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

FIA to convert Karachi Cotton Exchange building into city headquarters

29/04/2026

Sea Link Group moves to acquire control of Pakistan International Container Terminal

29/04/2026

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

FIA to convert Karachi Cotton Exchange building into city headquarters

byCT Report
29/04/2026

KARACHI: The Federal Investigation Agency (FIA) is preparing to shift its Karachi operations to the Karachi Cotton Exchange building, which...

Sea Link Group moves to acquire control of Pakistan International Container Terminal

byCT Report
29/04/2026

KARACHI: Sea Link Group Limited, incorporated in the Republic of Seychelles, has announced its intention to acquire at least 83.41%...

PM for faster digitisation of licensing process for investors

byCT Report
29/04/2026

ISLAMABAD: Prime Minister Shehbaz Sharif directed authorities to accelerate the digitization of the licensing process for investors, a statement from...

xr:d:DAFUw169jpg:16,j:2231928652156531663,t:23063008

IMF allows Pakistan to cut captive gas levy by up to 60pc for industries

byCT Report
29/04/2026

KARACHI:  Pakistan has secured conditional approval from the International Monetary Fund (IMF) to revise the formula for calculating the captive...

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.