Prime Minister Shehbaz Sharif has reaffirmed that improving Pakistan’s tax system is essential to boosting national income and easing the tax burden on ordinary citizens. He made these remarks while chairing a review meeting on Federal Board of Revenue (FBR) reforms in Islamabad on Tuesday. The meeting was attended by key government officials, including Ministers […]
Pakistan’s tax system
FBR under fire as Rs662 billion vanishes from tax net
A recent audit report has revealed a shocking Rs662.7 billion loss in Pakistan’s tax system during the 2023–24 fiscal year. The Auditor General of Pakistan released these findings in its latest audit report. This huge gap has raised serious questions about the performance of the Federal Board of Revenue (FBR). The report highlights major weaknesses […]
Shahid Khaqan criticizes Pakistan’s tax system and budget as unfair and ineffective
Shahid Khaqan Abbasi, former Prime Minister and leader of Awam Pakistan Party, strongly criticized Pakistan’s tax system. He said the system is not based on justice, and the recent budget proves it cannot work. Speaking alongside former Finance Minister Miftah Ismail, Abbasi called the budget outdated and unchanged from the past 30 years. He said […]
World bank slams Pakistan’s tax system as unfair
The World Bank has strongly criticized Pakistan’s tax system, calling it “highly unfair and flawed,” and urged authorities to effectively bring real estate into the tax net. It stressed that broadening the tax base is crucial to reduce the growing burden on the salaried class. During a conference titled “Pakistan’s Fiscal Path: Fostering Transparency and […]
IMF condition met: Pakistan establishes directorate to address tax issues
The federal government has approved the creation of new offices at the Federal Board of Revenue (FBR) Headquarters to tackle tax evasion. This move fulfills another condition set by the International Monetary Fund (IMF). A formal notification has been issued regarding the establishment of a Directorate for Special Measures, led by the Director General and […]