Karachi, March 11, 2026 – The State Bank of Pakistan has reported that large-scale cash withdrawals wiped out Rs790 billion from the country’s banking system in a single month, highlighting continued liquidity movement among depositors.
(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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PM Shehbaz orders FBR to offer digital tax services in Urdu and regional languages
Islamabad, March 11, 2026 – Prime Minister Shehbaz Sharif on Tuesday directed the Federal Board of Revenue (FBR) to provide digital tax services in Urdu and other regional languages to improve taxpayer accessibility and compliance. The move aims to make platforms like the Auto Tax System, Digital Invoicing System, IRIS, and other FBR applications more user-friendly for citizens across Pakistan.
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Langrial assures businesses of action against corrupt FBR officials
Islamabad, March 10, 2026 – Rashid Mahmood Langrial, chairman of the Federal Board of Revenue (FBR), has assured the business community that strict disciplinary action will be taken against tax officials involved in corruption or misconduct.
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FBR parks 60% vehicles, orders 50% staff to work from home under austerity
Islamabad, March 10, 2026 – The Federal Board of Revenue (FBR) has implemented strict austerity measures in line with the federal government’s recent directives amid the ongoing fuel crisis. Effective immediately, 60% of official vehicles have been parked, and 50% of staff have been directed to work from home.
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Is Foreign Investment Tax Exempt in Pakistan? What to Know in 2026
Foreign investors considering opportunities in Pakistan often ask whether their investment income is tax-exempt. In 2026, Pakistan provides significant tax incentives for certain foreign investments under the Income Tax Ordinance, 2001, particularly through Section 44A, which links tax exemptions to the Foreign Investment (Promotion and Protection) Act, 2022.
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FBR introduces new SOPs for arrests in sales tax fraud cases
ISLAMABAD: The Federal Board of Revenue (FBR) has introduced a new Standard Operating Procedure (SOP) outlining the process for inquiries, investigations, prosecutions, and arrests in sales tax fraud cases under Section 37A of the Sales Tax Act 1990.
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FBR assures IMF of meeting FY26 tax target with new plan
Islamabad, March 6, 2026 – The Federal Board of Revenue (FBR) has shared a detailed revenue collection strategy with the International Monetary Fund (IMF), expressing confidence that Pakistan will achieve its revised tax target for the fiscal year 2025–26 despite a significant shortfall in collections so far.
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Can FBR stop a tax defaulter from leaving Pakistan? explained
The Federal Board of Revenue (FBR) has the legal authority to stop a person from leaving the country if they have outstanding tax liabilities or are suspected of trying to evade payment by permanently departing Pakistan. This authority is granted under Section 145 of the Income Tax Ordinance, 2001 and Rule 70 of the Income Tax Rules, 2002.
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FBR launches national cargo tracking system and e-Bilty mechanism
Islamabad: The Federal Board of Revenue (FBR) on Thursday initiated the design phase of a National Cargo Tracking System (CTS) along with an integrated e-Bilty mechanism, marking a significant step toward digitizing cargo monitoring, improving tax compliance, and curbing smuggling across Pakistan.
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FBR extends income tax concession on sugar imports
Islamabad, March 5, 2026: The Federal Board of Revenue (FBR) on Thursday announced the extension of the income tax concession on the import of white crystalline sugar until February 28, 2026. The move aims to stabilize domestic sugar prices and support local market supply.
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