The Lahore Tax Bar Association (LTBA) has called on Prime Minister Shehbaz Sharif to extend the income tax return filing deadline for the tax year 2025 to November 30. The association cited persistent technical glitches in the Federal Board of Revenue’s (FBR) IRIS portal, which continue to prevent taxpayers from submitting their returns on time. […]
Federal Board of Revenue’s (FBR)
IMF rejects FBR’s proposal for 25% tax rebate on teachers and researchers
ISLAMABAD — The International Monetary Fund (IMF) has twice rejected the Federal Board of Revenue’s (FBR) proposal to grant a 25 percent tax rebate to teachers and researchers starting July 1, 2025. FBR Chairman Rashid Mahmood Langrial informed the National Assembly Standing Committee on Finance about the IMF’s decision on Saturday. Langrial explained that the […]
Traders reject “police-like” powers for tax officers, call government policies unfair
KARACHI – Business leaders across Pakistan have strongly opposed the government’s proposal to grant tax officials powers similar to police officers, calling it “unacceptable” and harmful to the business climate. The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has expressed serious concern over the Federal Board of Revenue’s (FBR) aggressive tax collection methods. […]
Journalists walk out of post-budget press conference over lack of technical briefing
In Islamabad, journalists staged a walkout during the post-budget press conference on June 11. They protested the Federal Board of Revenue’s (FBR) failure to provide a technical briefing on the federal budget beforehand. The protest began as soon as the press conference started, with reporters standing up and voicing their frustration. The journalists demanded an […]
PM pushes for IMF approval to lower FBR tax target by Rs250 billion for FY26
Prime Minister Shehbaz Sharif has asked the International Monetary Fund (IMF) to allow a cut in next year’s tax target. The government wants to reduce the Federal Board of Revenue’s (FBR) target by Rs250 billion for fiscal year 2025–26. The proposed target is Rs14,057 billion, instead of the earlier Rs14,307 billion. Officials say this change […]
Tax reforms to ease pressure on common people: PM Shehbaz
Prime Minister Shehbaz Sharif has said that expanding the tax net and updating old tax laws will reduce the burden on the common man. He stated that the changes aim to remove hurdles in tax collection and make the system more fair and simple. The focus is to bring more people and sectors into the […]