the collection of duties and taxes.

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FBR imposes 72-hour cap on E-invoice edits

The Federal Board of Revenue (FBR) has imposed a strict 72-hour limit for any cancellation, deletion, or amendment of electronic sales tax invoices, in a sweeping move to tighten compliance and curb post-reporting adjustments under Sales Tax General Order No. 01 of 2026.

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PM directs FBR to trace tax evaders

The Federal Board of Revenue (FBR) has been directed by Prime Minister Shehbaz Sharif to utilise its workforce and engage the private sector to trace tax-evading individuals and companies.

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FBR rolls out key tax amendments under Finance Act 2025

The Federal Board of Revenue (FBR) has officially launched a phased rollout of electronic invoicing (e-invoicing) for registered persons under the Sales Tax Act, 1990.

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FBR proposes key Customs Amendments to streamline EFS

The Federal Board of Revenue (FBR) has proposed comprehensive amendments to the Customs Rules, 2001. These revisions, spanning multiple tax and excise laws, aim to enhance regulatory clarity and streamline the operations of the Export Facilitation Scheme (EFS).

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FBR extends sales tax returns deadline to August 4

The Federal Board of Revenue (FBR) has extended the deadline for submission of Sales Tax and Federal Excise Returns for the tax period of June 2025 to August 4, 2025.

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Ghee makers threaten shutdown amid tax dispute

The Pakistan Vanaspati Manufacturers Association (PVMA) has issued a 48-hour ultimatum to the government, demanding the withdrawal of certain powers granted to the Federal Board of Revenue (FBR) or face an indefinite halt in ghee production nationwide.

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Government prioritizes tax reforms to boost revenue

The government has prioritized tax system reforms as a central part of its agenda to enhance national revenue and ease the financial burden on the common man.

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