Published on, Aug. 19 -- August 19, 2025 7:24 AM

Pakistan's 'tax policy office' will no longer come under the Federal Board of Revenue (FBR) as Finance Minister Muhammad Aurangzeb announced on Monday that it will be under the purview of the Ministry of Finance. This means means the FBR will no longer play the crucial role of preparing the annual budget.

"Tax policy office is now moved into the Finance Division. FBR has nothing to do with the policy. The next year's budget to be presented in 2026 (for FY27) will be led by the finance and tax policy office and not by FBR," Senator Aurangzeb said while speaking at a workshop titled 'Unlocking Capital Market Potential for Banks', organized by the Securities and Exchange Commission of Pakist...