FBR
New Tax Relief for Overseas Pakistanis Investing in Real Estate
2 min read
KARACHI: Overseas Pakistanis can now enjoy exemption from higher taxes under Sections 236C and 236K, regardless of their inclusion on the Active Taxpayers List (ATL).…
Only 600,000 of 3.3 Million Top Pakistani Earners File Taxes; FBR Report
2 min read
The Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial has revealed that Pakistan’s top 5% income earners owe an alarming Rs. 1.6 trillion in…
FBR Partners with Banks to Tackle Tax Evasion with Account Insights
2 min read
KARACHI: Pakistani authorities are intensifying efforts to combat tax evasion by introducing stricter measures to ensure compliance. As part of this initiative, banks will now…
FBR to Impose Strict Restrictions on Non-Filers: Ban on Vehicle, Property Purchases, and Bank Transactions
2 min read
The government is set to implement stricter measures against non-filers, imposing a ban on several financial and property-related activities. Non-filers will be prohibited from purchasing…
Pak Govt to Centralize Citizen Data through ‘Digital ID’ Bill for Improved Governance, E-services
2 min read
The federal government is set to present the Digital Nation Pakistan Bill, 2024 in the National Assembly today, introducing a unified digital identity for every…
FBR Enhances Customs Operations with Faceless System at Karachi Port
3 min read
KARACHI: The Federal Board of Revenue (FBR) has implemented the Faceless Customs Assessment (FCA) system in Karachi as part of its transformation plan, beginning on…
Vehicle Registration Cancellations to Begin in Islamabad for Unpaid Token Tax
2 min read
The Excise and Taxation Department of Islamabad has announced that starting January 1, 2024, vehicle registrations will be canceled for owners who fail to pay…
FBR Withdraws Draft Notification After Baggage Rules Misinterpretation
2 min read
In a recent development, the Federal Board of Revenue (FBR) issued a clarification regarding its draft SRO 2028(I)/2024 dated December 6th, 2024, which proposed amendments…
FBR Chairman Restores Policy Permitting Passengers to Bring Two Mobile Phones
2 min read
The Federal Board of Revenue (FBR) Chairman, Rashid Mahmood Langrial, has reinstated the old policy that permits passengers arriving from abroad to bring two mobile…
Startups from Shark Tank Pakistan Face Scrutiny by FBR Over Tax Discrepancies
2 min read
The Federal Board of Revenue (FBR) is reportedly scrutinizing startups that appeared on the first season of Shark Tank Pakistan. The news was shared by…
FBR Proposes Limits on Mobile Phones and Commercial Imports Over $1,200
2 min read
The Federal Board of Revenue (FBR) has proposed new regulations under the baggage scheme, which impose a limitation on travelers, permitting them to bring no…
Govt Forms Committee to Revise Fiscal Measures on Bank Profits from Government Securities
2 min read
The government has decided to introduce alternate fiscal schemes targeting the profits generated by banks through investments in government securities. This decision occurs against the…
Pakistan’s New Plan to Combat Vehicle Smuggling
2 min read
KARACHI: Pakistan Customs has restricted the use of smuggled and tampered automobiles by government officials to curb the misuse of authority. This policy ensures that…
Latest News
