• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Trending:
  • Kashmir
  • Elections
Sunday, June 28, 2026

Daily Times

Your right to know

  • HOME
  • Latest
  • Iran-Israel war
  • Gilgit Baltistan Election
  • Pakistan
    • Balochistan
    • Gilgit Baltistan
    • Khyber Pakhtunkhwa
    • Punjab
    • Sindh
  • World
  • Editorials & Opinions
    • Editorials
    • Op-Eds
    • Commentary / Insight
    • Perspectives
    • Cartoons
    • Letters to the Editor
    • Featured
    • Blogs
      • Pakistan
      • World
      • Lifestyle
      • Culture
      • Sports
  • Business
  • Sports
  • E-PAPER
    • Lahore
    • Islamabad
    • Karachi

FBR

SHC strikes down FBR monitoring order

June 27, 2026 by Zuha shahzad

The Sindh High Court (SHC) has declared a Federal Board of Revenue (FBR) office order appointing officers to monitor a private business as null and void, ruling that the tax authority’s monitoring powers are subject to legal safeguards and cannot be exercised without proper justification. During the hearing, the court observed that while the Sales […]

Filed Under: Business, Pakistan Tagged With: FBR, Judiciary, Latest, Pakistan, Sales Tax Act, Sindh High Court, tax monitoring

Finance Bill proposes major tax and compliance reforms

June 23, 2026 by Zuha shahzad

Islamabad: The federal government has proposed a wide range of tax, compliance and digital enforcement measures in the Finance Bill, with the new provisions expected to take effect from July 1, subject to parliamentary approval. Among the key proposals is a 15-year sales tax exemption for Pakistan International Airlines (PIA) on the purchase of aircraft. […]

Filed Under: Business, Pakistan Tagged With: Digital tax system, FBR, federal budget, finance bill 2026, Income Tax Ordinance, Latest, Pakistan taxes

Pakistan aims to bring 3.5 million shopkeepers into tax net this fiscal year

June 20, 2026 by Zuha shahzad

ISLAMABAD: Pakistan’s Minister of State for Finance and Revenue Bilal Azhar Kayani has announced that the government plans to bring approximately 3.5 million shopkeepers into the tax net during the current fiscal year as part of efforts to broaden the country’s tax base and strengthen the economy. Speaking during the debate on the federal budget […]

Filed Under: Business, Pakistan Tagged With: Bilal Azhar Kayani, economy, FBR, Latest, Pakistan budget 2026-27, shopkeepers, Tax Net

Senate panel approves penalty for overstating tax credits claims in returns

June 19, 2026 by Zuha shahzad

ISLAMABAD: The Senate Standing Committee on Finance has approved a proposal to impose penalties on taxpayers who falsely claim excessive tax credits in their income tax returns, as authorities move to tighten tax compliance measures. During a committee meeting, officials from the Federal Board of Revenue (FBR) informed lawmakers that individuals found claiming tax credits […]

Filed Under: Business, Pakistan Tagged With: Active Taxpayers List, ATL, FBR, Latest, Pakistan economy, Senate Finance Committee, Tax returns

FBR says 9,000 Pakistanis hold billions in deposits but pay no income tax

June 17, 2026 by Zuha shahzad

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Rashid Langrial has revealed that around 9,000 individuals in Pakistan collectively hold bank deposits worth Rs750 billion despite paying no income tax, highlighting significant gaps in the country’s tax system. The disclosure was made during a meeting of the National Assembly Standing Committee on Finance, chaired by Syed […]

Filed Under: Business, Pakistan Tagged With: FBR, income tax, Latest, Lead4, National Assembly, Pakistan economy, Rashid Langrial, tax reforms

Finance minister signals eventual end to super tax

June 15, 2026 by Zuha shahzad

ISLAMABAD: Finance Minister Muhammad Aurangzeb has indicated that the government intends to gradually phase out the super tax, describing its eventual elimination as a key policy objective. Speaking during a meeting of the Senate Standing Committee on Finance, the finance minister said the government’s direction was clear and focused on ending the super tax over […]

Filed Under: Business, Pakistan Tagged With: FBR, Latest, Lead2, muhammad aurangzeb, Pakistan economy, Senate Finance Committee, super tax, tax policy

Govt to assign FBR tax collection target of Rs 15,000 billion

June 13, 2026 by Sajid Salamat

The federal government has recommended assigning a tax collection target of Rs15,000 billion to the Federal Board of Revenue (FBR) for fiscal year 2026-27. According to sources, the federal government also decided to enhance the percentage of the climate levy in the Budget 2026-27. Measures being taken to impose additional taxes amounting to Rs800 billion […]

Filed Under: Uncategorized Tagged With: FBR, Federal Board of Revenue

Tax relief proposals await IMF approval before FY27 budget

June 8, 2026 by Zuha shahzad

The federal government is awaiting approval from the International Monetary Fund (IMF) for a package of tax relief measures ahead of the 2026-27 budget, while simultaneously negotiating new revenue-generating proposals to meet ambitious tax collection targets. Read More: Budget 2026 sees tax reform proposals According to officials, the proposed relief package includes reductions in income tax slabs for […]

Filed Under: Business Tagged With: FBR, Federal Budget 2026-27, GST, IMF, Latest, Pakistan economy, Tax relief

FBR to monitor social media wealth of non-filers from July 2026

June 8, 2026 by Zuha shahzad

The Federal Board of Revenue (FBR) has decided to launch a major crackdown on non-filers who display lavish lifestyles on social media without paying taxes in line with their apparent wealth, according to official sources. Read More: FBR eyes action against non–filer social media influencers The operation is expected to begin from July 1, 2026, with monitoring of […]

Filed Under: Business, Pakistan Tagged With: FBR, Latest, NADRA, non-filers, Pakistan taxes, Social media monitoring, tax evasion

FTO rules tax recovery under Section 175C without due process illegal

June 3, 2026 by Sajid Salamat

The Federal Tax Ombudsman (FTO) has held that obtaining tax deposits from taxpayers during proceedings under Section 175C of the Income Tax Ordinance, 2001, without subsequently determining liability through the prescribed legal process, constitutes maladministration and violates the principles of due process and fair administration. The FTO directed the Federal Board of Revenue (FBR) to […]

Filed Under: Business Tagged With: FBR, Federal Board of Revenue

Next Page »

Primary Sidebar




Latest News

Indus Waters Treaty shapes global water security debate

NDMA warns of flood risks from pre-monsoon rains

Govt lowers jet fuel price to ease airlines’ operating costs

Three Sindh Rangers personnel martyred in Karachi Khawarij attack

US strike in Iran

US Strike Reportedly Hits Telecom Tower as Fresh Explosions Rock Southern Iran

Pakistan

Indus Waters Treaty shapes global water security debate

NDMA warns of flood risks from pre-monsoon rains

Three Sindh Rangers personnel martyred in Karachi Khawarij attack

3 security men martyred in attack on Rangers compound in Karachi

India resorting to covert tactics to undermine peace, says PM Shehbaz

More Posts from this Category

Business

Minister defends mechanism for fuel pricing, says no sector being favoured

PBF pushes for revival of Iran-Pakistan gas pipeline

Trump threatens 100% tariff on any country that imposes digital services tax

Punjab govt committed to promoting SMEs, says CM Maryam

Gold prices decline by Rs 1,000 per tola

More Posts from this Category

World

Indus Waters Treaty shapes global water security debate

US strike in Iran

US Strike Reportedly Hits Telecom Tower as Fresh Explosions Rock Southern Iran

Donald Trump

Trump Says Iran’s Four Attacks on Ship Were ‘Not Good,’ Signals Possible Response

More Posts from this Category




Footer

Home
Lead Stories
Latest News
Editor’s Picks

Culture
Life & Style
Featured
Videos

Editorials
OP-EDS
Commentary
Advertise

Cartoons
Letters
Blogs
Privacy Policy

Contact
Company’s Financials
Investor Information
Terms & Conditions

Facebook
Twitter
Instagram
Youtube

© 2026 Daily Times. All rights reserved.

Manage Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}