Islamabad, June 16, 2025 – The Federal Board of Revenue (FBR) has revealed that several influential individuals, including a former senator and ex-customs official, were involved in high-value tax fraud, prompting renewed debate over the FBR’s proposed arrest powers in the Finance Bill, 2025.
(more…)Category: Budget
This is parent category of budgets presented by Pakistan government. Here you will find year-wise federal and provincial budgets.
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SDPI raises alarm over implications of budget 2025-26
Islamabad, June 15, 2025 — The Sustainable Development Policy Institute (SDPI) has raised serious concerns over the far-reaching implications of the federal budget 2025-26, warning that its measures could compromise Pakistan’s economic stability, debt management, climate goals, and social protection frameworks.
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Langrial defends FBR’s arrest powers in tax fraud crackdown
ISLAMABAD, June 15, 2025 — In a heated debate over the Finance Bill, 2025, Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial came out strongly in defense of the proposed amendments granting FBR sweeping powers to arrest individuals involved in tax fraud.
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Finance Bill 2025: tempered vehicles to be declared as smuggled
ISLAMABAD, June 15, 2025 — In a bold crackdown on illicit auto trade, the Federal Board of Revenue (FBR) has introduced a major reform in the Finance Bill, 2025, declaring that all tempered vehicles—regardless of their registration status—will now be treated as smuggled vehicles.
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FBR empowered to deny or limit input tax adjustment
Karachi, June 15, 2025 – The Federal Board of Revenue (FBR) has been granted enhanced powers to deny or restrict input tax adjustment under the Finance Bill, 2025.
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FBR gets sweeping powers to access internet user data
Karachi, June 14, 2025 – In a move aimed at curbing sales tax fraud, the Federal Board of Revenue (FBR) has been granted extensive powers to access the personal data of internet users.
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KCCI slams federal, provincial budgets for ignoring Karachi
Karachi, June 14, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has expressed deep disappointment over what it calls the continued neglect of Karachi in both the federal and Sindh provincial budgets for the fiscal year 2025–26.
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Sialkot Chamber urges restoration of FTR for exporters
Sialkot, June 14, 2025 – The Sialkot Chamber of Commerce and Industry (SCCI) has strongly urged the federal government to restore the Final Tax Regime (FTR) for exporters and incorporate this demand into the upcoming Finance Act, 2025.
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2025-26 budget incorporates several ICMAP proposals
Karachi, June 14, 2025 – The Institute of Cost and Management Accountants of Pakistan (ICMAP) has lauded the federal government for integrating several of its key recommendations in the newly unveiled budget for the fiscal year 2025-26.
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Special judges to decide tax fraud cases instead of FBR officers
Karachi, June 14, 2025 – In a major policy shift, the Federal Board of Revenue (FBR) has proposed that cases involving sales tax fraud will now be adjudicated by special judges, rather than by FBR officers.
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