News
FBR Releases Draft Fixed Tax Scheme for Small Traders With Rs. 200 Million Turnover Cap
4+ hour, 38+ min ago (254+ words) The Federal Board of Revenue (FBR) has released the draft framework for its new Fixed Tax Scheme aimed at bringing millions of small traders into Pakistan’s tax net while simplifying tax compliance. According to the draft proposal, traders and the…...
Pakistan’s Salaried Class Paid Rs. 633 Billion in Tax—More Than Three Major Sectors Combined
1+ week, 4+ day ago (421+ words) Pakistan’s salaried class emerged as one of the country’s largest taxpayers during the fiscal year 2025-26, contributing a record Rs. 633 billion in income tax, more than the combined tax collected from exporters, property sellers and the retail sector. According to provisional…...
9,000 Pakistanis With Rs. 750 Billion Deposits Pay Zero Tax: FBR Chief’s Major Disclosure
4+ week, 2+ hour ago (168+ words) Federal Board of Revenue (FBR) Chairman Rashid Langrial has revealed major tax discrepancies after the authority gained access to multiple databases, including information related to taxpayers’ financial records. Briefing the National Assembly Standing Committee on Finance, chaired by Syed Naveed…...