News

Iran and Pakistan’s Endeavor to Finalize the Gas Pipeline Project

“Exploring Pathways: Iran and Pakistan’s Endeavor to Finalize the Gas Pipeline Project” Iran and Pakistan are exploring ways to complete a long-delayed gas pipeline project between the two countries, according to Iran’s Consul General to Pakistan, Hassan Nourian. The pipeline, originating from Iran’s South Fars gas field and extending to Pakistan’s Balochistan and Sindh provinces, […]

Iran and Pakistan’s Endeavor to Finalize the Gas Pipeline Project Read More »

World Bank $400 M Funding for Pakistan’s Tax Reform Initiative

  World Bank $400 M Funding for Pakistan’s Tax Reform Initiative “World Bank Approves Extension and Restructuring of Pakistan’s $400M Tax Reform Project” The World Bank has approved a one-year extension, until June 30, 2025, for Pakistan’s $400 million Pakistan Raises Revenue (PRR) project. This move includes a restructuring of project components to ensure the

World Bank $400 M Funding for Pakistan’s Tax Reform Initiative Read More »

FBR

FBR Chairman Confident in Achieving Revenue Collection Target for Fiscal Year 2023-24

FBR Chairman Confident in Achieving Revenue Collection Target for Fiscal Year 2023-24 Islamabad, March – Malik Amjed Zubair Tiwana, Chairman of the Federal Board of Revenue (FBR), has expressed confidence in meeting the revenue collection target for the fiscal year 2023-24. His remarks came during the passing-out ceremony for the Inland Revenue Service (IRS) Officers

FBR Chairman Confident in Achieving Revenue Collection Target for Fiscal Year 2023-24 Read More »

FBR

FBR Introduces 25% Sales Tax on Motor Vehicles to Boost Revenue

FBR Introduces 25% Sales Tax on Motor Vehicles to Boost Revenue Islamabad,  – The Federal Board of Revenue (FBR) in Pakistan has announced a significant change in its tax policy by introducing a 25 percent sales tax on specific categories of motor vehicles. This move, detailed in SRO 370(I)/2024, aims to generate additional revenue and

FBR Introduces 25% Sales Tax on Motor Vehicles to Boost Revenue Read More »

FBR

FBR Orders Swift Resolution of Deferred Sales Tax Refund Claims

FBR Orders Swift Resolution of Deferred Sales Tax Refund Claims March 8, 2024 Karachi, March 7, 2024 – The Federal Board of Revenue (FBR) has issued new directives to tax offices, mandating swift action on deferred sales tax refund claims. These instructions are aimed at addressing the backlog and ensuring a timely resolution of future

FBR Orders Swift Resolution of Deferred Sales Tax Refund Claims Read More »

SRB Seals Tour Operator Branches for Tax Evasion in Karachi

SRB Seals Tour Operator Branches for Tax Evasion in Karachi March 7, 2024 Karachi, March 7, 2024 – The Sindh Revenue Board (SRB) has taken decisive action against a prominent tour operator by sealing two of its branches in Karachi for defaulting on sales tax payments. The move underscores the SRB’s firm approach to enforcing

SRB Seals Tour Operator Branches for Tax Evasion in Karachi Read More »

FBR

PM Shehbaz Sharif Calls for Rapid Resolution of Rs 1.7 Trillion Tax Disputes

PM Shehbaz Sharif Calls for Rapid Resolution of Rs 1.7 Trillion Tax Disputes March 6, 2024 Islamabad, March 6, 2024 – Prime Minister Shehbaz Sharif has directed authorities to expedite the resolution of legal disputes preventing the recovery of Rs 1.7 trillion in tax revenue. The directive came during a high-level meeting focused on restructuring

PM Shehbaz Sharif Calls for Rapid Resolution of Rs 1.7 Trillion Tax Disputes Read More »

FBR

FBR Adds 60,000 New Active Taxpayers in Just Three Days After ATL Launch

FBR Adds 60,000 New Active Taxpayers in Just Three Days After ATL Launch March 5, 2024 Karachi, March 4, 2024– The Federal Board of Revenue (FBR) has experienced a remarkable uptick in registrations, adding approximately 60,000 new active taxpayers within just three days of launching the latest Active Taxpayers List (ATL). This surge follows the

FBR Adds 60,000 New Active Taxpayers in Just Three Days After ATL Launch Read More »

FBR

FBR Disburses Rs 65 Billion in Tax Refunds to Exporters, Signaling Boost to Pakistan’s Economy

FBR Disburses Rs 65 Billion in Tax Refunds to Exporters, Signaling Boost to Pakistan’s Economy March 4, 2024 Islamabad, March 4, 2024 – In a significant move to support Pakistan’s export sector, the Federal Board of Revenue (FBR) has disbursed all outstanding tax refunds to exporters, totaling an impressive Rs 65 billion. The FBR’s announcement

FBR Disburses Rs 65 Billion in Tax Refunds to Exporters, Signaling Boost to Pakistan’s Economy Read More »

FBR

Taxpayers Rush to Secure Active Taxpayers List Status to Avoid FBR Crackdown

Taxpayers Rush to Secure Active Taxpayers List Status to Avoid FBR Crackdown March 2, 2024 In Pakistan, taxpayers are scrambling to gain inclusion in the newly released Active Taxpayers List (ATL) to avoid severe penalties and actions from the Federal Board of Revenue (FBR). The FBR published the updated ATL on March 1, 2024, listing

Taxpayers Rush to Secure Active Taxpayers List Status to Avoid FBR Crackdown Read More »