. ISLAMABAD – The federal government has launched a Tax Policy Office to modernize and streamline Pakistan’s tax framework. To aligning it with conditions set by the International Monetary Fund (IMF). The Finance Ministry confirmed the key appointments for the office have finalized. He also confirmed work will commence next week on tax policies for […]
FBR
Pakistan-Afghanistan border remains closed
The Pakistan-Afghanistan border remained completely shut on Friday for all kinds of trade and pedestrian movement, as security tensions between the two neighbouring countries persisted. Officials dismissed rumours suggesting a partial reopening of the Chaman border for Afghan transit trade, confirming that even pedestrians are not allowed to cross from either side. According to customs […]
Pakistan, IMF agree to cut tax target by Rs150 billion
ISLAMABAD: The government has reached an agreement with the International Monetary Fund (IMF) to reduce Pakistan’s tax collection target by Rs150 billion, official sources confirmed on Thursday. According to Federal Board of Revenue (FBR) officials, the target has been revised down from Rs14.131 trillion to Rs13.981 trillion for the current fiscal year. The IMF, however, has […]
World Bank Showcases Pakistan’s FBR as Global Model for Public Sector Reform
ISLAMABAD – The World Bank has invited Pakistan’s Federal Board of Revenue (FBR) to present its transformation journey as a global case study in public sector reform during the Annual Meetings held in Washington, D.C. Federal Finance Minister Muhammad Aurangzeb, FBR Chairman Rashid Mahmood Langrial, and other senior officials attended the event. The Finance Minister […]
Pakistan suspends Afghan Transit Trade amid border clashes
KARACHI – Amid rising tensions between Pakistan and Afghanistan, Islamabad has suspended all Afghan Transit Trade operations from Karachi ports, The News reported on Thursday. The Federal Board of Revenue (FBR) has instructed all terminals to offload containers and halt transport operations. The decision came after a meeting at the Directorate of Transit Trade Headquarters […]
Pakistan Eyes IMF Staff-Level Agreement During Aurangzeb’s US Visit
ISLAMABAD: Authorities are optimistic about concluding a staff-level agreement (SLA) with the International Monetary Fund (IMF) during Finance Minister Muhammad Aurangzeb’s upcoming visit to the United States. The agreement hinges on consensus regarding Pakistan’s external account and the verification of flood-related losses and their fiscal distribution among federal and provincial accounts. Officials confirmed that the […]
FBR confirms Sept 30 as final deadline for income tax returns
The Federal Board of Revenue (FBR) has firmly stated that September 30, 2025, remains the final deadline for filing income tax returns. In a statement issued Monday, the FBR dismissed circulating reports of an extension as false and misleading. It urged taxpayers to file their returns on time to avoid penalties and late-filer status. FBR […]
FBR Media Secretary Ali Shahzad elevated to Grade 19
Federal Board of Revenue (FBR) Secretary Media, Ali Shahzad, has been promoted to Grade 19. Mr Ali Shahzad, an officer of the Information Group (35th Common), was previously serving as Deputy Director (Grade 18) on deputation at the FBR. Prior to his posting in the FBR, he served at the President House Islamabad for three […]
FBR urges traders to file returns on time
Regional Commissioner of the Federal Board of Revenue (FBR) Sargodha, Azmat Mehmood Hayat Ranjha, on Saturday emphasized that traders are the backbone of Pakistan’s economy, and that no country can function effectively without a robust taxation system. Addressing a ceremony at the Sargodha Chamber of Commerce and Industry, Ranjha highlighted the importance of tax compliance, […]
PTC warns new FBR tax rules will harm textile exports
The Pakistan Textile Council (PTC) strongly opposed recent tax changes by the Federal Board of Revenue (FBR). The changes were made through SRO 1359(I)/2025 under the Export Facilitation Scheme (EFS). PTC said removing cotton, yarn, and grey cloth from EFS will hurt textile exports. These materials are key raw inputs for Pakistan’s textile industry. Exporters […]