FBR
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Business
FBR Seals Luxury Watch Outlets in Karachi for Tax Evasion
The Federal Board of Revenue (FBR) has sealed three luxury watch outlets in Karachi. The businesses were accused of tax…
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Business
FBR Updates Property Valuation Criteria for Karachi
The Federal Board of Revenue (FBR) has updated its criteria for valuing various types of properties in Karachi, including commercial,…
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Business
Govt Mulls Federal Excise Duty on Sugar Amid Revenue Shortfall
Islamabad: The Pakistan government is considering imposing a Federal Excise Duty (FED) on sugar to address a tax shortfall, news…
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Business
FBR Chairman Admits Corruption in Department
Federal Board of Revenue (FBR) Chairman Rashid Langrial acknowledged ongoing corruption within the department on Tuesday. He made the admission…
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Business
PM Shehbaz Sharif Directs Swift Resolution of FBR’s Tax Cases
Prime Minister Shehbaz Sharif has directed authorities to expedite the Federal Board of Revenue’s (FBR) legal efforts to conclude under-trial…
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Business
Salaried Class Becomes Third-Largest Tax Contributor in Pakistan
The salaried class has become the third-largest contributor to Pakistan’s tax revenue, with a nearly 40% rise in tax collection…
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Business
FBR Initiates Process for New Cargo Tracking System
The Federal Board of Revenue (FBR) has started issuing a new Expression of Interest (EOI) to select companies for advanced…
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Business
Federal Government Faces Rs80-90 Billion Tax Target Shortfall for December
ISLAMABAD: The federal government is bracing for a tax revenue shortfall of Rs80-90 billion in December 2024, despite recent measures…
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Business
ECC Approves Rs3.7 Billion Restructuring Plan for PRAL
The Economic Coordination Committee (ECC) has approved a comprehensive restructuring plan for Pakistan Revenue Automation Limited (PRAL). The committee has…
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Business
FBR to Launch Faceless Customs Assessment System in Karachi
The Federal Board of Revenue (FBR) will launch the Faceless Customs Assessment (FCA) system in Karachi on Sunday. The move…
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Business
FBR Investigates Startups from Shark Tank Pakistan for Tax Discrepancies
ISLAMABAD: Startups that participated in the first season of Shark Tank Pakistan are under investigation by the Federal Board of…
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Pakistan
FBR Launches Fee-Less Customs Assessment System in Karachi
The Federal Board of Revenue (FBR) has introduced a Fee-Less Customs Assessment (FCA) system to modernize customs operations in Karachi.…
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Business
Govt Plans Tax Relief for Salaried Class, Targets Cigarette Tax Evasion
ISLAMABAD: Minister of State for Finance and Revenue, Ali Pervaiz Malik, announced Thursday that the government aims to reduce the…
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Business
FBR Staff Protest Reward Disparities
Employees of the Federal Board of Revenue (FBR) in Grades 1 to 16 have raised concerns about unequal reward…
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Business
FBR Tax Refunds Slightly Decline, Rebates Rise in FY24
The Federal Board of Revenue (FBR) reported a slight decline in income tax refunds for the fiscal year 2023-24. The…
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Business
IMF Pushes Pakistan for More Revenue Measures
ISLAMABAD: Pakistan faces new financial challenges as the International Monetary Fund (IMF) has urged the government to adopt more stringent…
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Business
IMF Urges Pakistan to Boost Revenue Measures Amid Tax Shortfall
Islamabad: The International Monetary Fund (IMF) has called on Pakistan to introduce additional revenue-raising measures after the Federal Board of…
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Business
FBR Raises Property Valuation Rates in 56 Cities
The Federal Board of Revenue (FBR) has significantly increased property valuation rates for immovable properties across Pakistan. As reported on…
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Business
FBR Proposes Major Amendments to Vehicle Import Rules for Tourists
The Federal Board of Revenue (FBR) in Pakistan has issued a draft amendment to the Customs Rules 2001. The amendment…
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Business
FBR Introduces Daily Update System for Active Taxpayers List
Karachi: The Federal Board of Revenue (FBR) has made a significant amendment to the Income Tax Rules, 2002. 8 The…
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Pakistan
PM Shehbaz Directs Swift Reforms in FBR
ISLAMABAD: Prime Minister Shehbaz has called on officials to expedite reforms in the Federal Board of Revenue (FBR). Chairing a…
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Business
FBR Confirms No Extension for Income Tax Returns Filing Deadline
The Federal Board of Revenue (FBR) has denied any possibility of any further extension for the income tax returns filing…
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Business
FBR Deadline for Tax Returns Ends Today
LAHORE: The Federal Board of Revenue (FBR) has set today, October 14, as the final deadline for filing tax returns…
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