The Federal Board of Revenue (FBR) has achieved its tax collection target for the 2025-26 fiscal year, collecting a gross revenue of Rs13.601 trillion by the end of June, according to official figures. Officials said the FBR disbursed Rs597 billion in tax refunds during the fiscal year, bringing net tax revenue to Rs13.003 trillion. The […]
Federal Board of Revenue
Govt to assign FBR tax collection target of Rs 15,000 billion
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 […]
FTO rules tax recovery under Section 175C without due process illegal
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 […]
FBR revenue shortfall widens to Rs 868bn in 11 months
The Federal Board of Revenue’s (FBR) revenue shortfall widened to Rs868 billion during the first 11 months of the current fiscal year 2025-26. The FBR collected Rs11,227 billion during July-May against the revised target of Rs12,095 billion, leaving a gap of Rs868 billion. “There are two major reasons, including sluggish economic activities due to the […]
FBR offices to remain open on May 23-24 for tax collection
The Federal Board of Revenue (FBR) on Tuesday said that all its field formations across the country will remain open on Saturday and Sunday, May 23 and 24, 2026, for collection of duties and taxes. According to an official statement issued by the FBR, all Large Taxpayers’ Offices (LTOs), Medium Taxpayers’ Offices (MTOs), Corporate Tax […]
FBR chief assures LCCI of maximum facilitation to business community
Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial and Lahore Chamber of Commerce and Industry (LCCI) President Faheem-ur-Rehman Saigol discussed key taxation, industrial and business-related issues along with the upcoming federal budget proposals submitted by the Lahore chamber. The LCCI spokesman told the media here on Sunday that during the meeting, the FBR chairman […]
FCC bins FBR appeals, declares income tax ordinance clause unconstitutional
The Federal Constitutional Court has declared the controversial Section 7E of the Income Tax Ordinance, 2001, unconstitutional and void in its entirety, while also declaring all actions, notices and proceedings initiated by the Federal Board of Revenue (FBR) and the Revenue Division under the provision as ineffective and unlawful. A two-member bench comprising Chief Justice […]
FBR proposes tax on social media earnings
The Federal Board of Revenue (FBR) has proposed a special taxation procedure to bring social media content creators earning income from remunerative content into the tax net. In two separate notifications, the tax collection body sought objections and suggestions within seven days before finalising certain further amendments in the Income Tax Rules, 2002. “Every non-resident […]
PM directs FBR to expand automated monitoring to boost tax revenue
Prime Minister Shehbaz Sharif on Tuesday directed the Federal Board of Revenue (FBR) to bring maximum productive sectors under automated monitoring systems in order to enhance tax collection and curb tax evasion. Chairing a weekly review meeting on FBR affairs at the Prime Minister’s Office, the prime minister emphasized the need to further strengthen enforcement […]
FBR launches cargo tracking system to curb smuggling
The Federal Board of Revenue (FBR) on Thursday initiated the development of a National Cargo Tracking System (CTS) and an integrated e-Bilty mechanism aimed at digitizing the monitoring of goods movement across Pakistan, improving tax compliance and curbing smuggling. The contract-signing ceremony was held at the FBR headquarters to launch the design phase of the […]