FBR
OGRA Introduces GIS-Based ‘Raahguzar’ App to Tackle Illegal Fuel Stations in Pakistan
2 min read
The Oil and Gas Regulatory Authority (OGRA), in collaboration with the Federal Board of Revenue (FBR) and the Oil Companies Advisory Council (OCAC), has launched…
Govt to Double Tax on Offshore Digital Services, Enforce Stricter Fraud Penalties
2 min read
ISLAMABAD: The federal government is planning major revisions to the Tax Laws Amendment Bill 2024. These changes propose a 20% income tax on foreign online…
Textile Exports Surge 9.67% to Hit $9.08 Billion in H1 FY25
3 min read
Pakistan Bureau of Statistics (PBS) data shows that exports of textile goods from Pakistan climbed by 9.67% in the first half of fiscal year 2024-25,…
Pakistan’s Telecom Sector Reacts to 300% Increase in Router Prices
3 min read
The Telecom Operators Association (TOA) has expressed strong disapproval of a 300 percent increase in the cost of fibre broadband routers. They argue that this…
Public Reactions Intensify Over FBR’s Rs6bn Honda City Car Procurement
2 min read
The Federal Board of Revenue (FBR) has faced public backlash for deciding to buy 1,010 new Honda City 1.2L CVT cars, which will cost around…
Here’s How Much Pakistan’s Top Telecom Companies Earned in Past 10 Years
2 min read
Pakistan’s top telecom companies, namely Jazz, Zong, and Nayatel, disclosed their financial performance over the past 10 years, highlighting their substantial contributions to the national…
Senate Committee Urges PTA to Lower Taxes on Mobile Phones Amid Affordability Concerns
2 min read
The Senate Standing Committee has called on the Pakistan Telecommunication Authority (PTA) to reconsider mobile phone taxes, with an emphasis on reducing them to more…
PTA Wins Rs. 1.37 Billion Tax Case Against FBR
2 min read
ISLAMABAD: The Pakistan Telecommunication Authority (PTA) secured a significant legal victory against the Federal Board of Revenue (FBR) concerning the unauthorized deduction of Rs. 1.37…
Federal Cabinet Eliminates 15% Additional Tax on Banks
3 min read
ISLAMABAD: On Friday, the federal cabinet, headed by Prime Minister Shehbaz Sharif, approved a law to raise the ordinary income tax rate for banks to…
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…
