With Pakistan’s tax system rapidly going digital, the Federal Board of Revenue (FBR) has significantly expanded its ability to access real-time digital data of taxpayers in tax year 2026. If you think your financial footprint is limited to tax returns only—think again.
(more…)Author: Shahnawaz Akhter
-
Taxpayers Get Ready in 2026: FBR Can Enter Your Premises Without Notice
Taxpayers in Pakistan should be fully aware that income tax laws empower the Federal Board of Revenue (FBR) to enter business or residential premises without prior notice. With stricter enforcement measures in place for tax year 2026, compliance and proper record-keeping have become more important than ever.
(more…) -
How Many Years Should You Keep Income Tax Records? Taxpayers Must Know
Keeping proper tax records is not just good practice—it is a legal requirement in Pakistan. Many taxpayers are unaware of how long they must retain documents, which can lead to serious issues during audits or investigations by the Federal Board of Revenue (FBR).
(more…) -
2025 a Turbulent Year for Pakistan’s Economy: BMG Chairman Zubair Motiwala
Karachi, December 31, 2025 — Chairman of the Businessmen Group (BMG), Zubair Motiwala, has described 2025 as one of the most turbulent and challenging years for Pakistan’s economy and business community, marked by policy uncertainty, deep structural issues, and mounting pressure on productive sectors.
(more…) -
FBR explains safeguards for tax-free imports into Gilgit-Baltistan
The Federal Board of Revenue (FBR) has addressed concerns raised by traders and business bodies regarding the proposed procedure for tax-free imports meant exclusively for Gilgit-Baltistan (GB).
(more…) -
Inspector RTO Karachi sacked for illegal access to taxpayers’ data
Islamabad, December 30, 2025 – The Federal Board of Revenue (FBR) has dismissed an inspector posted at Regional Tax Office (RTO)-I Karachi for illegally accessing and misusing taxpayers’ data.
(more…) -
Retail payments in Pakistan grow 10% in Q1 FY26: SBP releases report
Karachi, December 30, 2025 – The State Bank of Pakistan (SBP) on Tuesday released its Quarterly Payment Systems Review for the first quarter (Q1) of Fiscal Year 2025-26, reporting a significant 10% growth in retail payment transactions. The report provides a detailed analysis of Pakistan’s evolving payment ecosystem, highlighting key trends, digital adoption, and sectoral developments during the quarter.
(more…) -
PM Shehbaz dismisses FBR’s BS-20 IRS officer over corruption charges
Islamabad, December 30, 2025 – Prime Minister Shehbaz Sharif has approved the dismissal of a BS-20 officer of the Inland Revenue Service (IRS) on proven corruption charges. The officer, Riaz Ali Shah, was serving as Chief (Accounting) in the Organizational Audit Wing of the Federal Board of Revenue (FBR), Islamabad, while posted in Karachi.
(more…) -
Who Can Represent You Before FBR in Tax Year 2026
Navigating the Federal Board of Revenue (FBR) procedures can be complex, and often taxpayers require a representative to act on their behalf. Section 172 of the Income Tax Ordinance, 2001 clearly outlines who can legally represent you in Pakistan for tax year 2026.
(more…) -
How Much FBR Will Pay for Delayed Refunds in Tax Year 2026
Are you a taxpayer in Pakistan waiting for a refund from the Federal Board of Revenue (FBR)? If your refund is delayed, the FBR is responsible for paying an additional amount as compensation. Understanding Section 171 of the Income Tax Ordinance, 2001 will help you know your rights and how much you can claim for delayed refunds in tax year 2026.
(more…)