The National Assembly Standing Committee on Finance strongly criticized the government and the Federal Board of Revenue (FBR) on Friday for bypassing Parliament by enforcing the Tax Laws (Amendment) Ordinance, 2025.
(more…)Tag: Federal Board of Revenue
The Federal Board of Revenue is Pakistan’s apex tax agency, overseeing tax collection and policies. Pakistan Revenue is committed to providing timely updates on the Federal Board of Revenue to its readers.
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FBR reveals massive tax evasion in tobacco and poultry sectors
ISLAMABAD – Chairman Federal Board of Revenue (FBR), Rashid Mahmood Langrial, has revealed large-scale tax evasion in Pakistan’s tobacco and poultry sectors, amounting to nearly Rs400 billion annually.
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Expected tax rate cuts for salaried individuals in budget 2025-26
The upcoming federal budget for 2025-26 is expected to include significant relief measures for salaried individuals, with a key focus on easing the tax burden.
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FBR strikes legal gold, recovers Rs36 billion fast
Islamabad, May 9, 2025 – The Federal Board of Revenue (FBR) has significantly strengthened its litigation management framework, marking notable progress in the resolution of long-pending revenue disputes.
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FBR imposes major penalty on female IRS officer (BS-18)
Islamabad, May 8, 2025 – The Federal Board of Revenue (FBR) has imposed a major penalty on Ms. Kiran Zahra, a BS-18 officer of the Inland Revenue Service (IRS), following disciplinary proceedings related to her prolonged unauthorized absence from duty.
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FBR seals famous jewelry shop in Karachi over POS violation
Karachi, May 7, 2025 – In a decisive move to tighten regulatory control over the gold trade, the Federal Board of Revenue (FBR) on Wednesday sealed a prominent jewelry shop located on Karachi’s Tariq Road for failing to comply with Point of Sale (POS) integration requirements.
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FBR cracks down on gold trade to curb money laundering
KARACHI, May 6, 2025 — In response to the sharp surge in gold prices and the growing risks of financial crimes, the Federal Board of Revenue (FBR) has intensified its efforts to monitor money laundering activities in Pakistan’s gold trade sector.
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FBR to establish tax facilitation counter for Karachi businesses
Karachi, May 6, 2025 – In a significant move to strengthen ties with the business sector and improve transparency, the Federal Board of Revenue (FBR) has announced the establishment of a dedicated tax facilitation counter in Karachi.
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Key measures in Tax Laws (Amendments) Ordinance, 2025
The Tax Laws (Amendments) Ordinance, 2025 has introduced several significant changes to the Income Tax Ordinance, 2001 (ITO 2001) and the Federal Excise Act, 2005.
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FBR mulls tax on high pensions, income tax relief in FY26 budget
As Pakistan gears up for Budget 2025-26, the Federal Board of Revenue (FBR) is actively working on two major fiscal proposals — imposing a tax on high-value pensions and increasing the income tax exemption threshold for salaried individuals.
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