fbr News
Govt issues first batch of green plates under Asaan Tax Scheme for traders
The government has issued the first batch of 50 green-coloured plates under the Asaan Tax Scheme, which marks a practical milestone for the initiative aimed at bringing small traders and shopkeepers into the tax net.
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KTBA seeks corrected return form, formal notification from FBR
The Federal Board of Revenue has yet to formally notify the Income Tax Return for Tax Year 2026, even as taxpayers are being asked to file through the version already uploaded on the IRIS portal, the Karachi Tax Bar Association (KTBA) said in a letter to FBR, warning that the gap between availability and formal prescription leaves the return's legal status uncertain and could expose taxpayers to disputes down the line.
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FBR urges FPCCI to push retailers scheme to widen tax base
The Federal Board of Revenue (FBR) has requested the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) leaders to effectively campaign for the retailers scheme so that the tax base can be broadened and the tax burden on already compliant taxpayers can be shared.
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PM directs FBR to accelerate enforcement action against smuggling
Prime Minister Shehbaz Sharif on Monday directed the Federal Board of Revenue (FBR) to sustain effective enforcement action against smuggling, tax evasion, and illegal businesses nationwide, while accelerating the pace of ongoing reforms at the tax authority.
Go to article FBR, businesses agree on joint tax facilitation committees
The Federal Board of Revenue (FBR) has agreed to establish joint committees with leading business bodies to address taxpayer grievances, streamline tax processes, and strengthen engagement with the private sector, following directives from Prime Minister Shehbaz Sharif.
Go to article PM directs FBR to prioritize business community's concerns
Prime Minister Shehbaz Sharif said the business community formed the backbone of the national economy and should be extended every possible facility to enhance production and boost exports, directing the Federal Board of Revenue (FBR) to work closely with traders and industrialists to resolve their legitimate concerns on a priority basis.
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FM Aurangzeb hails FBR's revenue performance in FY2025-26
Federal Board of Revenue (FBR) has achieved the revised annual revenue collection target for FY2025-26, a landmark accomplishment that Finance Minister Senator Muhammad Aurangzeb attributed to teamwork, sustained reforms, and the commitment of the FBR leadership and field formations.
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FBR collects over Rs13tr in FY26, meets revised target
Pakistan’s Federal Board of Revenue (FBR) collected Rs13.601tr in gross tax revenue during fiscal year 2025-26, exceeding its revised annual target of Rs12.983tr and achieving 100.2% of the goal, according to the tax authority's collection dashboard.
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| BRENT CRUDE | 105.75 | 108.59 104.00 | -3.00 -2.76% |
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