Govt Approves Rs. 4 Billion for FBR Despite Shocking Issues in IRIS Portal

The Economic Coordination Committee (ECC) recently approved a significant Rs. 4 billion Technical Supplementary Grant (TSG) for Pakistan Revenue Automation Limited (PRAL) to aid in the restructuring and execution of the Federal Board of Revenue’s (FBR) Transformation Plan. This decision came amidst concerns over recent problems reported in the tax administration’s IRIS portal.

The fiscal year for filing returns officially concludes on October 15, 2026. PRAL offers technology and automation support to FBR, playing a vital role in the tax system.

PRAL's involvement extends to providing essential systems for tax administration. The grant is primarily intended to bolster FBR's initiatives aimed at enhancing digital infrastructure and transforming its revenue collection processes. Despite the financial commitment, FBR has been grappling with persistent challenges associated with its IRIS tax system, which have caused disruptions and difficulties for taxpayers and tax professionals alike.

In addition to the TSG, the ECC took other significant steps. It approved an amendment to SRO 693(I)/2006, which pertains to the Additional Customs Duty on locally manufactured tyres. This move is aimed at bolstering domestic manufacturing efforts. Moreover, the committee endorsed a financing framework devised by the State Bank of Pakistan. This framework seeks to integrate eligible Agency Financial Institutions under existing risk coverage schemes, thereby supporting small enterprises and small farmers.