Tue, 21-Oct-2025

Pakistan agrees to IMF condition on Public disclosure of Civil Servants’ assets

Pakistan agrees to IMF condition on Public disclosure of Civil Servants’ assets

ISLAMABAD: Pakistan has agreed to another major condition set by the International Monetary Fund (IMF), moving closer to progress in the ongoing economic review talks. According to official sources, the government has accepted the IMF’s demand to make the assets of public officials available to the public. To implement this, the Federal Board of Revenue … Read more

Prime Minister expresses satisfaction over “Gallup Business Confidence Index Report”

Prime Minister expresses satisfaction over “Gallup Business Confidence Index Report”

Prime Minister Shehbaz Sharif has expressed satisfaction over Gallup Pakistan’s latest Business Confidence Index, calling it a positive sign of economic stability. The survey shows that business confidence in Pakistan has reached its highest level in four years. Compared to the last quarter of 2024, the country’s economic direction score has improved to -2 — … Read more

OGRA launches new app to find legal petrol pumps in Pakistan

OGRA new app

The Oil and Gas Regulatory Authority (OGRA), in partnership with the Federal Board of Revenue (FBR) and the Oil Companies Advisory Council (OCAC), has launched a groundbreaking mobile application, “Raahguzar.” Designed using Geographic Information System (GIS) technology, the app enables users to find legal petrol pumps and stations across Pakistan. The official launch event took … Read more

Azerbaijan cargo vehicles allowed into Pakistan

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 plans to purchase 1000+ new vehicles in 2025

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 requests tax proposals for budget 2025-26

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

FBR updates password policy to enhance security

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

FBR to Confiscate Items Valued Over $1200 from International Travelers

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

NADRA Shares Information on Rich Pakistanis Avoiding Taxes

Govt revenue increases due to higher excise duties

FBR receives data from National Database Regulatory Authority (NADRA) on 195,000 affluent Pakistanis avoiding taxes. Data includes bank account details, property ownership records, and luxury vehicle registrations. The FBR plans to target these individuals for tax collection. In response to the International Monetary Fund (IMF) demands to expand the tax base and increase revenue, the … Read more

FBR initiates action against non-taxpaying traders of Lahore

FBR non-taxpaying

LAHORE: The Federal Board of Revenue (FBR) has begun warning traders in Lahore’s Azam Market, Anarkali, Hall Road, Sutar Mandi, Akbari Mandi, and other areas regarding non-payment of taxes. Reports indicate that the FBR has compiled lists of tax-evading companies and individuals as part of its effort to ensure compliance and make it difficult for … Read more

FBR targets 2.8 million households to expand tax net

FBR

The Federal Board of Revenue (FBR) has decided to bring 2.8 million potential households into the tax net, sources revealed on Tuesday. This move is expected to boost the national economy by approximately Rs1.6 trillion. FBR spokesperson Bakhtiar Muhammad stated that while there are around 3.5 million individuals eligible to pay taxes in the country, … Read more

FBR Responds to Mini Budget Rumours

FBR

FBR Member Inland Revenue Policy, Dr. Hamid Ateeq Sarwar, denies rumors . The FBR aims to collect between Rs 2,600 and Rs 2,700 billion in taxes from July to September. The board will focus on preventing tax evasion in specific sectors. ISLAMABAD: The Federal Board of Revenue (FBR) has addressed rumors regarding the introduction of … Read more

FBR to crack down on unregistered businesses after October 1

FBR unregistered business

The Federal Board of Revenue (FBR) has announced a crackdown on unregistered businesses starting after October 1. The action will target businesses operating under benami (undisclosed ownership) or fake names. To gather information on unregistered businesses, the FBR will use third-party data collection methods. Currently, only 300,000 manufacturers in Pakistan are registered for sales tax. … Read more

How to restore blocked SIMs after filing tax returns

blocked SIMs restore

The Federal Board of Revenue (FBR) has initiated a process to restore mobile SIMs blocked due to non-filing of income tax returns. Once non-filers submit their tax returns, they can have their SIMs reactivated through two methods. The first and easier method involves contacting the FBR helpline to inform them that the tax return has … Read more

FBR May Extend the Deadline for Filing Income Tax Returns

FBR May Extend the Deadline for Filing Income Tax Returns

FBR is considering a one-month extension for income tax return filing. The official announcement is expected in 1-2 days through an FBR income tax circular. The module poses challenges for non-residents and has data issues with tax deductions. The Federal Board of Revenue is considering extending the deadline for filing income tax returns by one … Read more

How to Get Your Mobile Phone PTA Approved for Free

PTA

PTA will not charge any service charges for the registration. There are 3 ways to get the mobile phone devices registered with PTA: online, via USSD code, or at the mobile phone operators’ offices. If you register your device at the mobile phone operators’ offices, you will have to pay Rs. 100 as service charges. … Read more

FBR has set new ambitious targets for expanding taxpayer base

FBR has set new ambitious targets for expanding taxpayer base

ISLAMABAD: Federal Board of Revenue (FBR) has set new ambitious targets for the current fiscal year to expand the taxpayer base and get more retailers integrated into the Point-of-Sale (POS) system of the FBR. In FY23, the FBR claimed that 182,000 new taxpayers had joined the tax system. In a briefing to the Caretaker Prime … Read more

FBR unlawfully imposes new sales tax rates

FBR

KARACHI: The Federal Board of Revenue (FBR) on Wednesday unlawfully imposed new sales tax rates from 17 per cent to 18 per cent through a notification. The tax practitioners are unanimous that the government in no way changes the tax rate without parliamentary approval. They said years ago the Supreme Court of Pakistan in an … Read more

FBR initiates action against 108 non-compliant retailers

FBR

KARACHI: The Federal Board of Revenue (FBR) on Friday initiated penal action against 108 retailers, who failed to integrate their outlets with the online tax system. The revenue board issued a list of 108 big retailers, who are mandatorily required to link their details of sales and purchases with the tax authorities through integration of … Read more

FBR invites income tax proposals for Budget 2023/24

FBR invites income tax proposals for Budget 2023/24

KARACHI: The Federal Board of Revenue (FBR) on Monday invited the income tax proposals for the Federal Budget 2023/24. The revenue board said that it was engaged in formulating the proposals for the Finance Bill 2023. To benefit from the collective wisdom of all the stakeholders for improvement in the tax policy, proposals have been … Read more

FBR starts CVT recovery from super-rich persons

FBR

KARACHI: The Federal Board of Revenue (FBR) on Wednesday started recovery of the capital value tax (CVT) from the super-rich persons having ownership of assets abroad. “In this regard the first recovery notice has been issued to a business tycoon of the country,” an officer of Inland Revenue (IR) confirmed. The instant notice has been … Read more

Chairman FBR directs to make effective monitoring of sugar mills

Chairman FBR
  • Chairman FBR Asim Ahmad visited Karachi Port and LTO.
  • He stressed upon the need for speedy facilitation of national trade.
  • Chairman FBR reviewed the performance of all Chief Commissioners.

KARACHI: Chairman Federal Board of Revenue (FBR)/Secretary Revenue Division Asim Ahmad directed Chief Commissioners Inland Revenue (CCIRs) to make effective monitoring of sugar mills to ensure that there is no leakage of revenue.

Chairman FBR/Secretary Revenue Division Asim Ahmad visited Karachi Port and Large Taxpayers Office (LTO).

During his visit to South Asia Pakistan Terminal (SAPT) of Karachi Ports, the Chairman stressed upon the need for effective and speedy facilitation of national trade. SAPT, previously a part of Appraisement East, has recently been notified as a separate Appraisement Collectorate.

The Chairman stressed upon the pivotal role of smooth port operations towards a robust national economy. Asim Ahmad appreciated Pakistan Customs for its significant contribution towards achieving FBR’s overall targets despite the current import compression. He also acknowledged the efforts of Pakistan Customs to curb the menace of mis/under-invoicing by revolutionizing the valuation methods and assessment approach.

The Chairman also visited the sea terminal yards and berth areas where he was briefed about the port operations through practical demonstration. Chairman FBR fully assured that the Government will make all-out efforts to address the trade related issues at the earliest.

While chairing a meeting at LTO, Chairman FBR reviewed the performance of all Chief Commissioners with regard to targets assigned for the third quarter (Jan-March, 2023). Detailed presentations, outlining the projection and strategy for achieving the budgetary target for the third quarter were given by all Chief Commissioners Inland Revenue.

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FBR chairman reviews tax collection performance

FBR

KARACHI: Federal Board of Revenue (FBR) Chairman Asim Ahmed on Saturday reviewed the performance of the tax offices situated in Karachi, a statement said. The FBR chairman visited the Large Taxpayers Office (LTO) Karachi and held meetings with the chief commissioners of all the field formations stationed in Karachi. Ahmed reviewed the performance of all … Read more

Industry expert lauds govt measures to curb tax evasion in tobacco sector

Industry expert lauds govt measures to curb tax evasion in tobacco sector

KARACHI: The tobacco industry experts have commended the government’s efforts to eradicate the smuggling and illegal sale of cigarettes through the installation and implementation of a technology-based Track and Trace system at cigarette manufacturing units, a statement said. The decision will help the government to achieve tax collection targets from the tobacco sector, it added. … Read more

IMF asked for “tough budget,” says Miftah Ismail

Miftah Ismail

KARACHI: Finance Minister Miftah Ismail announced on Saturday that the International Monetary Fund (IMF) has asked for a “tough budget” for the upcoming fiscal year, however the federal government is confident that IMF would revive the bailout programme for Pakistan. In his statements during the ‘National Economy Dialogue – The Way Forward for Pakistan’ held … Read more