Karachi, April 2, 2025 – The Federal Board of Revenue (FBR) has released its latest report, revealing that the automotive sector, particularly Original Equipment Manufacturers (OEMs), leads in availing customs duty relief.
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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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How Much Tax Do You Pay for Property Transactions in Karachi?
Karachi, April 1, 2025 – Property transactions in Karachi are subject to various tax regulations, making the process intricate for buyers and sellers alike.
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FBR Sets New Record with Surge in Active Taxpayers List
Karachi, April 1, 2025 – The Federal Board of Revenue (FBR) has achieved an unprecedented milestone by recording the highest-ever number of Active Taxpayers in Pakistan’s history.
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FBR Must Collect Rs 1.50 Trillion Monthly to Meet FY25 Target
Islamabad, March 30, 2025 – The Federal Board of Revenue (FBR) must achieve a monthly tax collection of Rs 1.50 trillion during the last quarter (April – June) to successfully meet its annual fiscal year 2024-25 target.
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Exporters Under FBR Lens Following Decline in Tax Collection
Karachi, March 29, 2025 – The Federal Board of Revenue (FBR) has initiated a thorough audit of exporters following a notable decline in income tax collection for February 2025.
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FBR Establishes Directorate for Special Customs Initiatives
Islamabad, March 28, 2025 – In a strategic move to strengthen revenue collection and combat illicit trade practices, the Federal Board of Revenue (FBR) has officially established the Directorate General of Special Initiatives – Customs.
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FBR Reports 503% Surge in CGT Collection in February 2025
Karachi, March 28, 2025 – The Federal Board of Revenue (FBR) has reported a remarkable 503% surge in capital gain tax (CGT) collection on a year-on-year (YoY) basis for February 2025, reflecting an unprecedented rise in market activity and investor participation.
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IR Commissioner Faces Major Penalty for Corruption, Misconduct
Islamabad, March 28, 2025 – The Federal Board of Revenue (FBR) has taken decisive action against Commissioner Inland Revenue (IR) Zahid Mahmood, a BS-19 officer, after an inquiry confirmed his involvement in misconduct and corruption.
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FBR Transfers Most Senior Customs Officers to STRAW
Islamabad – The Federal Board of Revenue (FBR) has officially transferred several senior officers of Pakistan Customs Service (PCS) to the newly established Strategic Tariff and Revenue Analysis Wing (STRAW) as part of its restructuring efforts.
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Unresolved System Errors Stall Sales Tax Return Process
Karachi, March 27, 2025 – Taxpayers across Pakistan continue to face difficulties in filing their sales tax returns as persistent technical glitches on the IRIS portal of the Federal Board of Revenue (FBR) remain unresolved, despite an extended deadline.
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