FBR Sets Timelines For Processing Deferred Sales Tax Refund Claims
FBR has introduced stage wise timelines for processing deferred sales tax refund claims through the FASTER system to reduce pending cases and speed up refunds.
ADB Announces Additional $200 Million Loan To Modernize Pakistan Revenue Administration
Asian Development Bank plans an additional $200 million loan to support Pakistan’s revenue administration reforms, digital infrastructure, tax compliance, cybersecurity, and data analytics.
FBR Collects Rs1.722 Trillion In First Two Months Of FY27, Beats Target By Rs12 Billion
Federal Board of Revenue collected Rs1.722 trillion in taxes during July and August 2026, exceeding its two-month target by Rs12 billion despite August collections falling short of the monthly target.
CCoP Seeks Alternative Circular Debt Financing Mechanism Before FESCO, GEPCO And IESCO Privatisation
Cabinet Committee on Privatisation directs Power and Finance divisions to develop an alternative to Circular Debt Financing before the privatisation of FESCO, GEPCO and IESCO.
PTBA Urges FBR to Fix IRIS Issues Before Tax Year 2026 Deadline
Pakistan Tax Bar Association urges FBR to resolve IRIS technical glitches, restore auto-save and simplify property details before the Tax Year 2026 filing deadline.
FBR Launches Simplified Tax Scheme For Small Shopkeepers With 1% Turnover Tax
FBR promotes a simplified tax scheme for small shopkeepers featuring digital registration, flexible payment options and a 1% turnover tax for registered retailers.
Pakistan Economy Shows Strong Growth As Ahsan Iqbal Highlights Key FY2026-27 Indicators
Ahsan Iqbal says Pakistan has entered a period of greater economic stability, with stronger remittances, exports, industrial activity and fiscal performance supporting transformation.
Pakistan’s Fiscal Deficit Narrows To 2.6% Of GDP In FY2026 On Higher Revenue And Lower Spending
Pakistan’s fiscal deficit narrowed to 2.6% of GDP in FY2026 from 5.4% a year earlier, supported by stronger revenue, lower expenditure and a sharp decline in mark up payments.
Lahore Tax Bar Association To Hold Practical Training Seminar On Online Tax Filing For TY 2026
Lahore Tax Bar Association will hold a practical seminar on online filing of income tax returns for Tax Year 2026 through IRIS, including the Asaan Small Traders Fixed Tax Scheme.
Pakistan Economy Faces Growth Risks Despite Expected Economic Uptick
SBP projects stronger economic activity in Pakistan, but structural reform delays, taxation, interest rates, exports and external risks could limit growth.