In a revelation that has sent shockwaves through the country’s economic corridors, the Federal Board of Revenue (FBR) has officially admitted that high tax rates and rigid fiscal policies are triggering an alarming capital flight to Dubai.
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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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FBR eyes harsher penalties for retailers in budget 2025-26
Islamabad, May 22, 2025 – In a major move to curb tax evasion, the Federal Board of Revenue (FBR) is set to propose significantly heavier penalties on non-compliant retailers in the upcoming federal budget for 2025-26.
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FBR seeks data on officials receiving both salary and pension
Islamabad, May 21, 2025 – The Federal Board of Revenue (FBR) has initiated a detailed investigation to identify federal officials who are simultaneously drawing a salary and pension.
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FBR cracks down on 72 Pakistanis’ foreign income, assets secrets
Karachi, May 21, 2025 – In a bold and dramatic move, the Federal Board of Revenue (FBR) has zeroed in on 72 ultra-wealthy and influential individuals, launching a high-stakes investigation into their foreign income and offshore assets.
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FBR boots corrupt officer over weapons, smuggling, luxury assets
ISLAMABAD, May 21, 2025 – In a shocking move that has rattled the corridors of Pakistan’s civil service, the Federal Board of Revenue (FBR) has officially dismissed Inspector Customs Syed Momin Hussain Shah from service, following a sensational corruption scandal involving illegal weapons, smuggling, and undeclared luxury assets worth Rs150 million.
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Tax credits likely to be restored in FY26 budget to boost investment
ISLAMABAD, May 21, 2025 – The federal government is working on several proposals to encourage investment and strengthen the corporate sector in the upcoming budget for fiscal year 2025-26. Among the key recommendations under serious consideration is the restoration of tax credits, which were previously available for investments in equity mutual funds and initial public offerings (IPOs).
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MTO Karachi, ABAD discuss tax issues in construction sector
Karachi – In a significant move to address long-standing tax concerns within Pakistan’s construction sector, the Medium Taxpayers Office (MTO) Karachi and the Association of Builders and Developers of Pakistan (ABAD) held a comprehensive dialogue on Tuesday.
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PM Shehbaz orders swift implementation of FBR reforms
Islamabad, May 20, 2025 – Prime Minister Muhammad Shehbaz Sharif on Tuesday directed the Federal Board of Revenue (FBR) to expedite and fully implement ongoing tax reforms with a particular emphasis on digitization, automation, and transparency in the national tax system.
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FBR issues SOP to boost tax assessment order quality
Islamabad, May 20, 2025 – The Federal Board of Revenue (FBR) has issued a comprehensive Standard Operating Procedure (SOP) aimed at strengthening the quality and accuracy of tax assessment orders across the country.
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FBR concludes super tax case arguments in Supreme Court
Islamabad – The Supreme Court of Pakistan on Monday adjourned proceedings in the high-profile super tax case until May 22, after the Federal Board of Revenue (FBR) concluded its arguments.
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