BUDGET 2026-27 : NA panel rejects FBR bid to access bank account data (opens original article in a new tab)

A parliamentary committee in Pakistan rejected the FBR's bid to access bank account data of taxpayers, approved higher tax rates for salaried individuals and luxury vehicles, and opposed stricter penalties for tax filers.

• Parliamentary committee rejected FBR's proposal to access taxpayers' bank account data due to misuse concerns.
• Committee approved higher tax rates for salaried class and luxury vehicles, but criticized the relief measures as insufficient.
• FBR's proposal for stricter penalties for tax filers and non-filers was rejected, with calls for more taxpayer protection.