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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Aftab Maken Islamabad: The Federal Board of Revenue (FBR) is facing an escalating crisis, reporting a massive revenue shortfall of Rs 1,027 billion during the first eleven months (July 2024 to May 2025) of the current fiscal year. This alarming gap, which includes a Rs 206 billion deficit in May …
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National Assembly Standing Committee on Finance on Friday deliberated on the Federal Board of Revenue’s (FBR) request for expanded powers aimed at addressing significant tax evasion in major sectors. FBR Chairman Rashid Langrial briefed the committee, pointing out that while the FBR holds monitoring authority under sales tax regulations, it …
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