Pakistan’s salaried class contributed 352% more taxes than exporters, retailers, wholesalers and distributors combined, according to a new report highlighting structural imbalances in the country’s tax system.
The Federal Board of Revenue has initiated the design of a National Cargo Tracking System and e-Bilty mechanism to digitally monitor cargo movement across Pakistan. The system will introduce QR-coded electronic waybills, enable real-time tracking of shipments, and integrate with existing customs platforms to curb smuggling and improve tax compliance.
The government plans to amend the Federal Board of Revenue Act 2007 in Finance Act 2026 to transfer tax policy powers from FBR to a newly created Tax Policy Office under the Finance Ministry, aiming to separate tax policy formulation from revenue administration and improve fiscal governance.
The Federal Board of Revenue has issued a Rs19 billion tax demand against United Bank Limited related to income tax and federal excise duty for past years up to tax year 2025. The bank has filed appeals against the amended assessments and remains confident of a favorable legal outcome.
The Federal Board of Revenue (FBR) is exploring contingency measures to achieve its FY26 revenue target after falling short by Rs430 billion in the first eight months. Proposed steps include increasing excises, expanding the sales tax base, and adjusting government spending to maintain fiscal stability under the IMF EFF program.
The Federal Board of Revenue (FBR) has agreed in principle to relax the super tax payment schedule, allowing companies to clear dues in installments until June 30, 2026. The decision follows industry pressure and a high-level meeting chaired by Prime Minister Shehbaz Sharif to ease financial strain on businesses.
The Establishment Division has ordered FBR officers to submit complete asset and liability declarations for the last decade, including sources of income. The directive, issued under Rule 12 of the Government Servants (Conduct) Rules, 1964, sets March 9, 2026 as the deadline for pending disclosures.
President Asif Ali Zardari has remanded the iPhone seizure case to the Federal Tax Ombudsman for a fresh investigation into alleged customs malpractice, fraudulent destruction claims, and possible procedural violations at Islamabad Airport.
Pakistan’s FBR misses tax collection target by Rs430 billion during July–February FY26, intensifying fiscal pressure ahead of key IMF review negotiations.
FBR has initiated action against 38 top YouTubers, TikTokers, and social media influencers for concealing Rs 15 billion in income. The Lifestyle Monitoring Cell detected undeclared expenditure and lifestyle mismatches, prompting audits and recovery of unpaid taxes.