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” […]
Pakistan revenue
World Bank pushes Pakistan toward smarter revenue growth
The World Bank has called on Pakistan to reform its tax system and widen the tax base, saying stronger revenue is vital for economic stability and long-term development. It also urged the country to use environmental measures, such as discouraging pollution, as new ways to generate funds while protecting natural resources. Moreover, the report warned […]