Tax on inherited property proposed
- 18-Jun-2026
ISLAMABAD: The Federal Board of Revenue (FBR) of Pakistan proposed imposing capital gains tax on the sale of inherited properties. The proposal was floated by FBR officials in a meeting of the National Assembly’s Standing Committee on Finance, chaired by committee chairman Syed Naveed Qamar. The FBR authorities briefed the participants that the value of […]
Shocking Tax Theft: 9,000 Pakistanis Hold Rs. 750 Billion But Pay Zero Income Tax
- 17-Jun-2026
ISLAMABAD: The Chairman of the Federal Board of Revenue (FBR) has revealed that 9,000 individuals in Pakistan collectively hold a staggering Rs. 750 billion in their bank accounts but have not paid a single penny in income tax, ARY News reported. FBR Chairman Rashid Mahmood Langrial made these startling disclosures regarding systemic tax evasion and […]
Pakistan’s 9,000 people hold Rs 750 billion bank deposits: FBR
- 17-Jun-2026
ISLAMABAD: Chairman Federal Board of Revenue (FBR) informed the National Assembly’s Standing Committee for Finance about startling disclosures after FBR’s access to the databases. FBR Chief Rashid Langarial was testifying on the Pakistan’s new tax operating model, before the finance standing committee of the lower house chaired by Syed Naveed Qamar. Rashid Langarial while informing […]
No More Direct Audits: How the New ‘Faceless’ FBR System Will Impact Taxpayers
- 12-Jun-2026
ISLAMABAD: Finance Minister Muhammad Aurangzeb has announced major reforms for the Federal Board of Revenue (FBR), the country’s tax collection body, in the newly presented budget, ARY News reported. To eliminate discretionary powers within the FBR, the Finance Minister announced the establishment of a National Faceless Tax Center. Under this centralized system, direct contact between […]
FBR to target non-filers flaunting wealth on social media from July 1, 2026
- 08-Jun-2026
ISLAMABAD: The Federal Board of Revenue (FBR) has decided to launch a large-scale crackdown all over Pakistan on non-filers who publicly display lavish lifestyles on social media while failing to pay taxes commensurate with their apparent wealth. According to sources, the FBR will begin the operation from October 1 in the next fiscal year, targeting […]
FBR rejects claims of tax shortfall, says revenue performance remains strong
- 01-Jun-2026
ISLAMABAD: The Federal Board of Revenue (FBR) has rejected speculation regarding a large tax shortfall, stating that its overall revenue performance remains stable and in line with revised fiscal targets, ARY News reported. According to FBR Advisor Khurram Shahzad, the perception of an Rs 864 billion tax shortfall is misleading, as it is being calculated […]
FBR tax collection rises to Rs 966 billion in May 2026
- 01-Jun-2026
The Federal Board of Revenue (FBR) collected Rs 966 billion in tax revenues during May 2026, representing a 7% year-on-year increase. Despite this growth, collections remained Rs 184 billion below the monthly target of Rs 1,150 billion. Over the first eleven months of fiscal year 2025–26, the FBR generated total tax revenues of Rs 11,227 […]
Overseas Pakistanis get major facility
- 28-May-2026
ISLAMABAD: The process of filing income tax returns for overseas Pakistanis has been made easier, allowing expatriates to submit their returns online through the Federal Board of Revenue’s (FBR) portal. The Bureau of Emigration and Overseas Employment has launched a special awareness campaign to educate overseas Pakistanis about the importance of filing income tax returns […]
Customs Officers Arrested in Multi-Million Silver Misappropriation Case
- 13-Apr-2026
KARACHI: Pakistan Customs, in a major operation, has arrested two preventive officers from Quetta on suspicion of misappropriating a silver shipment, ARY News reported. The two officers, identified as Arif Ali Jumani and Sami Ullah Achakzai, were entrusted with ensuring the safe delivery of the silver. According to a statement by the Federal Board of […]
Several FBR officials fail to declare assets
- 13-Apr-2026
ISLAMABAD: It has been revealed that several officials of the Federal Board of Revenue (FBR) have failed to declare their assets, a key requirement under reforms agreed with the International Monetary Fund (IMF). According to official sources, the FBR has completed scrutiny of asset declarations, which uncovered that a number of officers did not comply […]