ISLAMABAD – The Federal Board of Revenue (FBR) faced a Rs270 billion revenue shortfall from July to October 2025. The agency collected less than its set target for the first four months of the financial year. The gap highlights ongoing challenges in tax compliance and collection. Sources said FBR collected Rs3,840 billion during this period, […]
income tax
FBR faces Rs270 billion shortfall in tax collection
ISLAMABAD: The Federal Board of Revenue (FBR) has reported a tax collection shortfall of Rs270 billion during the first four months of the ongoing fiscal year, from July to October 2025, highlighting continued fiscal challenges for the government. According to official data, the FBR collected Rs3.84 trillion in taxes during this period, against the target […]
Government establishes Tax Policy Office under IMF plan
ISLAMABAD — The federal government has officially launched a Tax Policy Office (TPO) aimed at reforming Pakistan’s tax framework and aligning it with the International Monetary Fund (IMF)’s structural reform requirements. According to the Finance Ministry, key appointments have been finalized, and the office will begin work next week to develop tax policies for the […]
Pakistan establishes Tax Policy to strengthen fiscal framework
. ISLAMABAD – The federal government has launched a Tax Policy Office to modernize and streamline Pakistan’s tax framework. To aligning it with conditions set by the International Monetary Fund (IMF). The Finance Ministry confirmed the key appointments for the office have finalized. He also confirmed work will commence next week on tax policies for […]
FBR extends deadline for income tax returns filing till October 31
The Federal Board of Revenue (FBR) extended on Wednesday the deadline for filing income tax returns for the tax year 2025 by 16 days, with the new deadline set for October 31, 2025. Speaking to Business Recorder, FBR spokesperson confirmed that the deadline had been extended till October 31. Earlier, the board had extended the […]
Salaried class still faces heavy Rs535 billion tax burden despite budget relief
The government plans to collect Rs535 billion in income tax from the salaried class in FY 2025-26, despite offering only Rs56 billion in tax relief. The relief comes from a 2% to 4% reduction in tax rates across various salary slabs. However, the National Assembly Standing Committee on Finance called this relief a “joke,” saying […]