FBR July 2026 Revenue Reaches Rs810 Billion, Exceeds Monthly Target By Rs30 Billion
FBR collected Rs810 billion in July 2026, exceeding its monthly target by Rs30 billion as sales tax receipts rose 18 percent, although income tax collections remained below expectations.
FBR Directs Commercial Banks to Deduct Withholding Tax in Erstwhile FATA and PATA Regions
FBR issues directive to chief executive officers of commercial banks to enforce withholding tax deductions in erstwhile FATA and PATA areas following statutory tax changes.
FBR Introduces Final Tax Regime for Life Insurance and Takaful Proceeds Under Finance Act 2026
FBR enacts a Final Tax Regime imposing withholding tax on life insurance and takaful payouts, while exempting policies held for over four years and death claims.
National Savings Announces Rs 750 Prize Bond Results as Tax Rules Enforce Higher Payouts for Filers
The July 2026 draw for the 750 rupees prize bond in Lahore highlights key differences in tax deductions between active tax filers and non filers.
Federal Government Imposes Uniform Five Percent Tax on Social Media and Digital Platform Earnings
The newly implemented Finance Act 2026 removes Active Taxpayers List distinctions, enforcing a standard withholding tax for content creators and influencers.
FBR Demands Rs 2.2 Billion in Salary Tax Recovery From PIA
The FBR demands that Pakistan International Airlines immediately deposit over 2.217 billion rupees in withheld income tax deducted from employee salaries since mid-2025.
IMF Mission to Visit Pakistan in May for Finalizing 15.6 Trillion Rupee Tax Target
IMF mission scheduled for May 2026 to finalize Pakistan’s 2026-27 budget as the Fund sets an ambitious 15.564 trillion rupee tax collection target for the FBR.
Pakistan’s Bank Deposits-to-GDP Ratio Drops to Lowest Level Among Peers: SBP
Pakistan’s deposits-to-GDP ratio has dropped to its lowest among peer economies despite record financial inclusion, according to SBP. Weak deposit growth, inflation, taxation, and religious factors are driving savers toward alternative assets, raising concerns about long-term investment financing and financial stability.