President Asif Ali Zardari has forwarded a petition calling for higher taxes on ultra-processed foods and beverages to the finance secretary and Federal Board of Revenue chairman for further review. The move brings renewed attention to growing concerns over dietary risks and the rising burden of non-communicable diseases in Pakistan. The petition was submitted to […]
FBR Pakistan
FBR extends export facilitation scheme, introduces six-month reporting
ISLAMABAD: The Federal Board of Revenue (FBR) has revised the Export Facilitation Scheme (EFS), allowing exporters to avail zero duty and import-stage taxes for 18 months while requiring six-monthly reconciliation statements. Minister of State for Finance Bilal Azhar Kiani said the government extended the utilisation period under EFS from nine months to 18 months, providing […]
FBR orders businesses to link with digital tax system in a week
ISLAMABAD: The Federal Board of Revenue (FBR) has directed a broad range of businesses and service providers to link their operations with its digital tax system within one week, according to a newly issued notification aimed at strengthening documentation of economic activity. Read More: FBR rolls out AI-driven audit for seven million returns Under the directive, […]