FBR
Banks Announce Extended Working Hours for FBR Tax Payments
The Federal Board of Revenue (FBR) has requested a major schedule change. Consequently, commercial banks and National Bank of Pakistan (NBP) branches handling customs collections…
FBR Seizes Rs. 3 Crore From Citizen’s Bank Account Over Forged Documents
The Federal Board of Revenue (FBR) recently seized Rs. 30 million directly from a Pakistani citizen’s bank account. This aggressive recovery followed the citizen’s failure…
Used Car Import Exemption Triggers Fresh Clash Between Govt and Auto Industry
The Ministry of Commerce has issued two directives clarifying Pre-Shipment Inspection (PSI) certificate requirements and granting a conditional, one-time waiver for used vehicles imported under…
AGP Audit Report Flags Billions in Financial Irregularities Across Federal Entities
Auditor General of Pakistan Maqbool Ahmad Gondal has identified financial irregularities worth billions of rupees across dozens of federal divisions and departments in the annual…
NA Finance Committee Backs 20pc Cut in Smartphone Taxes, Recommends Abolition of Regulatory Duty
The Federal Board of Revenue (FBR) Chairman Rashid Langrial on Saturday informed the National Assembly Standing Committee on Finance that taxes on mobile phones would…
Lawmakers Reject FBR Proposal To Access Bank Account Data
A parliamentary committee on Friday rejected a government proposal allowing the tax authority direct access to taxpayer bank account data within various scheduled national banks.…
FBR Offices to Remain Open on June 27-30 for End-of-Year Tax Collection
The Federal Board of Revenue has announced that all its field formations across the country will remain operational on June 27 and 28, 2026, despite…
NA Panel Approves Higher Surcharge for Late Tax Return Filing
The NA Standing Committee on Finance has approved a proposal to raise surcharges imposed on taxpayers who file their returns late, along with a separate…
FBR Reports Rs40 Million Tobacco Tax Theft To Senate Panel
The Federal Board of Revenue (FBR) reported an estimated annual tobacco tax theft of Rs40 million to a Senate sub-committee on Thursday during an official…
FBR Revises Customs Valuation, Making Imported Seamless Steel Pipes More Expensive
The Federal Board of Revenue (FBR) has revised the customs valuation mechanism for imported carbon steel seamless pipes, a move that is expected to increase…
How Overseas Pakistanis Can Avoid PTA/FBR Mobile Phone Taxes for 120 Days
Mobile connectivity often becomes a headache for overseas Pakistanis right after landing in the country. To solve this, the Pakistan Telecommunication Authority (PTA) offers a…
IMF Rejects Real Estate Tax Relief Package in Budget FY 2026‑27
The International Monetary Fund (IMF) has formally opposed the construction sector incentive package announced in the federal budget for the upcoming fiscal year 2026-27. The…
Senate Panel Approves Tax On Insurance Profits in Finance Bill
The Senate Standing Committee on Finance has approved proposals to impose a tax on profits earned from insurance policies, as part of the ongoing review…
