FBR
FBR Imposes Rs. 5 Per Unit Electricity Tax on Steel Manufacturers
The Federal Board of Revenue (FBR) has notified 99 registered iron and steel manufacturers that will now pay sales tax of Rs. 5 per unit of electricity consumed through…
Tax Lawyers Urge FBR to Fix IRIS and Review New Tax Return System
The Pakistan Tax Bar Association (PTBA) has urged the Federal Board of Revenue (FBR) to immediately address legal and technical issues in the newly introduced Income Tax Return…
FBR Announces IRIS System Shutdown Schedule
The Federal Board of Revenue (FBR) has announced that its IRIS portal and related online services will be temporarily unavailable from August 8 to August 10, 2026, due…
FBR Collects Rs. 476 Billion in Taxes Through Electricity Bills in FY26
The Federal Board of Revenue (FBR) collected more than Rs. 476 billion in taxes through electricity bills during FY2025-26, officials informed the Senate Standing Committee on Finance. According to FBR…
Digital Transformation Champions Honoured at Pakistan Public Sector Awards
The Tech Advisory Forum (TAF) and Allied Bank Limited (ABL), in collaboration with Ignite, National Technology Fund and Pakistan Single Window (PSW), successfully hosted the…
New Customs Values Fixed for 70 Mobile Phone Accessories
The Directorate General of Customs Valuation Karachi has officially fixed new customs values for the import of 70 different types of mobile phone accessories. Consequently,…
FBR Launches Helpline for 2026 Income Tax Return Filing Assistance
The Federal Board of Revenue (FBR) has launched a dedicated technical support service to assist taxpayers experiencing problems while filing their Income Tax Returns for Tax…
FBR Collects Rs1.87 Trillion in Taxes Through Electricity Bills Over Four Years
The Federal Board of Revenue (FBR) collected a cumulative Rs1.866 trillion in sales tax and income tax through electricity bills over the last four fiscal…
FBR Targets Five New Industries in Digital Tax Tracking Drive
The Federal Board of Revenue (FBR) will extend its digital production monitoring system to the textile, beverages, steel, poultry, edible oil and ghee, and tyre…
Meezan Bank Loses Supreme Tax Battle to Federal Board of Revenue
Meezan Bank’s legal battle to block the super tax came to an end on July 28 when the Islamabad High Court (IHC) dismissed its constitutional…
FBR Notifies Special Tax Procedure for Small Shopkeepers
The Federal Board of Revenue (FBR) has notified the Special Procedure for Small Shopkeepers for tax year 2026, allowing eligible retailers with annual turnover of…
FBR Uncovers Rs 2.38bn Petrol Smuggling Scandal at Bin Qasim Port
A private oil marketing company has been caught diverting more than 8,300 metric tons of imported petrol from a customs bonded warehouse, in a scandal…
New Finance Act Rule Forces Businesses to Get FBR-Verified Invoice Numbers
The Federal Board of Revenue (FBR) will require taxpayers to issue a verifiable and unique invoice number for every transaction under the Federal Excise Act,…
