PM Shehbaz Urges FBR to Foster Business-Friendly Environment and Strengthen Tax Compliance Islamabad – Prime Minister Shehbaz Sharif chaired a high-level session on reforms in the Federal Board of Revenue (FBR), urging the institution to create a business-friendly environment and provide maximum support to taxpayers. Highlighting the importance of regular taxpayers as the backbone of […]
Salaried Pakistanis Drive Income Tax Growth Despite Overall Shortfall ISLAMABAD — Even as monthly tax collections fell short by Rs50 billion, salaried Pakistanis stepped up, significantly boosting income tax revenues. According to the Federal Board of Revenue (FBR), from July to August 2025, the salaried class paid Rs85 billion in income tax — up from […]
FBR Launches Simplified Electronic Income Tax Return Form for 2025 ISLAMABAD – The Federal Board of Revenue (FBR) has officially rolled out the simplified electronic income tax return form for the fiscal year 2025, media reports say. The new form, finalized under SRO 1561 of 2025 after a 40-day public consultation, is currently available only […]
FBR Targets Key Sectors in Major Audit Drive ISLAMABAD – The Federal Board of Revenue (FBR) has launched a major audit initiative targeting a wide range of industries in a bid to strengthen tax oversight and boost compliance. The sectors under scrutiny include automotive, aviation, banking, beverages, cement, ceramics, chemicals, coal, departmental stores, edible oil, […]
According to official documents, if non-filers withdraw more than PKR 50,000 daily from bank accounts, they will now face a 0.8% withholding tax on their transactions, up from the previous 0.6% rate. The new revised tax rules focus on undocumented cash transactions and encourage individuals to file tax returns. Earlier, the Senate’s Finance Committee had […]
Govt Clamps Down on Arbitrary Tax Actions, Adds Business-Friendly Safeguards In a major relief to the business community, the Federal Board of Revenue (FBR) has issued a new directive that significantly curtails the unchecked powers of tax officials when dealing with businesspersons. According to the official notification, tax officers can no longer take action against […]
FBR Collects Rs. 755 Billion in July, Beats Monthly Target The Federal Board of Revenue (FBR) has collected Rs. 755 billion in July 2025, going beyond its target of Rs. 748 billion, according to sources. This shows the government is focusing more on collecting taxes and increasing revenue. July Tax Breakdown: Income Tax: Rs. 324 […]
According to reports, initially, the distribution will begin on a trial basis, with Pakistan Post employees delivering bills in one sub-division of each DISCO (Distribution Company). If the pilot project proves successful, the initiative will be gradually expanded to cover all regions. Talks are currently ongoing with K-Electric to include it in the bill distribution […]
Sales Tax Fraud in Pakistan Surpasses Rs700 Billion, Says FBR Chairman ISLAMABAD – The Chairman of the Federal Board of Revenue (FBR) has revealed that Pakistan faces an alarming scale of sales tax fraud, with estimated losses exceeding Rs700 billion—far higher than in many other countries. While briefing a subcommittee of the National Assembly’s Public […]
He was responding to the rumours that the strike had been cancelled or postponed. KCCI president clarified that the strike has neither been postponed nor cancelled. Bilwani stated that any decision regarding deferment or cancellation of the strike would only be made in consultation with chambers of commerce from all four provinces. He dismissed circulating […]
