13/10/2025
💥 FBR STRIKES BIG! Rs89 BILLION Collected from Exports in First Year 💥
Islamabad, October 11, 2025 — In a major financial shake-up, the Federal Board of Revenue (FBR) has made headlines by collecting a jaw-dropping Rs89 billion in advance tax from exports during the first year of its new tax regime!
This bold move comes after the abolition of the final tax system for exporters, replaced by a new adjustable advance tax under Section 147(6C) of the Income Tax Ordinance, introduced through the Finance Act 2024. Now, exporters are required to pay a 2% tax on export proceeds — 1% minimum tax plus 1% advance tax — directly deducted by withholding agents at the time of payment or foreign exchange realization.
🚨 According to FBR insiders, this reform was aimed at tightening documentation, curbing loopholes, and ensuring every rupee of export income is accounted for. The result? A massive Rs89 billion boost to the national exchequer — a figure that’s already making waves across the business community.
However, not everyone is cheering. Exporters are voicing serious concerns, saying the new system adds financial strain and red tape, especially for small and medium enterprises. They warn that the complex paperwork and double deductions could slow export growth if immediate simplifications aren’t made.
Still, the FBR stands firm, calling this a “turning point for transparency and accountability” in Pakistan’s export sector. Officials believe that as the system stabilizes, it will not only bring in higher revenues but also strengthen Pakistan’s economic backbone by making exports more traceable and compliant.
📊 One thing is clear — the FBR’s Rs89 billion triumph has changed the export game forever!
Karachi Chamber of Commerce & Industry Federation of Pakistan Chambers of Commerce & Industry Islamabad Chamber of Commerce & Industry Rawalpindi Chamber of Commerce & Industry Lahore Chamber of Commerce & Industry ICMAP Federal Board of Revenue
