Chairman Federal Board of Revenue (FBR) Rashid Mahmood Langrial on Thursday visited the Karachi Chamber of Commerce and Industry (KCCI) and assured facilitation to the business community in tax and trade matters. The chairman was accompanied by the Member Customs Operations, Chief Collector Customs Appraisement (South), and Chief Commissioner LTO (Karachi), said a news release. […]
Federal Board of Revenue (FBR)
PM Shehbaz praises record tax filings as FBR revenue soars
Prime Minister Shehbaz Sharif praised Federal Board of Revenue (FBR) officials for a record 5.9 million tax returns filed in FY2025. He said that 900,000 new taxpayers joining the system show strong public trust in government policies. The PM thanked citizens for fulfilling their responsibility and noted that tax reforms are delivering positive results. Sharif […]
Cigarette tax revenue falls 4% despite 200% FED hike
The Federal Board of Revenue (FBR) reported a 4.1% decline in Federal Excise Duty (FED) collection from the cigarette sector, which fell to Rs225.5 billion in FY2024-25 from Rs235 billion a year earlier, despite a sharp 200% increase in duty rates. Officials said the decrease reflects a worrying rise in illicit cigarette trade across the […]
FBR rolls out AI monitoring to curb sugar mill tax evasion
The Federal Board of Revenue (FBR) has officially launched a digital monitoring system for all sugar mills across Pakistan to ensure transparency and prevent tax evasion in the industry. This modern setup uses video analytics technology, allowing real-time surveillance of sugar production activities across the country. The initiative aims to bring accountability to one of […]
FBR extends income tax return deadline to October 31
The Federal Board of Revenue (FBR) has extended the deadline for filing income tax returns for 2025. Taxpayers now have until October 31 to submit their returns. This extension gives an additional 16 days beyond the previous deadline. Earlier, the deadline had already been extended from the original date to October 15. The decision came […]
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 […]
IMF urges FBR to address tax shortfalls amid ongoing review talks
The International Monetary Fund (IMF) has expressed concerns over Pakistan’s tax revenue shortfall as technical-level talks commenced in Islamabad. The Federal Board of Revenue (FBR) reported a collection of Rs. 11.74 trillion against the target of Rs. 12.97 trillion for the fiscal year 2024-25, citing unresolved tax cases and the impact of recent floods. The […]
FBR allows taxpayers to declare assets without formal valuation
The Federal Board of Revenue (FBR) has clarified that asset declaration Pakistan can now be done without formal valuation or supporting documents. Taxpayers may declare the market value of movable and immovable assets at their own discretion in the 2025 tax returns. However, stricter reporting rules still apply to high-net-worth individuals under Section 7E of […]
FBR issues tax notices to jewellers across major cities
The Federal Board of Revenue (FBR) has begun issuing tax notices to jewellers in several major cities of Pakistan. According to reports, jewellers in Rawalpindi, Islamabad, Faisalabad, and Multan have been served notices demanding explanations on their tax affairs. The move comes as part of a broader crackdown on tax evasion in the gold and […]
FBR hunts down lavish lifestyles in tax evasion blitz
The Federal Board of Revenue (FBR) has launched a major crackdown targeting 100,000 wealthy social media users who publicly flaunt extravagant lifestyles. Authorities are focusing on individuals showcasing luxury homes, expensive cars, high-end jewellery, and lavish weddings. The tax body warns that anyone failing to update their income tax returns accordingly will face legal consequences. […]