Government auditors cite persistent enforcement gaps as over 1,180 cases involving unexplained income and assets remain tied up in legal proceedings.
(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 cracks down on hidden retail prices of Third Schedule items
New sales tax order mandates clear retail price and tax display on Third Schedule goods to curb tax evasion
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Gold Traders Asked to Pay 30% Higher Income Tax Than Last Year
FBR and jewellers agree to strengthen tax compliance and establish liaison representatives at Regional Tax Offices
KARACHI: Gold traders across Pakistan have been advised to pay 30% higher income tax than the previous year as part of efforts to improve tax compliance following discussions between the jewellery industry and the Federal Board of Revenue (FBR).
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FBR gets Rs85.6 billion for FY27 salaries and operations
Government raises FBR allocation by 11% to strengthen tax administration, digitalization and revenue collection efforts
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FBR forgoes Rs1.52trn sales tax on POL products due to petroleum levy
Tax Expenditure Report 2026 says exemption on petroleum products remains one of Pakistan’s largest tax expenditures
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FBR grants Rs1.56bn sales tax exemptions on gold imports
Tax Expenditure Report 2026 highlights exemption under Entrustment Scheme to support value-added jewellery exports
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Automotive sector receives Rs258bn customs duty relief: FBR
Tax Expenditure Report 2026 shows automobile industry accounted for nearly 57% of total customs duty concessions in FY2024-25
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PM Shehbaz Sets FBR Revenue Target Above Rs15 Trillion for FY2026-27
Prime minister lauds record tax collection of Rs12.957 trillion and orders further digital reforms at FBR
ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday set a revenue collection target of more than Rs15 trillion for the Federal Board of Revenue (FBR) in fiscal year 2026-27 after the tax authority achieved a record collection during the previous financial year.
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Social security sector tops income tax exemptions with Rs197bn relief: FBR report
Tax Expenditure Report 2026 identifies social security, pensions and the financial sector as the largest beneficiaries of income tax concessions
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Tax exemptions cost Pakistan Rs2.35trn, equal to 2.07% of GDP
Tax Expenditure Report 2026 adopts IMF- and OECD-aligned methodology to provide a more accurate estimate of revenue foregone
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