The Federal Board of Revenue (FBR) has agreed to release Rs83 billion in pending sales tax refunds and Rs43 billion in duty rebates within two to three months. FPCCI Senior Vice-President Saquib Fayyaz Magoon announced the development following a meeting with FBR Chairman Rashid Mahmood Langrial. According to Magoon, the chairman directed officials to expedite the payments, potentially improving cash flow and easing financial pressure on Pakistan’s business and export sectors.

The Federal Board of Revenue (FBR) has abolished super tax for exporters earning more than Rs500 million, subject to specified conditions concerning the realization of export proceeds. For other eligible taxpayers with income exceeding Rs500 million, the maximum super tax rate has been reduced from 10% to 8%. However, the concessions do not apply to banking, exploration and production, and fertilizer sectors, according to the FBR’s explanation of the Finance Act 2026.

The Federal Board of Revenue collected Rs901 billion in August 2026, missing its Rs930 billion target by Rs29 billion. However, total revenue collection during July-August FY27 reached Rs1.722 trillion, exceeding the two-month target by Rs12 billion. Strong sales tax and federal excise duty receipts supported the performance, while income tax and customs duty collections remained below target. Income tax fell 3% year-on-year to Rs688 billion, whereas sales tax increased 14% to Rs718 billion.