FBR Introduces E-Scrutiny System for Sales Tax Returns Through IRIS
The FBR has introduced an electronic scrutiny mechanism for sales tax returns, allowing its computerised system to identify discrepancies and issue online advice or advance intimations through IRIS before legal or penal proceedings.
Pakistan Maintains Rs196.3bn Primary Surplus as Interest Payments Drive Fiscal Deficit
Pakistan maintained a Rs196.3 billion primary surplus in July FY2027, while higher interest payments pushed the consolidated fiscal deficit to Rs596.6 billion.
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.
FBR IRIS System Glitches Disrupt Sales Tax Return Filing, PCDMA Seeks Urgent Resolution
Pakistan Chemicals & Dyes Merchants Association warns that technical issues in FBR’s IRIS system are delaying Sales Tax Returns and creating compliance risks for registered taxpayers.
FBR Signals Further Tax Relief, Hints At Possible Withdrawal Of Super Tax
Federal Board of Revenue signals further tax relief for businesses, including possible withdrawal of super tax and reduction in sales tax amid concerns over costs and investment.
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.