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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 power to arrest traders reduced, Kayani confirms reform drive

April 18, 2026April 18, 2026Shahnawaz Akhter

KARACHI, April 18, 2026 – Minister of State for Finance Bilal Azhar Kayani said on Saturday that the arrest powers of Federal Board of Revenue (FBR) officials have been significantly curtailed as part of wider tax and regulatory reforms aimed at improving Pakistan’s business climate.

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FBR reports 163% surge in tax collection from petroleum products

April 18, 2026April 18, 2026Shahnawaz Akhter

Karachi, April 18, 2026 – Pakistan’s Federal Board of Revenue (FBR) said on Saturday that withholding income tax collection from petroleum products rose by 163% over the past five years, driven largely by higher fuel prices and increased consumption.

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Minister Kayani to hold key tax talks with Karachi business leaders

April 17, 2026April 17, 2026Shahnawaz Akhter

KARACHI, April 17, 2026 —Minister of State for Finance, Bilal Azhar Kayani, will hold a series of meetings with business leaders in Karachi over the weekend to discuss key taxation issues ahead of the federal budget for 2026–27, officials said on Friday.

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FBR Pakistan Karachi

FBR probe exposes large-scale corruption in Pakistan Customs

April 16, 2026April 16, 2026Shahnawaz Akhter

Karachi, April 16, 2026 — A sweeping investigation by the Federal Board of Revenue (FBR) has uncovered large-scale corruption within Pakistan Customs, resulting in strict disciplinary action against multiple officials, according to official notifications issued on Thursday.

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pakistan customs

FBR imposes major penalty on customs officer over ‘living beyond means’ finding

April 16, 2026June 20, 2026Shahnawaz Akhter

ISLAMABAD, April 16, 2026 — The Federal Board of Revenue (FBR) has imposed a major penalty of compulsory retirement on a Pakistan Customs intelligence officer after disciplinary proceedings concluded that he was living beyond his known sources of income, according to an official notification issued on Thursday.

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FBR issues new fair market values for Islamabad properties

April 16, 2026April 16, 2026Shahnawaz Akhter

ISLAMABAD, April 16, 2026 — The Federal Board of Revenue (FBR) on Thursday issued revised fair market values for immovable properties in Islamabad, in a move aimed at tightening tax compliance and aligning property valuations with prevailing market rates.

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FBR - Taxation

FBR forms committee to strengthen compliance risk framework

April 16, 2026April 16, 2026Shahnawaz Akhter

ISLAMABAD, April 16, 2026 — The Federal Board of Revenue (FBR) on Thursday constituted a technical committee to review and strengthen its Compliance Risk Management (CRM) framework, aiming to improve tax enforcement efficiency and detect high-risk cases more effectively.

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FBR Pakistan Karachi

FBR clarifies tax rules for builders and developers under Section 7F regime

April 15, 2026April 15, 2026Shahnawaz Akhter

ISLAMABAD, April 15, 2026 —Federal Board of Revenue (FBR) on Wednesday issued revised guidelines for tax collection from builders and developers, aiming to address industry concerns over withholding tax applicability and ease liquidity pressures.

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PM Shehbaz unleashes crackdown on tax fraud and over-invoicing case

April 15, 2026April 15, 2026Mrs. Anjum Shahnawaz

ISLAMABAD, April 15, 2026 – Prime Minister Muhammad Shehbaz Sharif on Wednesday ordered immediate legal action against individuals involved in illegal over-invoicing practices, directing authorities to strengthen enforcement and accountability within Pakistan’s tax and financial monitoring system.

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FBR sets new customs values for imported almonds

April 15, 2026April 15, 2026Shahnawaz Akhter

KARACHI, April 15, 2026 — The Federal Board of Revenue (FBR) has revised customs values for imported almonds in a move aimed at ensuring accurate duty collection and curbing under-invoicing, according to an official valuation ruling issued on Wednesday.

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