Federal Board of Revenue Introduces Simplified Income Tax Regime for Small Shopkeepers in Tax Year 2026
FBR launches an optional tax scheme for individual shopkeepers with turnover up to 200 million rupees, fixing tax at 1 percent.
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.
FBR Reports 610 Billion Rupee Revenue Shortfall for July-March Fiscal Period
The Federal Board of Revenue faces a significant revenue collection gap of Rs 610 billion against revised targets for the first nine months of the fiscal year 2025-26.
FBR Chairman Acknowledges High Salary Tax Burden, Stresses Need for Compliance
FBR Chairman Rashid Langrial admits Pakistan’s salaried class faces higher tax burden than regional peers, urging improved compliance and broader tax base.
FBR Appoints New Leadership for Inland Revenue Service to Strengthen Tax Operations
The Federal Board of Revenue (FBR) has appointed new members to key positions in the Inland Revenue Service, including Income Tax, Federal Excise, and Sales Tax, aiming to enhance operational efficiency and strategic oversight across Pakistan.
Overseas Investors Chamber of Commerce and Industry urges Federal Board of Revenue to release Rs96.6 billion in pending tax refunds to ease liquidity pressure on foreign investors
The Overseas Investors Chamber of Commerce and Industry has called on the Federal Board of Revenue to expedite Rs96.6 billion in pending tax refunds, warning that delays are hurting liquidity, business planning, and investor confidence in Pakistan’s economy.
AGP Report Highlights Major Discrepancies in Tax and Refund Data Between FBR and SBP
The Auditor General of Pakistan has identified significant discrepancies of billions of rupees between the Federal Board of Revenue and State Bank of Pakistan’s tax collection and refund figures for FY 2023-24, raising concerns over data accuracy and financial transparency.
Hyderabad Chamber Requests 48-Day Extension For Income Tax Filing Amid IRIS Portal Issues
HCSTSI urges federal government to extend income tax filing deadline by 48 days due to IRIS portal malfunctions and flooding in Punjab, KPK, and Sindh, citing hardships for traders and salaried taxpayers.
FBR misses FY25 tax target despite record Rs. 11.7 trillion collection driven by enforcement
FBR collected a record Rs. 11.7 trillion in FY25, up 26% over last year, yet fell short of its Rs. 12.3 trillion target. Strong enforcement and policy actions helped narrow the gap amid slower economic growth.