Karachi, January 9, 2025 – The Pakistan Business Council (PBC) has raised serious concerns regarding the Federal Board of Revenue’s (FBR) decision to terminate satellite tracking of transit cargo containers destined for Afghanistan. In a detailed letter addressed to the FBR chairman, the PBC highlighted the potential risks and adverse consequences of this policy change.
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Pakistan Revenue delivers the latest taxation news, covering income tax, sales tax, and customs duty. Stay updated with insights on tax policies, regulations, and financial developments in Pakistan.
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Harsh Penalties Announced for Obstructing FBR Officials
Karachi, January 9, 2025 – The Federal Board of Revenue (FBR) has issued a stern warning against obstructing its officials during the performance of their duties, emphasizing that such actions could lead to severe penalties, including imprisonment.
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Karachi Shares 46% of FBR Total Revenue Collection in FY24
Karachi, January 8, 2025 – Karachi, Pakistan’s commercial and financial powerhouse, has once again proven its pivotal role in the national economy, contributing a significant 46% to the Federal Board of Revenue’s (FBR) total revenue collection in the fiscal year 2023-24.
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PM Shehbaz Launches Faceless Customs Assessment System
Karachi, January 8, 2025 – Prime Minister Muhammad Shehbaz Sharif launched the Faceless Customs Assessment System at the Karachi Port on Wednesday, marking a significant milestone in Pakistan’s customs operations. This innovative system, part of the Federal Board of Revenue’s (FBR) modernization efforts, was introduced under Shehbaz’s leadership and aims to streamline customs clearance procedures.
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Commerce Ministry Sets Deadline for Budget Proposals 2025-26
Islamabad, January 8, 2025 – The Ministry of Commerce has announced a deadline for submitting tariff-related budget proposals for the fiscal year 2025-26. Stakeholders have been invited to provide their input by February 15, 2025, to ensure their suggestions are considered during the preparation of Pakistan’s upcoming federal budget.
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FBR Reports Alarming Rise in Sales Tax Refund Delays
Karachi, January 8, 2025 – The Federal Board of Revenue (FBR) has highlighted a concerning rise in delays for processing sales tax refunds, signaling inefficiencies in the system despite an increase in processed claims.
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FBR ATL Gaps: 38% from 13.45M Registered Taxpayers
Karachi, January 8, 2025 – The Federal Board of Revenue (FBR) has disclosed concerning statistics, revealing that out of 13.45 million registered taxpayers, only 38% are part of the Active Taxpayers List (ATL). This highlights significant gaps in compliance and enforcement.
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FBR, AGPR at Odds Over Special Customs Duty Figures
Islamabad, January 8, 2025 – The Federal Board of Revenue (FBR) has said that Rs 21.3 billion collected as Special Customs Duty (SCD) during fiscal year 2023-24 remains unreconciled with the Accountant General of Pakistan Revenue (AGPR) due to prevailing ambiguities.
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Crafting Budget 2025-26: FBR’s Call for Bold Ideas
Islamabad, January 7, 2025 – The Federal Board of Revenue (FBR) on Tuesday called upon stakeholders to submit their tax proposals for the upcoming Budget 2025-26. This initiative aims to enhance inclusivity and transparency in the budget-making process.
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FBR Completes 100% Automation of Key Processes
The Federal Board of Revenue (FBR) has made remarkable advancements in the automation of its operations, marking a transformative shift in how the agency manages tax and customs processes in Pakistan.
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