Supreme Court Dismisses FBR Petitions Over Failure To Remove Office Objections Within Time
Pakistan’s Supreme Court has dismissed a large number of Federal Board of Revenue petitions, ruling that proceedings cannot become valid after statutory limitation expires when filing objections remain unresolved.
FBR And Business Groups Agree To Establish Joint Tax Facilitation Committees
Federal Board of Revenue has agreed to establish joint committees with major business bodies to resolve taxpayer grievances, improve tax processes, accelerate refunds and strengthen private sector engagement.
SECP Forms Working Group To Reform Pakistan’s Corporate Debt Market
SECP has formed a high-level Working Group to review Pakistan’s corporate debt market and recommend reforms to reduce issuance costs, shorten timelines and expand market participation.
FBR July 2026 Revenue Reaches Rs810 Billion, Exceeds Monthly Target By Rs30 Billion
FBR collected Rs810 billion in July 2026, exceeding its monthly target by Rs30 billion as sales tax receipts rose 18 percent, although income tax collections remained below expectations.
FBR Forms Three Independent Case Scrutiny Committees To Review Pending Tax Litigation
FBR has established three Independent Case Scrutiny Committees in Islamabad, Lahore and Karachi to review pending tax litigation, improve legal consistency and reduce unnecessary tax disputes.
Federal Tax Ombudsman Urges FBR To Launch Faceless Income Tax Refund System
The Federal Tax Ombudsman has recommended that FBR introduce a faceless income tax refund system allowing verified refunds to be transferred directly into taxpayers’ bank accounts through automated processing.
Ahsan Iqbal Stresses 15-Year Policy Continuity Essential for Pakistan Long-Term Economic Growth
Federal Minister Ahsan Iqbal highlights policy continuity, early childhood development, population management, and public health campaigns under Uraan Pakistan.
S&P Global Market Intelligence Predicts Cautious Monetary Policy for Pakistan as Interest Rate Holds at 11.5 Percent
S&P Global Market Intelligence expects the State Bank of Pakistan to maintain a cautious stance despite real GDP growth projected at 3.5 percent and reserves targeting 19.5 billion dollars.
FBR Waives Surcharge for First-Time Filers for Tax Year 2026 Return Submissions
FBR allows first-time tax filers to submit Tax Year 2026 returns and enter the Active Taxpayers List without paying the Rs 25000 surcharge.
SECP Approves Transfer of Askari Life Assurance Shareholding to Fauji Foundation
SECP approves the transfer of a 51 percent majority stake in Askari Life Assurance from Army Welfare Trust to Fauji Foundation under Insurance Ordinance guidelines.