ISLAMABAD – The Federal Board of Revenue (FBR) has announced the formation of a special committee aimed at addressing tax-related grievances of foreign investors and minimizing communication gaps between businesses and tax authorities.
The initiative, notified on Tuesday, is part of FBR’s broader reform efforts to promote a more investor-friendly environment in Pakistan.
According to the notification, the committee will be chaired by Mir Badshah Khan Wazir, Member (Legal-Inland Revenue), and will include representatives from the Overseas Investors Chamber of Commerce & Industry (OICCI), relevant foreign business associations in Pakistan, commercial counsellors or representatives of consulates, as well as members from the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) and local chambers of commerce. The FBR Chief (IR-Operations) will also serve on the body.
The Terms of Reference (ToRs) empower the committee to provide structured institutional support for foreign investors, facilitate the resolution of Inland Revenue disputes, and address challenges related to tax law interpretation, refunds, and withholding tax adjustments. To ensure accountability and efficiency, the committee is mandated to meet at least once a month, or on a fortnightly basis if needed, for timely resolution of investor concerns.
An FBR spokesperson noted that this step reflects the government’s commitment to improving the ease of doing business and ensuring clarity for international firms operating in Pakistan. A leading tax expert suggested that the FBR should also explore advance rulings for foreign investors and importers, which could further enhance predictability and encourage sustainable foreign investment.