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.
ICAP proposes monthly CNIC-linked banking data reporting and AI-driven analysis to help FBR detect undeclared income and improve tax compliance
The Institute of Chartered Accountants of Pakistan (ICAP) has called for the Federal Board of Revenue (FBR) to significantly expand its use of banking data, recommending monthly digital transaction reporting to improve tax compliance and curb Pakistan’s large informal economy.
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Updated valuation expected to impact import duties and tyre pricing across Pakistan
KARACHI, June 6, 2026 — The Federal Board of Revenue (FBR) has revised the customs values of imported tyres and tubes for passenger vehicles, a move expected to affect import duties and overall pricing in Pakistan’s automotive sector.
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New tax facilitation initiative offers incentives and simplified compliance, but success will depend on enforcement and long-term participation
Pakistan’s latest Tax Facilitation Scheme for small traders arrives with promises that have become familiar over the years: broadening the tax base, simplifying compliance and encouraging voluntary registration of millions of retailers operating outside the formal economy. While the initiative offers several attractive incentives, including a one-page declaration form, a fixed tax rate of one percent of turnover, exemption from Point of Sale (POS) requirements and protection from routine audits, it also revives an important question: why should this scheme succeed where numerous trader documentation drives have failed?
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FBR converts proposed major penalty into minor disciplinary action, reinstates officer with conditions
ISLAMABAD, June 4, 2026 — The Federal Board of Revenue (FBR) has cleared a Pakistan Customs inspector posted in Lahore in a corruption-related disciplinary case, converting a previously recommended major penalty into a minor punishment after departmental review.
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New 20-acre facility in Karachi to enhance cargo handling and customs clearance capacity for imports and exports
ISLAMABAD, June 4, 2026 — The Federal Board of Revenue (FBR) has declared M/s International Cargo Terminal Pakistan (Pvt) Ltd. (ICTPL), Karachi, as an off-dock customs terminal for the clearance of import and export consignments, a move aimed at strengthening logistics infrastructure and facilitating trade operations.
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Beverage manufacturers directed to install real-time production monitoring systems by June 30, 2026
ISLAMABAD, June 4, 2026 — The Federal Board of Revenue (FBR) has launched an electronic production monitoring regime for manufacturers of aerated waters and beverages across Pakistan, requiring all registered producers to install the prescribed monitoring infrastructure by June 30, 2026.
(more…)Former PSP officer to head key body tasked with identifying and confiscating assets held through proxy ownership under Benami law
The federal government has appointed retired BS-22 Police Service of Pakistan officer B.A. Nasir as Chairperson of the Benami Adjudicating Authority, according to a notification issued by the Federal Board of Revenue (FBR).
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Adviser says revised projections reflect macroeconomic changes, denies claims of fiscal shortfall or revenue crisis
Pakistan has revised downward the Federal Board of Revenue’s (FBR) tax collection target for fiscal year 2025-26 (FY26) to around Rs13 trillion, down from the original Rs14.13 trillion, according to the Finance Ministry adviser, who said earlier claims of a large revenue shortfall were misleading.
(more…)Revenue shortfall nears Rs868 billion as tax authorities intensify enforcement efforts before fiscal year-end.
Taxpayers are likely to face heightened scrutiny in June as the Federal Board of Revenue (FBR) prepares an aggressive enforcement drive to maximize revenue collection and reduce a substantial shortfall before the close of fiscal year 2025-26.
(more…)Medium Taxpayers’ Office Karachi surpasses revenue goal with strong income tax and sales tax growth, boosting FBR’s fiscal outlook.
The Medium Taxpayers’ Office (MTO) Karachi has exceeded its tax collection target for May 2026, achieving the milestone two days before month-end and delivering a strong boost to the Federal Board of Revenue’s (FBR) revenue performance ahead of the fiscal year close.
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