ISLAMABAD – Prime Minister Shehbaz Sharif expressed satisfaction over the rise in tax collection due to reforms in the Federal Board of Revenue (FBR). Chairing a weekly review meeting on FBR reforms, the PM said that the improvement in the tax-to-GDP ratio is encouraging. He pledged full support to the reform efforts and said both the […]
tax collection
FBR reshuffles 252 officers after tax win
After surpassing its tax collection target for July, the Federal Board of Revenue (FBR) has announced a large-scale reshuffle, transferring and posting 252 officers from Grade 17 to 22 across the country. A notification issued by the FBR confirms that the transfers and new postings are effective immediately. This administrative shake-up follows the board’s strong […]
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 […]
Finance ministry releases economic outlook: Tax revenue and exports see strong growth
ISLAMABAD: The Finance Ministry of Pakistan has released its latest Economic Outlook Report, showing notable improvements in tax collection, exports, and inflation control. According to the report, the government collected 36.7% more tax revenue compared to the previous year, indicating a stronger grip on fiscal management. The report highlights a significant drop in inflation, which […]
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 […]
Punjab empowers private firms to deduct income tax from salaries
The Punjab government has taken a strong step toward improving tax collection by allowing private companies to deduct income tax directly from employees’ salaries. The Punjab Assembly’s Standing Committee on Excise has approved The Punjab Finance (Amendment) Bill 2025, which now awaits final approval in a formal assembly session. Once passed, the law will authorize […]
Geo-tagging to revolutionize tax collection in retail sector, says FBR
The Federal Board of Revenue (FBR) is set to use geo-tagging technology to conduct surveys in three major cities. The initiative aims to identify retailers and wholesalers and connect them to Point of Sale (POS) systems. These surveys will focus on businesses in Karachi, Lahore, and Islamabad. The goal is to improve tax compliance and […]
Excise generates Rs13.5b tax during ongoing year
Excise and Taxation department, Islamabad had collected over Rs13.5b revenue during the ongoing fiscal year, generating 4b rupees more than the previous year.” Another milestone in revenue collection achieved after bringing reforms in tax collection system”, said Director Excise Bilal Azam on Tuesday. Talking to APP, he said, the department had introduced new methods of […]
Tax collection surged by 35% in November: Farrukh
Minister of State for Information and Broadcasting Farrukh Habib said on Wednesday that tax collection in November 2021 stood at Rs470 billion and witnessed an increase of 35 per cent as compared to the previous year. In his tweet, he said this meant that despite coronavirus economic activity in Pakistan was booming and businesses flourishing.
PM Khan lauds efforts of FBR on tax collection of Rs 410 bn in July
ISLAMABAD: Prime Minister (PM) Imran Khan has lauded the work of the Federal Board of Revenue (FBR) for collecting the highest ever tax in the month of July. In a tweet through his Twitter account, the prime minister said the collection in the month of July remained Rs.410 bn which is the highest ever in […]