BeNewz Report ISLAMABAD: Pakistan faces stricter IMF conditions as 430 billion rupee tax plan emerges alongside sweeping fiscal tightening, higher energy levies, and expanded revenue enforcement measures affecting next fiscal year’s budget framework. The International Monetary Fund has placed eleven new conditions on Pakistan’s fiscal framework under ongoing economic reforms. …
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Attempts to conceal alleged financial irregularities and missing inventory BeNewz Report QUETTA: A massive fire erupted at a Pakistan Customs warehouse in the Lak Pass area of Balochistan on Sunday, injuring at least 37 people and destroying goods and vehicles worth billions of rupees, rescue officials said. The blaze triggered …
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Aftab Maken ISLAMABAD: The Federal Board of Revenue (FBR) temporarily sealed the Blue Area branch of Tehzeeb Bakers in Islamabad during an enforcement action linked to alleged tax compliance and invoicing irregularities, according to media reports and officials familiar with the matter. The action was reportedly taken as part of …
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–Pakistan’s tax authority falls behind revised collection goal in first 10 months, raising fiscal concerns Aftab Maken ISLAMABAD: Federal Board of Revenue (FBR) has failed to meet its revenue collection target during the first 10 months of fiscal year 2025-26, with a shortfall of Rs 683 billion, according to provisional …
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–FBR names eight suspended officers in expanding silver swap case as criminal investigation proceeds under FIR filed earlier this month Aftab Maken ISLAMABAD: Federal Board of Revenue (FBR) on Sunday late night named eight customs officers suspended after fresh findings in a high-profile silver swap investigation pointed to direct involvement, …
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–Country’s tax authority missed its nine-month target by Rs610 billion as import slowdown and geopolitical tensions hit revenue growth Aftab Maken ISLAMABAD: The Federal Board of Revenue has reported a widening revenue shortfall of Rs 610 billion during the first nine months of FY2026, reflecting mounting fiscal pressures amid slowing …
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Aftab Maken ISLAMABAD: Pakistan must collect Rs322 billion from court rulings before IMF board review, as authorities scramble to offset a major tax shortfall and unlock $1.2 billion in fresh financing. Pakistan’s International Monetary Fund has imposed a key prior action requiring the Federal Board of Revenue to recover Rs322 …
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— FIA registers separate money laundering and regulatory cases against Dr. Fazeela Abbasi Aftab Maken ISLAMABAD: Pakistan’s Federal Investigation Agency has registered two separate cases against Dr. Fazeela Abbasi—a TikToker and sister of actor Hamza Ali Abbasi, over alleged money laundering and regulatory violations. One case was filed under money …
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Aftab Maken ISLAMABAD: FBR collected Rs 8.1tr in July-February, missing the revised target by Rs 450bn and raising the likelihood of another downward revision after IMF talks. Pakistan’s Federal Board of Revenue has recorded a Rs 450bn revenue shortfall during the first eight months of fiscal year 2025-26, intensifying pressure …
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Federal Board of Revenue will keep all major field offices open on Saturday, February 28, to facilitate taxpayers and ensure timely collection of duties and taxes. BeNewz Report ISLAMABAD: The Federal Board of Revenue said on Friday it will keep all Large Taxpayer Offices, Medium Taxpayer Offices, Corporate Tax Offices …
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