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.
-
FBR issues draft insurance guarantee format for export facilitation scheme
Islamabad, November 18, 2025 – The Federal Board of Revenue (FBR) has released a detailed draft of the insurance guarantee format required under Pakistan’s Export Facilitation Scheme (EFS), originally notified through SRO 957(I)/2021.
Written by
-
FBR imposes penalties for 2025 wealth statement non-submission
Karachi, November 18, 2025 – The Federal Board of Revenue (FBR) has announced penalties for taxpayers who fail to submit their wealth statements for the tax year 2025.
Written by
-
Pakistan mandates 100% X-ray scanning for all Afghan transit trade cargo (ATT)
Islamabad, November 17, 2025 – In a significant move to enhance supply chain security and mitigate elevated security risks, Pakistan has mandated 100% Non-Intrusive Inspection (NII) scanning for all consignments under the Afghan Transit Trade (ATT) regime.
Written by
-
FBR issues new SOP for container X-ray scanning in Pakistan
Karachi, November 17, 2025 – The Federal Board of Revenue (FBR) has issued a detailed Standard Operating Procedure (SOP) governing X-ray and Gamma-ray scanning of cargo containers at ports and terminals across Pakistan. The new procedure aims to strengthen border security while ensuring that goods are examined without damaging container integrity.
Written by
-
FBR set to punish withholding agents for concealing key information
Karachi, November 16, 2025 — The Federal Board of Revenue (FBR) is moving toward strict enforcement of penal provisions against withholding agents who fail to provide complete information about individuals involved in major financial transactions.
Written by
-
FBR collects massive Rs7 billion from export of services in FY25
Islamabad, November 15, 2025 – The Federal Board of Revenue (FBR) has collected an impressive Rs7 billion from the export of services during fiscal year 2024-25, marking a significant 30% increase compared to Rs5.38 billion collected in the previous fiscal year.
Written by
-
FBR explains sales tax exemption methodology for businesses
Karachi, November 15, 2025 — The Federal Board of Revenue (FBR) has provided detailed guidance on the methodology for accounting for sales tax exemptions in its tax expenditure reports.
Written by
-
FBR announces withholding tax rates for imports in tax year 2026
Karachi, November 15, 2025 — The Federal Board of Revenue (FBR) has released the updated withholding tax rates for imported goods for the tax year 2026, providing guidance for importers, withholding agents, and other stakeholders.
Written by
-
Appraising officer penalized for aiding misdeclaration at Pakistan Customs
Karachi, November 14, 2025 – The Federal Board of Revenue (FBR) has imposed a major penalty on a Pakistan Customs appraising officer after he was found guilty of facilitating misdeclaration that benefitted importers and caused significant revenue loss to the national exchequer.
Written by
-
FBR reports eight-fold rise in FY2025 revenue through enforcement measures
Islamabad, November 14, 2025 — The Federal Board of Revenue (FBR) announced a remarkable eight-fold increase in revenue collection for the fiscal year 2024–25, attributing the surge to new enforcement initiatives, governance reforms, and enhanced transparency.
Written by