The Federal Board of Revenue (FBR) in Pakistan has announced a significant policy shift by allowing businesses to pay super tax arrears in installments, a move aimed at alleviating the financial burden on companies. According to TechJuice, FBR Chairman Rashid Mahmood Langrial clarified that the total super tax liability is Rs217 billion, contrary to earlier reports of Rs300 billion. This decision comes after criticism from senators regarding the FBR's aggressive recovery tactics, which included threats of account closures and arrests, as reported by ProPakistani. Finance Minister Muhammad Aurangzeb emphasized that the super tax is crucial for sustainable tax-to-GDP growth and is not linked to the IMF's loan program.
FINANCE
FBR Chairman Rashid Mahmood Langrial Offers Tax Relief Measures

Pakistan's FBR allows super tax arrears in installments to ease business burdens amid criticism. Rs70B collected so far. Concerns over economic impact and declining tax filings persist.
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Updated 9h agoPR
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Updated 10h agoAN
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Updated 14h agoSG
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Updated 1 day agoYT