ISLAMABAD: The Federal Board of Revenue (FBR) on Tuesday initiated a major administrative reshuffle, directing four Chief Commissioners of Inland Revenue (CCIRs) to report to its headquarters as part of broader efforts to strengthen tax administration.
(more…)Author: Shahnawaz Akhter
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Khurram Ijaz criticizes govt borrowing surge, warns of private sector crowding out
Karachi, April 7, 2026 – Khurram Ijaz, General Secretary of the Businessmen Panel Progressive (BMPP) and former Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has expressed strong concern over the federal government’s rapidly rising borrowing from commercial banks, warning that it will further squeeze credit availability for the private sector.
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Pakistan repays over $1.42 billion in Eurobond obligations
KARACHI: Pakistan has successfully repaid more than $1.42 billion in external debt obligations, demonstrating continued fiscal discipline and commitment to timely debt servicing.
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SBP mandates declaration for foreign inflows above $25,000
KARACHI: The State Bank of Pakistan has introduced a new regulatory requirement making it mandatory to submit a declaration for foreign inflows exceeding $25,000, aiming to enhance transparency and strengthen monitoring of cross-border financial transactions.
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Qasim Shikarpuri sounds alarm: FBR crackdown puts jewelers at risk
Karachi, April 7, 2026 — Jewelers across Pakistan have raised strong objections to the recent regulations and enforcement measures introduced by the Federal Board of Revenue (FBR). According to industry leaders, these policies are placing significant pressure on the gold and jewelry sector, slowing down business activity and creating uncertainty for traders, particularly small retailers.
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Government bank borrowing surges 61% in 9MFY26, SBP data shows
The federal government’s borrowing from commercial banks surged by 61% during the first nine months of fiscal year 2025-26, highlighting growing reliance on domestic financing, according to data released by the State Bank of Pakistan (SBP).
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Motiwala proposes restoration of zero-rated sales tax for exports
Karachi, April 6, 2026 – Chairman of the Businessmen Group (BMG), Muhammad Zubair Motiwala, has called on the Federal Board of Revenue (FBR) to immediately restore the zero-rated sales tax for Pakistan’s export sector, warning that ongoing global and regional tensions could severely impact the country’s economy.
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Salaried Class Pays Rs420bn Tax—Burden Keeps Rising
The salaried segment in Pakistan has contributed more than Rs420 billion in income tax during the first nine months (July–March) of fiscal year 2025-26, according to sources within the Federal Board of Revenue (FBR).
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ICMAP proposes vacant urban land tax in budget 2026-27
The Institute of Cost and Management Accountants of Pakistan (ICMAP) has proposed the introduction of an annual vacant urban land tax in the upcoming Budget 2026-27, aiming to improve land utilization and boost government revenue.
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FBR makes tax return filing mandatory for social media earners in Pakistan
In a major step to regulate the country’s fast-growing digital economy, the Federal Board of Revenue has made it mandatory for individuals earning through social media platforms to file annual income tax returns. The move targets both local influencers and foreign content creators generating revenue from Pakistani audiences.
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