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 Pushes Data-Driven Governance and Structural Reforms at NSPP Strategic Policy Dialogue
Finance Minister Muhammad Aurangzeb outlines Pakistan’s structural reform agenda at NSPP, focusing on fiscal sustainability, tax base expansion, transparency, and data-driven governance.
Pakistan Salaried Class Income Tax Rises 10% to Rs315 Billion in FY26 Amid Skilled Workforce Exodus
Income tax contributions from Pakistan’s salaried class surge 10% to Rs315 billion in seven months of FY26, with non-corporate and corporate employees leading payments, while skilled professionals continue leaving the country.
PM Shehbaz Sharif to Meet IMF Chief in Switzerland to Seek Major Economic Relief Package
Prime Minister Shehbaz Sharif is set to meet IMF Managing Director Kristalina Georgieva in Switzerland to seek support for a large tax and economic relief package aimed at reviving industry and easing pressures on citizens.
FBR Scrutiny of Top Exporters Sparks Concern Over Pakistan’s Export-Led Growth Strategy
Pakistan’s FBR has ordered scrutiny of tax records of 480 leading exporters following changes in export taxation, triggering concern among business groups over harassment and risks to export-led growth.
Pakistan Launches Economic Governance Reforms as PM Cites Record Low Inflation and Reserve Growth
Prime Minister Shehbaz Sharif launches Pakistan’s Economic Governance Reforms, highlighting record-low inflation, rising reserves, fiscal discipline, and a shift from crisis management to sustainable growth.
FBR Mandates Online Filing for Individual Taxpayers Under New Income Tax Rules
The Federal Board of Revenue (FBR) introduces amendments to the Income Tax Rules 2002, requiring individual taxpayers to electronically submit income tax returns and withholding statements, aiming to modernize tax administration and streamline processes.
Finance Division Takes Control of Tax Policy as Government Restructures FBR’s Role
In a major policy shift, the government of Pakistan has officially transferred responsibility for tax policy from the Federal Board…
FBR Launches Transformative Plan to Raise Pakistan’s Tax-to-GDP Ratio to 18%
The Federal Board of Revenue (FBR) has unveiled a comprehensive transformation roadmap aimed at increasing Pakistan’s tax-to-GDP ratio from 10.24% to 18% through digitization, institutional reforms, and enhanced human capital.
PBA Chairman Zafar Masud Calls for Urgent Tax Reforms to Ease Pressure on Pakistan’s Banking Sector
Zafar Masud, Chairman of the Pakistan Banks’ Association, stresses the critical need for tax reforms and a broader tax base to relieve mounting pressure on banks and secure Pakistan’s long-term economic resilience.