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 Extends Tax Return Filing Deadline to October 15, 2025

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

The Federal Board of Revenue (FBR) has officially extended the deadline for filing income tax returns for the Tax Year 2025, moving it from September…

FBR Expected to Extend Tax Return Deadline to Oct 14

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

The Federal Board of Revenue (FBR) is expected to extend the income tax return filing deadline for Tax Year 2025 from September 30 to October…

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 Removes Property Value Column from Tax Return Forms

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

The federal government has withdrawn the controversial “Estimated Fair Market Value” column from this year’s income tax return forms, after recommendations from a high-level committee…

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.…

FBR Targets Social Media Influencers With Lifestyle Monitoring Cell to Catch Tax Evasion

By Abdul Wasay ⏐ 2 months ago ⏐ Newspaper Icon Newspaper Icon 3 min read

The Federal Board of Revenue (FBR) in Pakistan has established a new 40-member Lifestyle Monitoring Cell in a bold move to combat tax evasion. 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.…

Cars, Cigarettes to Get Costlier as Govt Plans Mini-Budget for Flood Relief

By Sabica Tahira ⏐ 3 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

The government is preparing a mini-budget that may burden consumers with higher prices on imported cars, cigarettes, and electronics, aimed at raising revenue for flood…

Faceless Customs System Causes Rs100bn Loss in Three Months

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

The Faceless Customs Assessment (FCA) system, launched by Prime Minister Shehbaz Sharif in Karachi last year to combat corruption, has caused a staggering Rs100 billion…

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…

Ex-FBR Chief Warns Crypto May Rival Hawala in Usage

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

Former Federal Board of Revenue (FBR) chairman and economist Shabbar Zaidi has warned that cryptocurrencies could rival hawala in usage, even though cryptocurrency regulation in…

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