Pakistan Revenue
Islamabad, May 8, 2026 – Leading business tycoons and industrial stakeholders on Friday urged the government to pursue balanced tariff rationalization policies to support industrial growth, exports and investment in Pakistan’s manufacturing sector.
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KARACHI – The Pakistan Business Council (PBC) has urged the Federal Board of Revenue (FBR) to withdraw what it described as “illegal” notices for the recovery of default surcharge on super tax, warning that the move could undermine business confidence and economic stability.
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Islamabad: Leading corporate bodies of Pakistan have urged the International Monetary Fund (IMF) to help abolish the super tax, reduce corporate tax in a phased manner, and rationalize advance and withholding taxes to ease the burden on compliant businesses and revive economic growth.
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Karachi, October 8, 2025 – The Pakistan Business Council (PBC) has raised concerns over an error in the calculation of tax credit on the Federal Board of Revenue’s (FBR) IRIS portal used for filing 2025 income tax returns.
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Karachi, June 23, 2025 – The Pakistan Business Council (PBC) has strongly criticized the sweeping and excessive powers proposed to be granted to the Federal Board of Revenue (FBR) in the Finance Bill 2025, terming them “draconian” and detrimental to the investment climate in the country.
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Karachi, February 24, 2025 – The Pakistan Business Council (PBC) has urged the Federal Board of Revenue (FBR) to introduce restrictions on the number of vehicles an individual can purchase in order to curb benami transactions.
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Karachi, February 20, 2025 – The Pakistan Business Council (PBC) has urged the Federal Board of Revenue (FBR) to gradually eliminate the minimum turnover tax in the federal budget for the fiscal year 2025-26.
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Karachi, February 18, 2025 – The Pakistan Business Council (PBC) has raised concerns over the high tax rates on salaried individuals, warning that these excessive rates are driving skilled professionals to seek opportunities abroad, resulting in a significant brain drain.
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Karachi, February 17, 2025 – The Pakistan Business Council (PBC) has put forward a significant proposal to the Federal Board of Revenue (FBR), recommending that wealth reconciliation be made mandatory for all tax return filers.
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Karachi, February 17, 2025 – The Pakistan Business Council (PBC) has urged the Federal Board of Revenue (FBR) to revise and increase the refund processing limits for exporters to facilitate business operations and improve liquidity.
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