IMF Agrees to Revise Pakistan’s Tax Collection Target for FY2025

By Manik Aftab ⏐ 2 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

The International Monetary Fund (IMF) has agreed in principle to reduce Pakistan’s tax collection target for the ongoing fiscal year by Rs160 billion. Under the…

Pakistan Business Council Urges FBR to Fix Tax Credit Error in IRIS System for Tax Year 2025

By Zohaib Shah ⏐ 2 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

The Pakistan Business Council (PBC) has raised concerns over a major technical error in the Federal Board of Revenue’s (FBR) IRIS system, which has affected…

Foreign Investors Urges FBR to Clear Rs96.6bn in Pending Tax Refunds

By Manik Aftab ⏐ 2 months ago ⏐ Newspaper Icon Newspaper Icon 3 min read

The Overseas Investors Chamber of Commerce and Industry (OICCI) has urged the Federal Board of Revenue (FBR) to expedite the settlement of long-pending tax refund…

Sindh Extends Agricultural Income Tax Return Deadline

By Manik Aftab ⏐ 2 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

The Sindh Revenue Board (SRB) has extended the Agricultural Income Tax return filing deadline to October 31, following the approval of the provincial government. The…

FBR Officials Face Probe After Maladministration Case Referred by FTO

By Manik Aftab ⏐ 2 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

The Federal Board of Revenue is facing an internal probe after the Federal Tax Ombudsman (FTO) referred a maladministration case involving senior tax officials to…

FBR Busts Rs384m Scam Involving PlayStations and Macs

By Manik Aftab ⏐ 2 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

The Federal Board of Revenue (FBR) has exposed a Rs384 million duty and tax evasion scam at Karachi Airport, seizing high-value electronics, including PlayStations and…

FBR Reports Major Tax Deficit in First Quarter of FY2025-26

By Zohaib Shah ⏐ 2 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

The Federal Board of Revenue faced a sharp setback in the first quarter of fiscal year 2025-26. Official data shows the FBR collected Rs. 2,885…

FBR Flags 14,000 Jewelers for Not Filing Tax Returns

By Manik Aftab ⏐ 2 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

The Federal Board of Revenue (FBR) has flagged more than 14,000 jewelers for failing to file income tax returns, while thousands of others either declared…

FBR Clarifies No Change in Income Tax Return Form 2025

By Sabica Tahira ⏐ 2 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

It has been observed that certain elements are spreading misleading information on various social media groups regarding the Income Tax returns for tax year 2025.…

Supreme Court Examines Legality of Super Tax on High Earners

By Manik Aftab ⏐ 2 months ago ⏐ Newspaper Icon Newspaper Icon 3 min read

The Super Tax came under legal scrutiny on Monday as senior counsel Ahmed Jamal Sukhera argued before the Supreme Court’s Constitutional Bench (CB) that the…

FBR Crackdown on Jewelers as 60,000 Shops Face Tax Investigation

By Manik Aftab ⏐ 2 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

The Federal Board of Revenue (FBR) has launched a major crackdown on jewelers, compiling data on more than 60,000 businesses across Pakistan to curb widespread…

FBR Goes After 100,000 Influencers Showing Off Wealth Online

By Manik Aftab ⏐ 3 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

The Federal Board of Revenue (FBR) has launched a crackdown on 100,000 influencers and wealthy individuals who are flaunting their wealth on social media platforms.…

FBR Deploys New IRIS Registry Version for Taxpayers

By Manik Aftab ⏐ 3 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

The Federal Board of Revenue (FBR) has announced the successful deployment of a new registry version on its IRIS portal, aimed at improving efficiency and…

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