Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Breaking News

FBR Chairman offers installment option for Rs217b super tax arrears

byCT Report
05/02/2026
in Breaking News, Islamabad, Latest News, Slider News
Share on FacebookShare on Twitter

ISLAMABAD: The Federal Board of Revenue (FBR) has announced major relief for Pakistan’s business community by agreeing to recover pending super tax liabilities in easy installments, following sharp criticism from senators over aggressive enforcement actions.

Chairman FBR Rashid Mahmood Langrial informed the Senate Standing Committee on Finance that the actual super tax arrears amount to Rs217 billion, rejecting media reports claiming liabilities had surged to Rs300 billion. He assured lawmakers that no businesses would be sealed or forcibly shut down due to super tax recovery and confirmed that the FBR is prepared to facilitate taxpayers through installment-based payments.

You might also like

New, simple electricity bill format launched

17/06/2026

FCC declares property tax regime ‘confiscatory’

17/06/2026

During the committee meeting, several senators expressed concern that long-standing taxpayers were facing repeated harassment, including threats of bank account freezes and arrests, creating uncertainty and panic across commercial markets. Members urged the tax authority to adopt a more cooperative approach instead of coercive recovery measures.

Responding to these concerns, Langrial emphasized that the FBR aims to improve compliance through engagement rather than force, reiterating the authority’s willingness to resolve outstanding dues amicably.

Meanwhile, Finance Minister Muhammad Aurangzeb highlighted the importance of sustainable growth in Pakistan’s tax-to-GDP ratio for long-term economic stability. He clarified that the super tax is not linked to Pakistan’s IMF loan program and assured parliamentarians that the Senate committee would be consulted during preparations for the upcoming federal budget.

The latest development signals a shift toward a more business-friendly tax environment, offering relief to struggling enterprises while maintaining the government’s revenue targets.

Related Stories

New, simple electricity bill format launched

byCT Report
17/06/2026

ISLAMABAD: The Power Division has introduced a new and simplified electricity bill format across the country to improve consumer convenience,...

FCC declares property tax regime ‘confiscatory’

byCT Report
17/06/2026

ISLAMABAD: The Federal Constitutional Court has held that Section 7E of the Income Tax Ordinance, 2001, was effectively illusory and...

Punjab proposes higher sales tax on restaurant payments via cards

byCT Report
17/06/2026

LAHORE: The Punjab government has proposed an increase in sales tax on restaurant payments made through digital channels under the...

Pakistan’s tech exports hit record $4.2b in 11MFY26: Khurram Schehzad

byCT Report
17/06/2026

ISLAMABAD: Advisor to the Finance Minister, Khurram Schehzad said on Wednesday that Pakistan’s information technology sector achieved a record export...

Next Post

Cabinet panel approves EXIM Bank procurement policy, clears board appointments

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.