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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.

FBR requests tax proposals for budget 2025-26

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FBR

The Federal Board of Revenue (FBR) has called for income tax, sales tax, and federal excise duty proposals for the 2025-26 budget from Inland Revenue field formations as well as business and trade bodies. The aim is to address tax distortions, procedural issues, and anomalies. On Wednesday, the FBR issued instructions to its field formations, … Read more

PM Shehbaz Sharif arrives Karachi

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PM calls for sustainable growth, claims economy back on its feet

KARACHI: Prime Minister  Muhammad Shehbaz Sharif arrived here in Karachi on a day long visit on Wednesday.

Sindh Governor Kamran Tessori, Chief Minister Syed Murad Ali Shah and top government officials welcomed the prime minister upon his arrival here at Faisal Air base.

Deputy Prime Minister Muhammad Ishaq Dar, Finance Minister Muhammad Aurangzeb, Federal Minister for Information and Broadcasting Attaullah Tarar and Minister of State Ali Pervez Malik are also accompanying the prime minister.

The Prime Minister Shehbaz Sharif will inaugurate the Federal Board of Revenue’s Faceless Customs Assessment System installed at the Karachi Port Trust.

The facility aims to improve transparency in customs clearance and reduce clearance time.

The prime minister, who will also visit the South Asia Pakistan Terminal at the Port, had instructed the installation of this automation system during his last visit to Karachi.

He will also visit the Pakistan Stock Exchange and attend the ceremony to award it the title of the second-best-performing stock exchange in the world in 2024.

Prime Minister Shehbaz will also attend as a special guest the launching ceremony of the Agha Khan University’s Manual of Clinical Practice Guidelines.

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FBR announces action against non-filers

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FBR

ISLAMABAD: Chairman Federal Board of Revenue (FBR) Rashid Mahmood Langrial has categorically announced that action will be taken against those who do not submit tax returns.

Finance Minister Muhammad Aurangzeb, Minister of State Ali Pervez Malik and Chairman FBR Rashid Mahmood Langrial held a press conference in Islamabad.

While addressing a press conference in Islamabad, Chairman FBR Rashid Mahmood Langrial said that we have given notices to 190,000 people and 38,000 people have submitted 37.7 million tax returns.

He said action will be taken against those who did not submit the return and did not pay the tax.

Chairman FBR said that Pakistan’s tax gap is Rs. 7100 billion and income tax gap is Rs. 2400 billion. He said FBR is digitizing the invoicing process and the focus is on the top 5 percent people.

He said FBR is directly looking at the sugar mills and several mills caught on flying invoices in Punjab.

Speaking at the press conference, Finance Minister Muhammad Aurangzeb said that we have to fix the tax system on a permanent basis and there is a total additional tax potential of RS 71 billion.

He said that technology is very important in tax collection AND transparency has to be brought in the system to prevent tax evasion. He added that human intervention in tax collection of FBR is being reduced.

Minister of State for Finance Ali Pervez Malik said in the press conference that we have to have a partnership with the International Monetary Fund(IMF) and we want standard.

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FBR updates password policy to enhance security

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FBR

KARACHI: The Federal Board of Revenue (FBR) has recently updated its password policy to enhance security measures for users. The new policy requires users to change their passwords every 60 days to maintain optimal security. After this period, passwords will automatically expire, and users must use the “forgot password” feature to reset it. In addition, … Read more

PM forms 11-member task force for development of housing sector

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PM forms

ISLAMABAD: Prime Minister Shahbaz Sharif formed an 11-member Task Force for the development of the housing sector.

According to sources, the 11-member task force formed for the development of the housing sector will give suggestions on urban planning policies and practical measures and propose a workable taxation system for the construction sector.

The 11-member task force will be headed by the Federal Minister for Housing Riyaz Hussain Pirzada. The Finance Minister, Minister of State for Revenue, DG Welfare and Rehabilitation Pakistan Army, Major General Dilawar Khan, FBR chairman and Federal Government Employees Housing Authority DG are included in it.

The experts from the housing sector have also been included in it. The task force will develop a comprehensive framework for the growth and development of the housing sector. It will prepare recommendations for changes in urban planning policies.

The task force will examine the impact of the current revenue regime on the sector and formulate a policy on reduction of taxes on imported goods and products related to the sector.

It will examine the possibilities of incentives for the sector and submit its final recommendations to the Prime Minister within a month.

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FBR introduces fee-less customs assessment system in Karachi

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FBR introduces fee-less customs assessment system in Karachi

The Federal Board of Revenue (FBR) has launched the Fee-Less Customs Assessment (FCA) system in Karachi as part of its broader reform agenda, which was approved by the Prime Minister of Pakistan. The system, effective from midnight on December 15, requires all import declarations submitted at Karachi’s Appraisal Collect orates to be routed through the … Read more

Finance Minister Aurangzeb meets foreign investors, professionals

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Finance Minister

ISLAMABAD: A high-level delegation of foreign investors and business professionals, mostly based in the United States, here on Wednesday, called on Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb.

The delegation put together by Ambassador Ali Jehangir Siddiqui of the JS Bank comprised leading entrepreneurs, business practitioners and professionals from diverse sectors, including technology, academia, and finance, with lead members such as Auren Hoffman, Chief Executive Officer of SafeGraph, Kristen Edwards Marqua (Hakluyt & Company), Michael Levi (The D.E. Shaw Group), Dr. Jeff Chang (Rad AI), and others.

Ambassador Ali Jehangir Siddiqui apprised the minister about the composition of the delegation, the purpose of their visit and their interaction with different stakeholders during the visit so far.

Advisor to the Finance Minister Khurram Shehzad and senior officers of the Finance Division and Federal Board of Revenue (FBR) were also present.

Aurangzeb briefed the investors about the country’s recent macroeconomic progress, highlighting significant achievements in overcoming longstanding challenges.

“Pakistan has historically struggled with twin deficits; however, due to improved export performance, the economy is now operating with a surplus in both fiscal and current accounts.

Foreign exchange reserves have crossed the $12 billion mark, inflation has been brought down to single digits, and the policy rate is moving in the right direction,” he noted.

He further elaborated on the government’s comprehensive reform agenda, encompassing privatization, SOE restructuring, rightsizing of the federal government, and pension reforms.

Senator Aurangzeb also addressed two existential challenges faced by Pakistan: rapid population growth and climate change.

“With a population growth rate exceeding 2%, we face severe implications for food security, child stunting, and out-of-school children. Climate change exacerbates these vulnerabilities, making it imperative to secure both financial and technical assistance to tackle these issues effectively,” he remarked.

He also mentioned that he has emphasized the importance of these priorities in discussions with international partners, including World Bank President Ajay Banga.

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FBR to Confiscate Items Valued Over $1200 from International Travelers

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FBR

Federal Board of Revenue Proposes Baggage Rules Amendments. Items brought in commercial quantities will not be released, despite duty, taxes, and redemption fines. FBR to Confiscate Everything Valued Over $1200. The Federal Board of Revenue (FBR) has proposed amendments to the Baggage Rules, 2006, under which all goods valued over $1200 will be confiscated from … Read more

PM calls for strict implementation on revenue collection strategy

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PM

ISLAMABAD: Prime Minister Shehbaz Sharif directed the authorities concerned to ensure effective and swift taxation and take strict measures to implement the strategy for revenue collection. The prime minister, who chaired a review meeting on the country’s economic situation and digitization of the Federal Board of Revenue (FBR), said that the FBR’s digitization was a … Read more

Traders must cooperate with FBR in curbing mis-invoicing

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Traders

KARACHI:  Chief Commissioner RTO-1 Karachi Dr Fahim Mohammad said that cooperation from the business community is required in curbing the mis-invoicing in Sales Tax and improper usage of Point of Sales.

This he conveyed during a meeting with the visiting delegation from business community led by Secretary Tajir Dost Scheme Abdul Rehman Khan.

“Traders must refrain from trading the smuggled goods as well as banned items and are required to proceed with their business transactions as per the law and procedures” remarked the Chief Commissioner besides adding that no one is above the law.

Representatives from the business community suggested that an awareness campaign through media may be initiated for awareness of traders and the related audience.

The participants from the visiting delegation apprised the Chief Commissioner of their business-related issues in their respective areas and requested him for resolving them.

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FIA to monitor sugar mills during crushing season

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FIA

ISLAMABAD: The Federal Investigation Agency (FIA) has decided to monitor sugar mills during the crushing season.

Sugarcane crushing season is about to start in the country and FIA has decided to monitor sugar mills across the country during the crushing season.

In this regard, FIA has also formed special teams on the instructions of Prime Minister Shehbaz Sharif. These teams will keep record of sugar production and stocks in sugar mills.

The FIA ​​said that to prevent tax evasion, a record of the sales of the mills will also be compiled on the basis of dispatch, while a record of the arrival of sugarcane and the number of trolleys will also be compiled in the sugar mills.

In this regard, Lahore zone teams have been deployed at three sugar mills and Director Lahore Zone Sarfraz Khan Virk has assigned the tasks to the teams in the meeting.

Director FIA has directed the teams to compile the data with utmost responsibility and honesty. Preventing tax evasion is an important national duty and no lapse will be tolerated.

It should be noted that in the meeting presided over by Prime Minister Shehbaz Sharif last month, three institutions were assigned the responsibility of taking joint actions to prevent tax evasion by sugar mills and dealers.

FBR, FIA and IB to take joint action to curb sales tax evasion and price hike.

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NAB hands over confiscated possession of properties to FBR  

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FBR introduces new rules about bringing goods from abroad

KARACHI: National Accountability Bureau(NAB) Karachi has made a significant move in the fight against corruption by handing over confiscated properties worth Rs. 128 million to the Federal Board of Revenue (FBR).

These properties were confiscated from a former Senior Auditor at Sales Tax Karachi, who found guilty of accumulating assets beyond his known sources of income.

NAB Karachi had conducted inquiry and investigation and subsequently, filed a Reference against the accuses in the Accountability Court No.1, at Karachi, who convicted and sentenced the accused persons to undergo Rigorous Imprisonment and also imposed find of Rs. 14,241,022/- along with confiscation of properties. The convicted accused persons filed an appeal before the Sindh High Court, Karachi, which was dismissed.

Consequently, NAB (Karachi) took over the physical possession of 3x properties of convicted person and the same were handed over by DG NAB (Karachi) to the Chief Commissioner, Inland Revenue, Large Taxpayers Office, Federal Board of Revenue (FBR), Karachi, in a handing over ceremony at Regional Headquarters of NAB at Karachi.

DG NAB (Karachi), reaffirmed the Bureau’s commitment for recovering looted money and returning it to the affected departments and individuals. He further said that under the leadership of Chairman, NAB Karachi remains committed to combating corruption and corrupt practices with dedication and professionalism.

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FBR team held hostage by marriage hall staff in Karachi

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FBR introduces fee-less customs assessment system in Karachi

KARACHI: A team of the Federal Board of Revenue (FBR) in Karachi were taken hostage at a marriage hall for hours.

According to Assistant Commissioner FBR Muhammad Hamza, the marriage hall located on Dalmia Road in Karachi was showing a little less income. On the basis of which the raid was conducted. When the FBR team reached there, the staff of the marriage hall took them hostage.

Muhammad Hamza said that as soon as the incident was reported, he immediately reached there and talked to the staff of the marriage hall, after which some people were initially released.

The Assistant Commissioner said that the police authorities were also informed about the incident, but the staff of the wedding hall was not leading the police in any way.

Finally, after several hours of negotiations, all the officers and employees were released from the wedding hall.

The Assistant Commissioner said that there was a departmental misunderstanding and in the morning the staff of the marriage hall has been summoned to the FBR office.

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Filers in trouble: Government considers new Tax measures due to FBR revenue shortfall

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FBR launches ‘ePayment 2.0’ to facilitate taxpayers

The incumbent government has no option but to consider implementing additional revenue measures, such as mini-budgets or expenditure cuts, after the Federal Bureau of Revenue (FBR) failed to achieve its tax targets, The News reported on Sunday. Although not confirmed, the International Monetary Fund (IMF) may send its mission to Islamabad in the coming weeks, … Read more

FBR increases property valuation in 56 cities

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FBR

ISLAMABAD: Federal Board of Revenue(FBR) has increased the property valuation price by 80 percent in 56 cities of the country.

The FBR has increased the property valuation rate to 80 percent in 56 cities to bring the property value closer to the market rate, the new rates will be applicable from November 1.

According to the circular notification issued by FBR, the price of property in E7 of Islamabad is 150,000  per square yard, in sector E6 and F7 the price per square yard is 140,000,  while in F7 per square yard Square yard 140,000 , and E 11 per square yard fixed at 70,000.

The notification stated that property rates have also been increased in Abbottabad, Attock, Bahawalnagar and Bannu, while new property rates have also been set in Bhakkar, Bahawalpur, Chakwal, Chiniot and Dera Ismail Khan.

Property prices have also increased in Dera Ghazi Khan, Faisalabad, Gujranwala and Gujrat, similarly, new property rates have been set in Hafizabad, Haripur, Karachi and Kasur.

According to FBR, Lahore, Okara, Mianwali, Quetta, Rawalpindi, Sahiwal and Sargodha are also included in the list.

FBR said the valuation tables will help in generating more revenue from properties.

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FBR prepares to unveil revised property rates for 54 Cities

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FBR prepares to unveil revised property rates for 54 Cities

The Federal Board of Revenue (FBR) is preparing to announce new property valuations, expanding the scope to 54 cities nationwide, an increase from the previous 42. According to sources, the updated rates, which include valuations for 12 additional cities, will be revealed in the coming days. The reassessment of property prices has been finalized, with … Read more

PM instructs FBR to embrace technology for better tax, revenue collection

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PM instructs FBR to embrace technology for better tax, revenue collection

On Thursday, Prime Minister Shehbaz Sharif instructed the Federal Board of Revenue (FBR) to leverage modern technology to enhance tax and revenue collection processes. During a review meeting on FBR reforms, the prime minister emphasized the importance of building the capacity of FBR officers and utilizing technology effectively, as reported by the PM Office. He … Read more

FBR to issue new property valuation tables in major cities

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FBR prepares to unveil revised property rates for 54 Cities

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to issue new property valuation tables in 54 major cities of the country.

According to FBR sources, the process of re-fixation of property prices in various cities of the country has been completed. The new government property rates are likely to be increased from 75 percent to 90 percent of the market rates.

Sources say that the new property rates will be issued in all major cities including Karachi, Lahore, Islamabad, Multan, Peshawar and others. It has also been decided to issue a notification in a day or two after approval from the Ministry of Law with aim to increase tax collections.

Meanwhile, the real estate and construction sectors will not be discouraged, but there is a proposal to increase the tax on sellers and buyers of property files.

FBR sources added that real estate associations, builders and developers have been consulted in determining the new property rates.

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FTO Directs FBR to Address Hardships Faced by STR Persons in Filing Sales Tax Returns

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FTO

In response to numerous complaints from tax professionals and trade bodies, the Federal Tax Ombudsman (FTO) has initiated an Own Motion (OM) investigation under Section 9(1) of the Federal Tax Ombudsman Ordinance, 2000. This investigation was launched due to the significant challenges faced by Sales Tax Registration Number (STRN) holders in submitting their sales tax … Read more

FBR’S I&I NOTICES TO INDUSTRIES ARE CONDEMNABLE: ATIF IKRAM

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FBR I&I

Islamabad: President Federation of Pakistan Chamber of Commerce and Industry Atif Ikram Shaikh has said that the notices of I&I by FBR to industrialists are condemnable. The notices stated that fake sales tax invoices were taken as inputs. Scrutiny of the importers to some extent can be done by the buyer before buying the goods … Read more

FBR to continue crackdown against tax evaders

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FBR

KARACHI: The Federal Board of Revenue (FBR) has arrested 10 people for causing 6 billion loss to the national exchequer.

Chief Commissioner Land Revenue Dr Khalid Malik said that crackdown will continue against those who evade sales by making fake invoices and evading taxes.

Since July 2023 sales tax evasion in Hyderabad region, 100 million have been collected by arresting 10 people involved in it while work on more cases is going on.

He said that the owners of some companies create fake companies to make transactions and show false figures of cost in the manufacturing of products in the lure of higher profits, which causes a loss of billions of rupees to the national exchequer. He said FBR will deal such people with strictly.

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FBR extends deadline for filing income tax returns

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FBR

ISLAMABAD: The Federal Board of Revenue (FBR) has extended the last date for filing income tax returns till October 31.

According to the FBR, the extension was made in view of the request of trade unions and tax bar associations and bank holidays.

The FBR said the extension of the date for submission of returns was made under Section 214-A of the Income Tax Ordinance 2001.

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Gwadar Free Zones to Allow Custom-Free Vehicle Imports

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Massive Increase Likely in Vehicle Registration Fees

Pakistan’s Government Allows Custom-Free Vehicle Import in Gwadar Free Zones. The move aims to boost investment in the Gwadar Free Zone. The revised regulations allow investors to import vehicles without paying customs duties. The government expressed its readiness to permit the import of custom-free vehicles in both Gwadar Free Zone North and Gwadar Free Zone … Read more

FBR to not extend last date of October 14 for filing income tax returns

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FBR non-taxpaying

ISLAMABAD: Today, October 14, Monday is the last date for filing income tax returns, and The Federal Board of Revenue (FBR) has decided not to extend the date further.

According to FBR, the deadline for filing income tax returns was extended till October 14 and no more extensions will be granted to the filers.

The Federal Board of Revenue (FBR) added that the decision to extend the deadline till October 14 was taken on the demands of the business community and the Tax Bar Association.

Earlier, Chairman Federal Board of Revenue, Rashid Langriyal informed the media in a candid conversation that the number of income tax returns has increased to more than 4 million and has doubled since last year.

He revealed that the deadline for submission of income tax returns will not be extended and the large-scale action against non-filers of income tax will take place from November.

Chairman FBR briefed that the complete data of non-filers is available and no tax evader will be spared as per the clear instructions of the Prime Minister.

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FBR warns for large-scale action against non-filers from Nov 1

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FBR

ISLAMABAD: Chairman Federal Board of Revenue (FBR) Rashid Mahmood Langrial has warned that action against non-filers will start from November 1.

Talking to the media in Islamabad, Rashid Langrial said that the number of income tax returns has exceeded 4 million and the number of income tax returns has doubled since last year.

He said that the last date for submission of income tax returns will not be extended.

Chairman FBR warned that large-scale action against non-filers will begin from November, with complete data of non-filers.

He said that the Prime Minister’s directive is not to spare the tax evader.

Note that the last date for submission of income tax returns is October 14.

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FBR extends filing income tax returns date  

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FBR announces tax exemptions for overseas Pakistanis

ISLAMABAD: The Federal Board of Revenue (FBR) has extended the date for filing income tax returns till October 14.

Chairman FBR Rashid Mahmood Langrial chaired a meeting in which it was decided to extend the date of filing income tax returns.

According to sources, the date for filing income tax return has been extended till October 14.

A notification has been issued to extend the date of filing of income tax returns till October 14, which states that the extension is in response to the demands of trade bodies and tax bar associations.

On the other hand, FBR has fulfilled the tax target for September. The tax target of 1098 billion for September increased to 1100 billion.

According to sources, more than 3.5 million people have filed income tax returns so far, doubling the number of people filing tax returns compared to the same period last year.

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FTO and FBR Launch Facilitation Desk for Taxpayers’ Assistance

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FTO

In collaboration with the Federal Board of Revenue (FBR), the Federal Tax Ombudsman (FTO) has launched a dedicated Facilitation Desk at its headquarters to assist taxpayers in hardships with filing of returns .This initiative, aimed at easing the tax return process, comes as the deadline for filing has been extended to October 14th. The Facilitation … Read more

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