Islamabad, June 12, 2025 – In a significant legal triumph for the Federal Board of Revenue (FBR), the Islamabad High Court has granted the tax authority the right to recover approximately Rs22 billion (USD 78 million) from Pakistan Mobile Communications Limited (PMCL), widely known as Jazz.
(more…)Tag: FBR
FBR, Pakistan’s national tax collecting agency, plays a crucial role in the country’s economy. Pakistan Revenue is committed to providing readers with the latest updates and developments regarding FBR activities.
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Asset Declaration Becomes Mandatory for Car Buying in Pakistan
Under the Finance Bill 2025, the government of Pakistan has proposed making asset declaration mandatory for purchasing cars and other high-value assets.
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Who’s Really Eligible to Make Transactions in Pakistan?
Pakistan’s financial world has been set ablaze with a storm of debate and confusion: Are you eligible to make financial transactions in Pakistan anymore? This burning question has swept across drawing rooms, boardrooms, and the bustling streets of the country ever since the government unveiled its controversial Budget 2025-26.
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Commissioner empowered to bar transactions under sales tax laws
Islamabad, June 12, 2025 – The Finance Bill 2025 has proposed sweeping powers for the Commissioner Inland Revenue of the Federal Board of Revenue (FBR) to clamp down on individuals and businesses who fail to register under the Sales Tax Act, 1990.
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FBR empowered to fix retail price of Third Schedule goods
Karachi, June 12, 2025 – In a significant move to tighten control over pricing and enhance tax collection, the Federal Board of Revenue (FBR) has been granted the authority to determine the retail price of goods listed under the Third Schedule of the Sales Tax Act, 1990.
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Finance Bill 2025 unleashes Rs600 billion additional tax burden
In a dramatic fiscal move, the Finance Bill 2025 has dropped a heavy hammer on the Pakistani public, proposing an enormous burden of over Rs600 billion in new taxes and enforcement measures.
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FBR to collect banking information of high-risk individuals
Karachi, June 11, 2025 – In a significant development aimed at tightening the noose around tax evaders, the Federal Board of Revenue (FBR) has been granted sweeping powers to obtain information from banks concerning individuals deemed high-risk for tax purposes. This authority has been introduced through the Finance Bill 2025, which proposes a new section—175AA—to the Income Tax Ordinance, 2001.
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FBR’s tax collection target revised down to Rs11.90 trillion for FY25
Islamabad, June 10, 2025 – The federal government has officially revised downward the tax collection target for the Federal Board of Revenue (FBR) for the current fiscal year 2024-25, lowering it to Rs11.90 trillion from the earlier target of Rs12.97 trillion. This downward revision reflects the challenges faced in meeting revenue goals amid ongoing economic pressures.
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Finance Bill 2025: Salient Features of Federal Excise Duty
Islamabad, June 10, 2025 – The Federal Board of Revenue (FBR) has released a summary of significant changes to the Federal Excise Act, 2005, introduced through the Finance Bill 2025. These amendments are part of broader fiscal reforms aimed at improving tax compliance, curbing tax evasion, and streamlining enforcement mechanisms.
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Finance Bill 2025: Salient Features of Income Tax Ordinance
Islamabad, June 10, 2025 – As part of the ongoing fiscal reforms, the Federal Board of Revenue (FBR) has unveiled major amendments to the Income Tax Ordinance, 2001 through the Finance Bill 2025.
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