Jamaat-e-Islami Emir Hafiz Naeemur Rehman has called on the government to abolish income tax on monthly salaries up to Rs125,000 and provide substantial relief to the country’s salaried middle class in the upcoming federal budget. Read More: JI chief says sit-in achieved its targets In a statement shared on social media, Hafiz Naeem said salaried […]
income tax
FPCCI proposes tax relief for salaried class
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has proposed tax relief measures for salaried individuals in its budget recommendations for fiscal year 2026-27, urging the government to reduce the income tax burden on fixed-income earners. Read More: Govt to leverage expertise for development: Haroon Akhtar According to the proposals submitted to the […]
Salaried class tops tax contributions in first seven months of FY26
ISLAMABAD – Pakistan’s salaried class has once again emerged as the single largest contributor to income tax, surpassing exporters, retailers, and property buyers and sellers combined, according to Federal Board of Revenue (FBR) data cited by The News. Read More: Government plans relief for salaried class, industries next budget In the July–January period of the current […]
FBR tightens action against tax evasion in private healthcare
The Federal Board of Revenue (FBR) has stepped up its enforcement drive against tax evasion in the private healthcare sector by deploying Inland Revenue Service (IRS) officers directly at the premises of commercial hospitals and clinics across the country. Read More: FBR notifies tax exemption for 61 items used in Covid-19 vaccine Senior tax officials said the move […]
FBR misses target by Rs270 billion in first four months
ISLAMABAD – The Federal Board of Revenue (FBR) faced a Rs270 billion revenue shortfall from July to October 2025. The agency collected less than its set target for the first four months of the financial year. The gap highlights ongoing challenges in tax compliance and collection. Sources said FBR collected Rs3,840 billion during this period, […]
FBR faces Rs270 billion shortfall in tax collection
ISLAMABAD: The Federal Board of Revenue (FBR) has reported a tax collection shortfall of Rs270 billion during the first four months of the ongoing fiscal year, from July to October 2025, highlighting continued fiscal challenges for the government. According to official data, the FBR collected Rs3.84 trillion in taxes during this period, against the target […]
Government establishes Tax Policy Office under IMF plan
ISLAMABAD — The federal government has officially launched a Tax Policy Office (TPO) aimed at reforming Pakistan’s tax framework and aligning it with the International Monetary Fund (IMF)’s structural reform requirements. According to the Finance Ministry, key appointments have been finalized, and the office will begin work next week to develop tax policies for the […]
Pakistan establishes Tax Policy to strengthen fiscal framework
. 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 extends deadline for income tax returns filing till October 31
The Federal Board of Revenue (FBR) extended on Wednesday the deadline for filing income tax returns for the tax year 2025 by 16 days, with the new deadline set for October 31, 2025. Speaking to Business Recorder, FBR spokesperson confirmed that the deadline had been extended till October 31. Earlier, the board had extended the […]
Salaried class still faces heavy Rs535 billion tax burden despite budget relief
The government plans to collect Rs535 billion in income tax from the salaried class in FY 2025-26, despite offering only Rs56 billion in tax relief. The relief comes from a 2% to 4% reduction in tax rates across various salary slabs. However, the National Assembly Standing Committee on Finance called this relief a “joke,” saying […]