Income tax collection under the “Out of Demand” category surged sharply in fiscal year 2024-25, rising 110.3% to ₨266 billion compared to ₨127 billion in the previous year. The Federal Board of Revenue attributed this strong increase to improved enforcement actions and better recovery efforts across field formations. According to the report, “Out of Demand” […]
income tax Pakistan
Parliament clears way for super tax
ISLAMABAD: The Federal Shariat Court has upheld Section 4B of the Income Tax Ordinance, allowing Parliament to levy super tax. The decision clears objections to the case and enables the government to recover PKR 310 billion. Chief Justice Aminuddin Khan read the verdict, confirming that legislative authority supports taxing high-income individuals. The super tax was […]
Aurangzeb urges FBR to boost tax compliance
Finance Minister Senator Muhammad Aurangzeb has urged the Federal Board of Revenue (FBR) to intensify enforcement and expand Pakistan’s tax net. He praised FBR for collecting Rs1,427.1 billion in December 2025, achieving 99% of the monthly target. The collection marked the highest December revenue in the country’s history. Aurangzeb addressed FBR field formations via video […]