FBR plans to block mobile SIMs of tax evaders | The Express Tribune

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to block 500,000 mobile phone SIMs of tax evaders as the decision has been endorsed by its chairman. In this regard, the FBR has sent relevant rules to the officers concerned. According to sources, the FBR has identified two million tax evaders, but mobile service providing […]

PM takes charge of FBR overhaul | The Express Tribune

Prime Minister Shehbaz Sharif has decided to lead the reform process in the Federal Board of Revenue (FBR) himself amid the startling revelation that over 80% of bank accounts in Pakistan are not declared to the tax authorities. The prime minister has appointed himself as the chairman of the Steering Committee, which will oversee the […]

PM directs hiring of foreign consultant for FBR | The Express Tribune

ISLAMABAD: Prime Minister Shehbaz Sharif, on Tuesday, directed the hiring of a foreign consultant to modernise the Federal Board of Revenue (FBR), indicating a departure from the previously approved restructuring plan. This decision emerged during the PM’s first comprehensive meeting on the administrative affairs of the FBR. The PM stressed the urgent need to engage […]

Govt initiates FBR restructuring | The Express Tribune

ISLAMABAD: With less than a week before the general elections, the interim government has notified an implementation committee to execute the restructuring of the Federal Board of Revenue (FBR) and has set a tight deadline of 72 hours to finalise a legal package. Chairperson of the Pakistan Stock Exchange and Sui Southern Gas Company Limited, […]

FBR misses monthly target by 1.3% | The Express Tribune

ISLAMABAD: Sustained performance in income tax collection, coupled with a better show in previous months, has enabled the Federal Board of Revenue to achieve its seven-month target of Rs5.12 trillion. However, for the first time in this fiscal year, the monthly target was missed by Rs9 billion or 1.3%. Under an arrangement with the International […]

Cabinet greenlights FBR restructuring

Caretaker Prime Minister Anwaar-ul-Haq Kakar chairs meeting of the federal cabinet in Islamabad on January 30, 2024. — PID ISLAMABAD: On the recommendations of the Revenue Division, the federal government has greenlighted the proposed plan to restructure and digitise the Federal Board of Revenue (FBR) to meet the globally recognised practices for managing tax and […]

Cabinet questions FBR restructuring | The Express Tribune

ISLAMABAD: A majority of members in a federal cabinet body have identified flaws in the finance minister’s plan to restructure the Federal Board of Revenue (FBR), finding it not aligned with the requirements to end corruption and misuse of power by taxmen and lacking substance to enhance collection. The sub-committee of the federal cabinet finalised […]

IRS appeals to ECP on FBR restructuring | The Express Tribune

ISLAMABAD: The Inland Revenue Service (IRS) has approached the Election Commission of Pakistan, urging the electoral body to prevent the interim government from what it deems an “illegal and unconstitutional” restructuring of the Federal Board of Revenue (FBR). The petition was filed during the inaugural meeting of a sub-committee of the federal cabinet, which remained […]

Cabinet defers FBR restructuring | The Express Tribune

ISLAMABAD: The federal cabinet, under the leadership of Prime Minister Anwaarul Haq Kakar, on Tuesday deferred the approval of the restructuring plan for the Federal Board of Revenue (FBR) due to questions regarding the mandate of the caretaker government and the perceived complexity of the proposed scheme. A sub-committee, headed by the finance minister, has […]

Stalemate over FBR overhaul | The Express Tribune

ISLAMABAD: Finance Minister Dr Shamshad Akhtar and the Inland Revenue Service (IRS) stood firm on their respective positions on Friday, raising the likelihood of military intervention to break the impasse over sending a summary to the federal cabinet for the approval of the tax machinery overhaul. A day after her outburst against the taxmen, Akhtar […]

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