Published on, Sept. 27 -- September 27, 2025 8:10 AM

The Federal Board of Revenue (FBR) on Friday announced the removal of the "Estimated Fair Market Value" column from income tax return forms for 2025, following the approval of Prime Minister Shehbaz Sharif.

According to a statement, the prime minister had constituted a high-level committee headed by Federal Law Minister Senator Azam Nazeer Tarar to review the new requirement, which obliged tax filers to declare the estimated fair market value of their movable and immovable assets.

The committee, which included the federal minister for petroleum, the minister of state for finance, the attorney general, the SAPM on Coordination of the Deputy Prime Minister's Office, the finance secreta...