Govt Approves Rs. 4 Billion for FBR Despite Shocking Issues in IRIS Portal
Notably, the Economic Coordination Committee (ECC) on Thursday approved a Rs.
Notably, the Economic Coordination Committee (ECC) on Thursday approved a Rs.
Article outline
- What happened
- Why it matters
- The key numbers
- The bottom line
Key points
- 150, 000 Fine for Traders to Save Flopped Tax Scheme.
- ECC additionally approved an amendment to SRO 693(I)/2006 concerning Further Customs Duty on locally manufactured tyres, with the measure aimed at supporting domestic manufacturing.
- The Economic Coordination Committee (ECC) on Thursday approved a Rs.
- The funding was approved on a summary submitted by the Revenue Division during the ECC session despite recent matters documented in the tax collector's IRIS portal.
- Obtain the latest business news, market insights, and economic updates wherever you prefer.
Notably, the Economic Coordination Committee (ECC) on Thursday approved a Rs. 4 billion Technical Supplementary Grant (TSG) for Pakistan Revenue Automation Limited (PRAL) to backing the restructuring and implementation of the Federal Board of Revenue's (FBR) Transformation Plan.
Notably, the funding was approved on a summary submitted by the Revenue Division during the ECC session despite recent matters documented in the tax collector's IRIS portal. The 2026 return filing season is officially ending on October 15, 2026.
FBR Threatens Rs. 150, 000 Fine for Traders to Save Flopped Tax Scheme.
PRAL provides technology and automation backing to FBR, including systems employed for tax administration. The grant is aimed at FBR's efforts to upgrade its digital infrastructure and transform its revenue collection system.
FBR has faced persistent problems with its IRIS tax system, including disruptions and difficulties noted by taxpayers and tax professionals.
Separately, the committee approved a financing framework developed by the State Bank of Pakistan to bring eligible Agency Financial Institutions under existing risk coverage schemes for small enterprises and small farmers. Stay Connected with ProPakistani.
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Taken together, the developments around govt Approves Rs. 4 Billion for FBR Despite Shocking Issues in IRIS point to a situation that is still moving, and the coming days should bring more clarity.
