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Prime minister lauds record tax collection of Rs12.957 trillion and orders further digital reforms at FBR
ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday set a revenue collection target of more than Rs15 trillion for the Federal Board of Revenue (FBR) in fiscal year 2026-27 after the tax authority achieved a record collection during the previous financial year.
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Tax Expenditure Report 2026 identifies social security, pensions and the financial sector as the largest beneficiaries of income tax concessions
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Tax Expenditure Report 2026 adopts IMF- and OECD-aligned methodology to provide a more accurate estimate of revenue foregone
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Finance Act 2026 increases withholding tax from 6% to 7% on a broad range of service payments
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Senator Muhammad Aurangzeb credits tax reforms, digital transformation, and FBR officials for record revenue collection and improved fiscal stability.
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Pakistan Customs posts record June collections as annual import tax revenue rises 13.6% to Rs4.69 trillion
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2,205 requests approved under AML/CFT portal as FBR meets IMF transparency benchmark
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Taxpayers can avoid surcharge by pledging not to acquire any property for six months
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Amendment to Income Tax Ordinance establishes centralized banking data repository for algorithm-based tax compliance checks
(more…)Banks and electronic money institutions must report transactions exceeding Rs100 million every six months under new digital compliance regime
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