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Latest Fbr news updates — Federal Board Of Revenue Government Of Pakistan – Get latest FBR News updates, Watch FBR Videos, View FBR Pictures.

PM Shehbaz praises FBR for historic 42% increase in Tax revenues

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PM Shehbaz

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif has lauded the Federal Board of Revenue (FBR) for achieving a historic 42% increase in tax revenues, expressing satisfaction over the institution’s performance. The appreciation came during a weekly review meeting chaired by the Prime Minister, focused on FBR’s digitization and ongoing reform initiatives. The meeting included a detailed … Read more

PM takes notice of proposal to arrest traders involved in tax fraud

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PM

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif has taken notice of the Federal Board of Revenue’s (FBR) proposal to arrest traders involved in tax fraud. According to FBR sources, the Prime Minister has summoned a high-level meeting to deliberate on the proposal. The session will be attended by the Finance Minister, FBR Chairman, and Law Minister. … Read more

Non-filers can now withdraw upto Rs75,000 from ATM without Tax deduction, says FBR

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Non-filers can now withdraw upto Rs75,000 from ATM without Tax deduction, says FBR

ISLAMABAD: The federal government has raised the cash withdrawal limit for non-filers from Rs50,000 to Rs75,000 before applying the withholding tax. The move aims to expand tax coverage while correcting a budget misstatement. In a key update to the Finance Bill 2025–26, the government raised the withholding tax threshold on cash withdrawals for non-filers from … Read more

FBR cancels Tax relief of low-Income salaried workers

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FBR cancels Tax relief of low-Income salaried workers

ISLAMABAD: The Federal Board of Revenue (FBR) announced during a session of the National Assembly’s Standing Committee on Finance and Revenue that it has reversed the proposed tax relief for low-income salaried persons. Members of the committee spent a considerable portion of the recent proceedings discussing the conflicting tax rates for low-income salaried persons. Although … Read more

Govt rejects proposal to raise sales tax on locally assembled small cars

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Budget 2025-26: Toyota Yaris, Corolla Expected Prices after New Tax

ISLAMABAD: The federal government has rejected a proposal to increase the sales tax on locally manufactured or assembled cars up to 850cc in the upcoming Budget for FY 2025–26. According to sources in the Ministry of Finance, the Federal Board of Revenue (FBR) had proposed raising the sales tax rate from 12.5% to 18% on … Read more

Govt to present Rs17.6tr federal budget for FY26 today

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Govt

ISLAMABAD: The federal government is set to unveil the budget for fiscal year 2025–26 today, with the total outlay estimated at Rs17.6 trillion. According to sources in the Ministry of Finance, as per initial estimates, the federal revenue target is projected at Rs19.3 trillion, out of which the Federal Board of Revenue (FBR) is expected … Read more

Govt institutional reforms to lead country toward progress: PM

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Govt

ISLAMABAD: Prime Minister Shehbaz Sharif on Monday stated that the recent positive economic indicators are evidence of the correctness of the government’s policies. Chairing a review meeting of the Federal Board of Revenue (FBR) affairs, the prime minister directed hiring of internationally renowned companies for third-party validation of ongoing initiatives and reforms in FBR The … Read more

PM Shehbaz orders implementation of FBR reforms

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PM Shehbaz

ISLAMABAD: Prime Minister Shehbaz Sharif directed the immediate and effective implementation of ongoing reforms in the Federal Board of Revenue (FBR), with a strong focus on digitization and automation of the tax system. The prime minister while chairing a high-level review meeting here, emphasized the need for decisive action to correct what he described as … Read more

The upcoming budget is circling a hefty Rupees 18,000 billion mark

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Budget targets revealed The upcoming budget is circling a hefty Rupees 18,000 billion mark

The upcoming federal budget is expected to be between Rupees 17,500 billion and Rupees 18,000 billion official documents reveal. The FBR is tasked with a revenue target of Rupees 14,307 billion for the next fiscal year. This includes significant contributions from direct taxes and sales tax. The budget anticipates Rupees 6,470 billion from direct taxes … Read more

FBR foils attempt to smuggle donkey hide

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FBR

The Federal Board of Revenue (FBR) successfully foiled an attempt to smuggle donkey hides at the port. According to the FBR spokesperson 285 percales were being sent to China describing as leather products. However, FBR carried out an operation at the port and successfully foiled an attempt to smuggle donkey hides. The FBR Spokesperson further … Read more

PM Shehbaz constitutes committee to improve governance

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PM Shehbaz

ISLAMABAD: Prime Minister Muhammad Shahbaz Sharif has constituted a committee to improve government performance. Shahbaz Sharif has constituted a committee comprising federal ministers and other officials to improve the government’s performance. According to officials, the committee members will include Federal Minister for Energy, Federal Minister for Climate Change and Environmental Coordination, Federal Board of Revenue … Read more

Aurangzeb seeks constructive engagement with US on trade

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Aurangzeb

ISLAMABAD: Federal Minister for Finance Senator Muhammad Aurangzeb discussed economic stability, reforms, investment opportunities, climate challenges, and trade during a series of high-level meetings in Washington. The finance minister is in Washington for the annual spring meetings of the International Monetary Fund (IMF) and the World Bank. The minister participated in the G-24 Finance Ministers … Read more

PM Shehbaz launches performance management system at FBR

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PM Shehbaz

ISLAMABAD: Prime Minister Shehbaz Sharif called upon the Federal Board of Revenue (FBR) officers to work with unwavering commitment and full dedication to help Pakistan becoming a debt-free country. He was speaking at a ceremony in Islamabad where he launched a new Performance Management System for FBR officers. “If we want to move away from … Read more

FBR revenue collection surges by 26%, NA informed

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Big News for Non-Filers in Pakistan; Details Here

Minister of State for Railways Bilal Azhar Kayani informed the National Assembly (NA) on Friday that the FBR’s revenue collection had increased by 26% by February in the current fiscal year. Minister of State for Railways Bilal Azhar Kayani responded to a Calling Attention Notice in the NA, stating that the number of tax filers … Read more

Aurangzeb reaffirms govt’s commitment to supporting insurance sector

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Aurangzeb

ISLAMABAD: Federal Minister for Finance Senator Muhammad Aurangzeb reaffirmed government’s commitment to supporting the insurance sector, recognizing its potential for significant private sector investment. During a meeting with a delegation of chief executive officers from Pakistan’s leading insurance companies, the minister said government wanted to diversify lending beyond the banking sector, urging the insurance industry … Read more

Positive shift in Pakistan’s tax system, Rs 23 billion collected from 16 banks under windfall tax

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windfall tax

Due to Prime Minister Shehbaz Sharif’s effective policies, along with the efforts of Finance Minister Muhammad Aurangzeb and the Federal Board of Revenue (FBR) Chairman, Pakistan’s tax system has seen a positive transformation. The government successfully maintained the windfall tax and collected Rs. 23 billion from 16 banks. Following the Sindh High Court’s ruling, the … Read more

FBR introduces new sales reporting rule for mega retail stores

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FBR

ISLAMABAD: The Federal Board of Revenue (FBR) has introduced new sales reporting rules for mega retail stores and their outlets.

The FBR directed 40,000 mega retail stores and their outlets to connect their sale data with the FBR to report 24-hour sales.

The FBR introduced amendments to sales tax rules, which has also been made compulsory to share 24-hour sales data with FBR system.

According to the FBR, the sale of large stores will be received by the FBR within 24 hours, if not receiving timely accurate data, the aforementioned retailers will be sealed and the authority to de -seal the stores has been given to Commissioner Inland Revenue.

The FBR has stated that the stores will be de-sealed within 24 hours after payment fines while all software -related flaws will be obliged to remove the store.

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Federal Govt withdraws major FBR powers on IMF demand

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Federal Govt

ISLAMABAD: The federal government withdraws important powers from the Federal Board of Revenue (FBR) on the demand of the International Monetary Fund (IMF).

The Federal Cabinet has set up a tax policy office in the Finance Ministry, which has also been issued a notification.

According to the notification, Ministry of Finance has established a Tax Policy Office, separating tax policy formulation from tax collection. The FBR will now be limited to tax collection only and policy-making will fall under the Ministry of Finance.

According to the notification, the tax policy office will directly report to Federal Minister Finance and Revenue. The tax policy office will work to create a government reform agenda, the tax policy office will analyze tax policies and suggestions.

The notification states that tax policies and suggestions will be analyzed through data modeling, revenue, economic forecasting.

According to sources, this was the long -standing demand of the International Monetary Fund(IMF) and the IMF was assured to keep the tax policy making and recovery process independent.

In order to reduce tax fraud, the implementation of the flaws will be focused on the implementation of the tax.

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Pakistan agrees to IMF terms, Restructures FBR for economic stability

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Pakistan agrees to IMF terms, Restructures FBR for economic stability

According to a newly issued notification, the Pakistani government has met another International Monetary Fund (IMF) condition by stripping the Federal Board of Revenue (FBR) of key powers and establishing a Tax Policy Office under the Ministry of Finance. The government has separated tax policy formulation from tax collection to enhance transparency and efficiency. Under … Read more

RTO Karachi surpasses its monthly tax collection target

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Income Tax Calculator Pakistan 2025-26

KARACHI: The Regional Tax Office-1 Karachi has surpassed its monthly tax collection target, allocated by the Federal Board of Revenue (FBR) headquarters, during the month of January 2025.

The RTO-1 was required to amass Rs. 26 billion through tax collection under its administrative domain; nevertheless the regional office climaxed at Rs. 28.6 billion on the closing date thereby contributing 10% more than the assigned 100% tax collection target.

An efficient tax collection, exceeding the monthly target, from a regional office signifies remarkably well for the Federal Board of Revenue that has already been pinpointing its focus on achieving the annual tax collection target for the ongoing FY 2024-25 keeping in view the slim economic state of the country.

The Regional Tax Office-1 has adopted a proactive enforcement strategy to enhance the share of domestic tax in the overall collection. Noteworthy in this regard are actions against tax evaders through on-spot stock takings and penalties on violation of PoS protocols.

Owing to these enforcement measures the voluntary tax compliance has shown visible signs of improvement climbing up from a meagre Rs. 300-400 million on an average to over a billion in December and January while the RTO-1 eyes a Rs. 3-4 billion mark in February and March 2025.

.Chief Commissioner RTO-1 Dr. Faheem Muhammad appreciated the efforts of his officers and staff in achieving landmark tax collection figures and imparting awareness amongst the trading community regarding PoS violations.

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Azerbaijan cargo vehicles allowed into Pakistan

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Azerbaijan

ISLAMABAD: The Federal Board of Revenue (FBR) has granted permission for Azerbaijan-registered vehicles to transport cargo into Pakistan, covering both transit and bilateral trade goods. This move follows the issuance of SRO.25(I)/2025 on Thursday, which introduces the Azerbaijan-Pakistan Transit Trade Rules 2024, as part of the Azerbaijan-Pakistan Transit Trade Agreement, 2024. The new regulations allow … Read more

FBR finalises plan to collect 6000b sales tax from defaulters  

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FBR

ISLAMABAD: Federal Board of Revenue (FBR) has decided to take strict action against tax defaulters and short filers through its staff under the National Transformation Plan approved by Prime Minister Shahbaz Sharif.

This initiative will collect more sales tax of Rs 3500 billion. The car door will have FBR logo and central control room at headquarters will be responsible for tracking every vehicle.

According to FBR, a plan has been made for annual tax collection of Rs 6000 billion. There are 260,000 manufacturers out of which only 42000 registered in the sales tax regime. The auditors, superintendents and up to grade 18 of customs/IR service officers will perform operational duties against tax evaders .

In order to meet the tax of more than Rs 13000 billion for the current financial year, FBR will stop the evasion of income tax, federal excise duty, sales tax and customs duty.

Member FBR Saeed Akram while giving the latest FBR statistics, said that despite the approval of 1,010 vehicles of 1300 cc, vehicles of 1199 cc are being given. The letter of intent from the vehicle manufacturer states that these 1,010 new vehicles will be for the Inland Revenue Service and Customs Service.

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FBR plans to purchase 1000+ new vehicles in 2025

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FBR

ISLAMABAD: The Federal Board of Revenue (FBR) has announced plans to purchase over 1000 new vehicles this year to strengthen the capacity of its field officers, according to sources on Monday. The FBR has issued a letter of intent for the acquisition of 1010 vehicles, valued at over Rs6 billion. The purchase will take place … Read more

FBR to purchase more than 1,000 new vehicles

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FBR

ISLAMABAD:  The Federal Board of Revenue (FBR) has decided to purchase more than 1,000 new vehicles and purchase of vehicles will be done in 2 phases.

FBR has written letter of intent to the company to buy 1010 new vehicles which will cost more than Rs 6 billion.

According to FBR’s letter, the purchase of new vehicles will be done in 2 phases for which FBR will pay the full amount, 3 billion will be paid in advance for the purchase of 1010 vehicles and Rs. 3 billion for the full purchase of 500 vehicles.

The letter states that the balance will be paid after delivery of the first batch of 500 vehicles, 1010 vehicles will be delivered between January and May 2025.

In the first phase 75 vehicles will be delivered in January and 200 vehicles will be delivered in February. While 225 vehicles will be delivered in March. In the second phase, 250 vehicles will be delivered in April and 260 in March.

The spokesperson of FBR said in this regard that the purchase of vehicles is a part of FBR’s transformation plan and these vehicles are being taken to improve the efficiency of field officers while these vehicles will be for field officers only.

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