ISLAMABAD, May 21, 2025 – The federal government is working on several proposals to encourage investment and strengthen the corporate sector in the upcoming budget for fiscal year 2025-26. Among the key recommendations under serious consideration is the restoration of tax credits, which were previously available for investments in equity mutual funds and initial public offerings (IPOs).
(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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MTO Karachi, ABAD discuss tax issues in construction sector
Karachi – In a significant move to address long-standing tax concerns within Pakistan’s construction sector, the Medium Taxpayers Office (MTO) Karachi and the Association of Builders and Developers of Pakistan (ABAD) held a comprehensive dialogue on Tuesday.
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PM Shehbaz orders swift implementation of FBR reforms
Islamabad, May 20, 2025 – Prime Minister Muhammad Shehbaz Sharif on Tuesday directed the Federal Board of Revenue (FBR) to expedite and fully implement ongoing tax reforms with a particular emphasis on digitization, automation, and transparency in the national tax system.
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FBR issues SOP to boost tax assessment order quality
Islamabad, May 20, 2025 – The Federal Board of Revenue (FBR) has issued a comprehensive Standard Operating Procedure (SOP) aimed at strengthening the quality and accuracy of tax assessment orders across the country.
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FBR concludes super tax case arguments in Supreme Court
Islamabad – The Supreme Court of Pakistan on Monday adjourned proceedings in the high-profile super tax case until May 22, after the Federal Board of Revenue (FBR) concluded its arguments.
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World Bank-funded experts reviewing FY26 budget proposals
Pakistan is receiving support from top tax experts, financed by the World Bank, to review and evaluate proposals for the upcoming fiscal year 2025-26 budget.
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LTO Karachi signals possible salary tax relief in budget 2025–26
Karachi, May 19, 2025 – The Large Taxpayers Office (LTO) Karachi has indicated that the salaried class may receive some much-needed relief in the forthcoming federal budget 2025–26.
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Tajir Dost Scheme ends in failure, confirms IMF
The Federal Board of Revenue’s (FBR) much-hyped Tajir Dost Scheme — an initiative designed to bring retailers and traders into the formal tax net — has officially ended in failure, according to the latest International Monetary Fund (IMF) country report on Pakistan, released on May 17, 2025.
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FBR targets high-risk taxpayers in real estate and retailers
Islamabad, May 18, 2025 – The Federal Board of Revenue (FBR) has intensified its efforts to crack down on high-risk taxpayers, particularly within Pakistan’s booming real estate and retail sectors.
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FBR expands transit fee on Afghan goods through new SRO
Islamabad, May 18, 2025 – The Federal Board of Revenue (FBR) has formally issued SRO 816(I)/2025 to expand the scope of the transit fee imposed on commercial goods destined for Afghanistan through Pakistan.
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