FBR Reports 649 Billion Rupee Tax Shortfall as Revenue Growth Decelerates to 10 Percent
The Federal Board of Revenue faces a significant revenue gap in the first ten months of the fiscal year, with total collections reaching 10.261 trillion rupees.
IMF Executive Board Sets May 8 Meeting to Approve 1.2 Billion Dollar Disbursement for Pakistan
IMF prepares to release 1.2 billion dollars to Pakistan following successful program reviews, focusing on fuel levy targets and long term fiscal consolidation.
FBR Launches Special Audit into Misuse of Customs Cash Rewards and Inadmissible Payments
The Federal Board of Revenue initiates a nationwide audit of cash rewards paid to customs officials following AGP reports of Rs 484 million in inadmissible disbursements.
FBR Digitizes Sales Tax Credit Claims with New IRIS Feature for FTN Holders
The Federal Board of Revenue introduces a new IRIS feature allowing taxpayers to claim credit against sales tax withheld by FTN holders under the Sales Tax Act 1990.
FBR Links Over 12000 Major Retailers to POS System to Meet IMF Conditionality
The Federal Board of Revenue has accelerated the documentation of Pakistan’s retail sector by connecting 12,861 Tier-1 businesses to its digital invoicing system.
Salaried Class Tax Contribution Hits Rs365 Billion Outpacing Elite Sectors
FBR data reveals Pakistan salaried individuals paid Rs365 billion in taxes during July-February FY26, significantly more than retailers, real estate, and exporters.
Senate Committee Raises Concerns Over Undeclared Assets of FBR Officers as FBR Amendment Bill 2026 Gets Approval
Senate Standing Committee hears allegations of undeclared assets among FBR officers while approving the FBR Amendment Bill 2026 despite concerns about expanded powers for the FBR chairman.
Pakistan Petroleum Limited Challenges Rs 7.5 Billion in Tax Demands from FBR
Pakistan Petroleum Limited contests over Rs 7.5 billion in sales and income tax demands issued by FBR, files appeals while reviewing Federal Constitutional Court ruling on super tax.
Soneri Bank Flags Multi-Billion Rupee Tax Disputes in 2025 Annual Report Filed with PSX
Soneri Bank Limited discloses significant tax contingencies and ongoing disputes with FBR in its 2025 annual report, including windfall tax claims and multi-year assessments under appeal.
FBR Intensifies Anti-Smuggling Operations in Balochistan to Curb Illicit Trade
FBR directs stronger anti-smuggling action and faster resolution of traders’ issues during a two-day inspection of Pakistan Customs formations in Balochistan to protect revenue and trade.