ISLAMABAD, April 20 — Income tax recoveries through audit proceedings in Pakistan surged by 110% in fiscal year 2024-25, reflecting improved enforcement and audit efficiency, the Federal Board of Revenue said in its annual report.
(more…)Author: Shahnawaz Akhter
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FBR suspends top customs officials in high-profile silver swap scandal
ISLAMABAD, April 19 — Pakistan’s Federal Board of Revenue (FBR) has suspended several senior customs officials following fresh findings in a high-profile case involving the alleged swapping of seized silver bullion with lead, officials said on Sunday.
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Foreign investors urge tax cuts, reforms in Pakistan budget 2026-27
KARACHI, April 19 — Foreign investors in Pakistan have called for sweeping tax reforms, including lower corporate tax rates and the phased elimination of additional levies, as part of proposals submitted for the federal budget 2026-27.
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Pakistan tax return compliance hits record high, FBR data shows
ISLAMABAD, April 19 — Tax return filing compliance in Pakistan has reached a record high in fiscal year 2024-25, driven by enforcement measures, legal reforms and increased taxpayer awareness, according to official data.
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Pakistan repays $2 billion UAE deposit amid external financing pressures
Karachi, April 18, 2026 – Pakistan has repaid $2 billion in deposits to the United Arab Emirates (UAE), the State Bank of Pakistan (SBP) said on Saturday, as the country continues to meet its external debt obligations while managing pressure on foreign exchange reserves.
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FBR power to arrest traders reduced, Kayani confirms reform drive
KARACHI, April 18, 2026 – Minister of State for Finance Bilal Azhar Kayani said on Saturday that the arrest powers of Federal Board of Revenue (FBR) officials have been significantly curtailed as part of wider tax and regulatory reforms aimed at improving Pakistan’s business climate.
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FBR reports 163% surge in tax collection from petroleum products
Karachi, April 18, 2026 – Pakistan’s Federal Board of Revenue (FBR) said on Saturday that withholding income tax collection from petroleum products rose by 163% over the past five years, driven largely by higher fuel prices and increased consumption.
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Faisalabad Customs highlights benefits of Export Facilitation Scheme
Pakistan Customs officials on Friday said exporters are being extended the same facilitation at Faisalabad Dry Port as available in Karachi under the Export Facilitation Scheme (EFS), urging the business community to fully utilise the system to improve trade efficiency and competitiveness.
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Khurram Ijaz expresses concerns over rising electricity shortfall
KARACHI, April 17, 2026 — Khurram Ijaz, General Secretary of Businessmen Panel Progressive (BMPP) and former Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has expressed serious concern over the growing electricity shortfall in the country, warning that it is not only making life difficult for the general public but also posing significant risks to industrial output and economic stability.
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Minister Kayani to hold key tax talks with Karachi business leaders
KARACHI, April 17, 2026 —Minister of State for Finance, Bilal Azhar Kayani, will hold a series of meetings with business leaders in Karachi over the weekend to discuss key taxation issues ahead of the federal budget for 2026–27, officials said on Friday.
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