Tax exemptions cost govt Rs5.84 trillion in 2024-25, a 50% increase
Sales tax exemptions on petroleum products and imports among major contributors to revenue loss
July-May FY2024-25: Tax shortfall hits Rs1.03 trillion despite aggressive revenue measures
FBR collects Rs10.21 trillion against Rs11.24 trillion target; May shortfall alone Rs205 billion amid rising income tax but lagging sales and customs duties
Govt considers reducing excise duty on beverages to attract foreign investment
Proposal aims to lower tax burden, boost industrial growth, and generate additional revenue
Standing Committee defers Income Tax Bill 2025; urges reforms in refund system and taxation policy
FBR absence delays tax bill; calls grow for refund automation and tax regime clarity
IMF flags Rs1 trillion shortfall in Pakistan’s tax target for FY26, urges new measures
Government must bridge Rs1 trillion revenue gap as tax target set at Rs14.3 trillion; enforcement expected to yield Rs400-600 billion amid past shortfalls and economic concerns
Govt mulls 100% hike in excise duty on energy drinks, reviews broader FED proposals for budget
FBR explores changes to excise tax rates on beverages, cigarettes, and other items for increased revenue generation
Arif Habib expects super tax relief in upcoming budget
Investor optimism rises as business tycoon cites PM’s assurances of fiscal relief and praises Pakistan’s economic resilience amid geopolitical tensions.
PRA collects record Rs23.7 billion in April, achieving 26% growth
Punjab Revenue Authority reports Rs214 billion in tax revenue for July-April period, driven by effective outreach and IT systems.
FBR officers to be posted at business premises to enhance tax monitoring
PM pushes for reforms and stricter enforcement to curb tax evasion and illicit cigarette trade
Govt to set Rs14.3 trillion revenue target for FY25-26, with Rs500 billion in new taxes
Finance Minister Aurangzeb to present budget proposals as IMF review of fiscal goals approaches
Salaried class pays record Rs391 billion in taxes, contributing 1,420% more than traders
Salaried individuals pay nearly 10% of total income tax collected in nine months; retailers contribute Rs26 billion, while non-corporate and corporate sectors pay Rs166 billion and Rs117 billion respectively
World Bank recommends higher taxes on wealthiest groups in Pakistan
Report suggests broadening the income tax base, cutting exemptions for high earners, and addressing tariff imbalances to strengthen fiscal policy
Balochistan High Court rules agricultural income tax falls under provincial jurisdiction
Top court’s decision strengthens provincial authority over agricultural taxation, limiting FBR's role
Govt considers raising taxable income threshold, taxing high pensions
FBR sources indicate relief proposals for salaried class are under review; pensions above Rs800,000 annually could face 5% tax
Appellate Tribunal Inland Revenue exempts foreign assets from capital value tax
ATIR Lahore annuls Rs37.38 million CVT demand, ruling FADRA takes precedence over CVT Act 2022 for foreign assets