Pakistan’s tax shortfall hits Rs725 billion as FBR misses nine-month target
Tax body also misses March target by Rs100 billion; IMF lowers target for FY25 by Rs640 billion to Rs12.33 trillion
FBR uncovers smuggling ring using luxury watches to launder money and evade taxes
Three high-end watch outlets raided in Karachi for tax evasion amounting to Rs180 millionÂ
FBR’s direct tax collection rises 29.4% to Rs632.7 billion in H1 FY2024-25
Sales tax, federal excise duty, and customs duties also see notable growth in first half of fiscal year 2024-25.
FBR to take legal action against 463 importers, 106 agents over Rs14bn tax evasion scheme
Fraud, exposed after five years by a former employee, involved the manipulation of over 2,300 customs declarations to evade taxes
FBR considering new registration scheme for shopkeepers after Tajir Dost failure
Tax body may introduce the scheme in the 2025-26 federal budget to boost registration of traders
FTO sets up cell to resolve tax issues of foreign diplomats
Almas Ali Jovindah appointed head of Diplomatic Grievances Redressal Cell
Over 10,000 Goods Declaration forms tampered to evade billions in taxes, FBR orders audit
Scam, involving importers and PSW officials, resulted in significant revenue loss, with changes made to goods descriptions and quantities; FBR launches inquiry into the breach
IHC’s tax refund automation order remains unimplemented by FBR
Court-mandated system yet to be enforced despite assurances from tax authorities
IMF agrees to scrap Tajir Dost Scheme as FBR surpasses tax collection target: report
Tax revenue from retailers, wholesalers, and Associations of Persons already exceeded Rs400 billion—far surpassing the Rs50 billion initially projected under the scheme
FTO directs FBR to stop taxing teachers’ exam duties as services
Ruling declares invigilation and paper marking part of teachers' salary, orders compliance within 60 days
IMF revises revenue target by Rs620bn, retains 10.6% tax-to-GDP ratio
Fund reduces FBR’s tax collection target from Rs12.97 trillion to Rs12.35 trillion; Finance Ministry commits to expenditure cuts
FBR needs Rs5.6tr in four months to meet annual target
Officials warn fiscal year shortfall could surpass Rs600bn, putting revenue targets at risk
FBR to reassign tax officers from Admin Pool within 15 days
Decision aims to limit prolonged placements and streamline postings
FBR records 54% rise in sales tax from sugar sector as retail prices remain high
Rs24bn collected in two months; sugar exports surge 2,188%, fueling price hike
IMF discusses agricultural income tax with Pakistani officials during loan review
Provincial governments and finance officials engage with IMF on taxation framework