APTMA Submits Bold Budget Proposals to Scrap Super Tax and Revive Textile Export Competitiveness
The All Pakistan Textile Mills Association urges the government to reduce taxes and duties in the FY2026-27 budget to save the struggling textile industry from collapse.
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.
Punjab Revenue Authority Scales Service Tax Collection Through Digital Monitoring
Punjab Revenue Authority records a 33% year-on-year growth in sales tax collection for March 2026 driven by administrative reforms and the Large Taxpayer Unit.
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.
IMF Proposes Record Rs15.6 Trillion Tax Target for Pakistan Amid Fiscal Deadlock
The IMF suggests a Rs15.6 trillion tax target and new levies on fuel and solar users for Pakistan’s FY27 budget, sparking intense negotiations with federal authorities.
FBR Records Highest-Ever December Tax Collection as Finance Minister Calls for Wider Tax Net
Finance Minister Muhammad Aurangzeb has urged the FBR to intensify tax enforcement and broaden the tax base after Pakistan recorded its highest-ever December tax collection, reflecting progress in fiscal reforms and compliance measures.
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.
FBR Announces Major Reshuffle in Inland Revenue Leadership to Strengthen Tax Operations
The Federal Board of Revenue has appointed new officials to critical Inland Revenue roles, including Member IR Operations and Acting Chief LTO Karachi, while Member IR Dr. Hamid Atiq undergoes treatment following an injury.
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.