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

Law minister firmly defends FBR’s authority to access taxpayers’ bank data

byCT Report
06/12/2025
in Breaking News, Islamabad, Latest News
Share on FacebookShare on Twitter

ISLAMABAD: Law Minister Azam Nazeer Tarar strongly defended the Federal Board of Revenue’s (FBR) legal mandate to seek and share bank information with taxpayers, saying such inquiries are fully backed by law and aligned with global anti–money laundering standards.

Responding to a calling-attention notice from Senator Asad Qasim over FBR text messages revealing filers’ bank balances and transactions, Tarar said financial scrutiny is a core component of modern tax administration.

You might also like

Chinese consortium to expand investment in Pakistan’s capital market infrastructure

15/06/2026

Banks must upload account data to FBR Hub under FY27 Bill

15/06/2026

“You cannot say FBR should not ask questions,” he remarked, adding that banks are legally required to provide data and that tax evasion is globally treated as a predicate offence under AML rules.

He stressed that transparency between taxpayers and regulators is essential. “If someone has five crore rupees in their account but hasn’t declared it, and FBR issues a reminder, there should be no objection,” he said.

Minister for Parliamentary Affairs Dr. Tariq Fazal Chaudhry earlier confirmed that FBR had sent messages to both filers and non-filers where discrepancies were found between declared income and bank records. He cited Section 165A of the Income Tax Ordinance, which empowers banks to share deposit information, along with provisions allowing FBR access to data from FIA, the State Bank, NADRA, and utility companies.

Rejecting claims of privacy violations, he said, “If my account information is sent, it comes only to me. There is no broadcast of anyone’s data.”

Despite the government’s position that the law is unambiguous, the Senate referred the matter to the relevant standing committee for further review given the sensitivities around data protection and taxpayer privacy.

Related Stories

Chinese consortium to expand investment in Pakistan’s capital market infrastructure

byCT Report
15/06/2026

ISLAMABAD: Chinese investors have reaffirmed their long-term commitment to Pakistan’s capital markets following the resolution of key regulatory matters by...

Banks must upload account data to FBR Hub under FY27 Bill

byCT Report
15/06/2026

ISLAMABAD: The Federal Board of Revenue (FBR) has proposed mandatory electronic data sharing by all banks and Electronic Money Institutions...

FBR Bahawalpur Zone recovers Rs530m in record enforcement drive

byCT Report
15/06/2026

BAHAWALPUR: The Federal Board of Revenue (FBR) Bahawalpur Zone has recovered over Rs530 million in taxes from Islamia University of...

Traders demand removal of Rs25,000 fixed tax in Finance Bill 2026

byCT Report
15/06/2026

LAHORE: The business community has called on the government to withdraw the fixed tax component from the newly proposed trader...

Next Post

Pakistan’s central govt debt rises to Rs77 trillion in October 2025

  • 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.