4 h. ago FTO pledges fair tax system to empower Pakistan’s business community

The Federal Tax Ombudsman (FTO) has reaffirmed its commitment to building a fair and efficient tax environment that supports businesses across Pakistan. FTO Coordinator Saif Ur Rehman shared this during a meeting with business leaders in Lahore on Saturday. Addressing a delegation led by Zahid Iqbal Arain, he highlighted the vital role businesses play in […]

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5 d. ago Rashid Langrial: Fair tax collection, no room for officer misconduct

Islamabad, July 1, 2025: Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial has firmly stated that officers abusing their powers by harassing taxpayers or misusing their authority under the guise of oversight and reforms will not be pardoned. Speaking at a press conference, Langrial emphasized that every taxpayer is valuable, and the FBR’s role […]

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2 w. ago IMF rejects FBR’s proposal for 25% tax rebate on teachers and researchers

ISLAMABAD — The International Monetary Fund (IMF) has twice rejected the Federal Board of Revenue’s (FBR) proposal to grant a 25 percent tax rebate to teachers and researchers starting July 1, 2025. FBR Chairman Rashid Mahmood Langrial informed the National Assembly Standing Committee on Finance about the IMF’s decision on Saturday. Langrial explained that the […]

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2 w. ago Pakistanis spend over Rs317 billion on foreign online platforms in 2024–25

ISLAMABAD — Pakistanis spent more than Rs317 billion on various online platforms run by foreign tech companies during the 2024–25 fiscal year, the Federal Board of Revenue (FBR) informed the National Assembly Standing Committee on Finance. Over 42.6 million transactions were recorded during this period. FBR Chairman Rashid Mahmood Langrial presented data highlighting top platforms […]

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2 w. ago FBR says banks pay 53% tax on income, seeks end to special privileges

ISLAMABAD: The Federal Board of Revenue (FBR) has revealed that banks in Pakistan pay a heavy 53% tax on their income. FBR Chairman Rashid Langrial disclosed this during a meeting of the National Assembly’s Standing Committee on Finance on Thursday, sparking discussions on the tax structure for financial institutions. He stated that the government wants […]

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2 w. ago FBR urges to end special tax treatment for banks, calls for uniform tax rules

The Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial has urged the Senate Standing Committee on Finance to abolish the special tax treatment given to banks. He recommended that banks be taxed under the same rules as other companies. During his briefing, Langrial questioned why banks are exempt from the normal tax regime applied […]

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2 w. ago “Clubs are for the elite’s luxury”: Govt approves tax on major clubs, says FBR chief

The Senate Standing Committee on Finance has approved a proposal to impose taxes on elite private clubs. The meeting took place under the chairmanship of Senator Saleem Mandviwalla. FBR Chairman Rashid Mahmood Langrial said that these clubs are built for the luxury of a few thousand people. He stressed that many of them own land […]

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3 w. ago FBR targets tobacco sector after sugar success to boost tax collections

Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial announced a major crackdown on tax evasion in the tobacco sector following a successful enforcement drive in the sugar industry. The FBR increased sugar sector tax collections by 39 percent without raising tax rates. Now, it plans similar strict measures for tobacco, retail, and other key […]

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