Close Menu
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
What's Hot

Cisco Systems deserves more respect in AI, and its quarterly results prove it

August 14, 2025

Jailing of South Korea’s Kim Keon-hee reveals fresh bribery claims over US$40,000 watch

August 14, 2025

Chinese cosmetics challenge global brands with affordable allure

August 13, 2025
Facebook X (Twitter) Instagram
Thursday, August 14
Facebook X (Twitter) Instagram
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
World Economist – Global Markets, Finance & Economic Insights
Home » Govt confident of full-year achievement as FBR meets July tax target – Business & Finance
Economist Intelligence

Govt confident of full-year achievement as FBR meets July tax target – Business & Finance

adminBy adminAugust 5, 2025No Comments2 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link
Post Views: 13


After meeting its revenue target for July, the government believes that the Federal Board of Revenue (FBR) is on track to achieve the full-year target.

The development was highlighted during a weekly review meeting held in Islamabad regarding matters related to FBR, read a statement released by the Prime Minister’s Office (PMO) on Tuesday.

The FBR provisionally collected over and above Rs754 billion during July 2025 against the assigned monthly target of Rs748 billion, reflecting achievement of 100.9% percent of target.

Chairing the meeting, Prime Minister Shehbaz Sharif expressed satisfaction on the increase in the tax-to-GDP ratio, terming the development a result of reforms undertaken in the FBR.

“The federal government and I personally will fully support and safeguard the reform measures taken by the authorities,” he said.

He directed authorities to ensure consistent implementation of reforms by eliminating red tape and institutional barriers.

PM Shehbaz directed that in order to sustain the gains of tax collection in the ongoing fiscal year, the federation and provinces must work in coordination with an integrated strategy.

“Effective and efficient implementation of already levied taxes in the ongoing fiscal year will play a key role in further increasing tax collection,” he said.

PM Shehbaz urged authorities in FBR to formulate a strategy in consultation with relevant federal agencies and the provinces, to improve the tax-to-GDP ratio.

He said that the FBR and customs clearance departments should enhance their capacity in collaboration with the Ministry of Information and Broadcasting to raise public awareness about the reformed system.

During the meeting, it was told that on the special directive of the prime minister, the income tax returns form has been compiled online in Urdu. The meeting was told that approximately 84% of filers will benefit from the simplified and Urdu-based online income tax return form.

It was learnt that the establishment of digital enforcement stations for customs clearance across the country is underway on a priority basis.

The meeting was informed that a full implementation of the Centralized Assessment Unit (CAU) and the faceless customs system will help make the customs clearance system more efficient and transparent.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
admin
  • Website

Related Posts

Economist Intelligence

Pakistan economy in ‘better position’ to manage domestic risks, external shocks, says SBP – Business & Finance

August 13, 2025
Economist Intelligence

ECC approves industrial estate at PSM land, leather export facilitation – Business & Finance

August 13, 2025
Economist Intelligence

Highnoon Laboratories, Beximco Pharmaceuticals partner to help transform healthcare in Pakistan – Business & Finance

August 13, 2025
Economist Intelligence

What does Moody’s upgraded rating signify for Pakistan? – Markets

August 13, 2025
Economist Intelligence

Moody’s upgrades Pakistan’s ratings to Caa1, changes outlook to stable – Business & Finance

August 13, 2025
Economist Intelligence

Crescent Star Insurance eyes 38% stake in SG Power Limited – Business & Finance

August 13, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Pakistan economy in ‘better position’ to manage domestic risks, external shocks, says SBP – Business & Finance

August 13, 2025

ECC approves industrial estate at PSM land, leather export facilitation – Business & Finance

August 13, 2025

Highnoon Laboratories, Beximco Pharmaceuticals partner to help transform healthcare in Pakistan – Business & Finance

August 13, 2025

What does Moody’s upgraded rating signify for Pakistan? – Markets

August 13, 2025
Latest Posts

PSX hits all-time high as proposed ‘neutral-to-positive’ budget well-received by investors – Business

June 11, 2025

Sindh govt to allocate funds for EV taxis, scooters in provincial budget: minister – Pakistan

June 11, 2025

US, China reach deal to ease export curbs, keep tariff truce alive – World

June 11, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • Cisco Systems deserves more respect in AI, and its quarterly results prove it
  • Jailing of South Korea’s Kim Keon-hee reveals fresh bribery claims over US$40,000 watch
  • Chinese cosmetics challenge global brands with affordable allure
  • What’s driving ethereum higher today, and what’s next?
  • Trump’s curbs on China’s shipbuilding edge spur South Korean investments in Asean

Recent Comments

No comments to show.

Welcome to World-Economist.com, your trusted source for in-depth analysis, expert insights, and the latest news on global finance and economics. Our mission is to provide readers with accurate, data-driven reports that shape the understanding of economic trends worldwide.

Latest Posts

Cisco Systems deserves more respect in AI, and its quarterly results prove it

August 14, 2025

Jailing of South Korea’s Kim Keon-hee reveals fresh bribery claims over US$40,000 watch

August 14, 2025

Chinese cosmetics challenge global brands with affordable allure

August 13, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • August 2025
  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • June 2024
  • October 2022
  • March 2022
  • July 2021
  • February 2021
  • January 2021
  • November 2019
  • April 2011
  • January 2011
  • December 2007
  • July 2007

Categories

  • AI & Tech
  • Asia
  • Banking
  • Business
  • Business
  • China
  • Climate
  • Computing
  • Economist Impact
  • Economist Intelligence
  • Economy
  • Editor's Choice
  • Europe
  • Europe
  • Featured
  • Featured Business
  • Featured Climate
  • Featured Health
  • Featured Science & Tech
  • Featured Travel
  • Finance & Economics
  • Health
  • Highlights
  • Markets
  • Middle East
  • Middle East & Africa
  • Middle East News
  • Most Viewed News
  • News Highlights
  • Other News
  • Politics
  • Russia
  • Science
  • Science & Tech
  • Social
  • Space Science
  • Sports
  • Sports Roundup
  • Tech
  • This week
  • Top Featured
  • Travel
  • Trending Posts
  • Ukraine Conflict
  • Uncategorized
  • US Politics
  • USA
  • World
  • World & Politics
  • World Economy
  • World News
© 2025 world-economist. Designed by world-economist.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.