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Business & Commerce

Federal Tax Ombudsman Exposes Major Systemic Loophole in FBR’s FASTER Refund System

Last updated: July 25, 2026 3:42 pm
Yamna Shahid
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Federal Tax Ombudsman Exposes Major Systemic Loophole in FBR's FASTER Refund System
Federal Tax Ombudsman Exposes Major Systemic Loophole in FBR's FASTER Refund System
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ISLAMABAD — The Federal Tax Ombudsman (FTO), Zafar Hijazi, has identified a critical systemic flaw within the Federal Board of Revenue’s (FBR) automated FASTER sales tax refund system, directing the tax authority to implement immediate corrective measures. The ruling was issued following formal complaints lodged by Karachi-based exporter M/s Quality Towellers. The FTO warned that the loophole is severely hurting the export sector and undermining the integrity of the automated refund mechanism by failing to distinguish between commercial export Goods Declarations (GDs) and non-commercial sample export GDs sent via couriers.

Because non-commercial samples do not require the realization of foreign export proceeds, the system incorrectly triggers a “GD Not Realised” objection. Instead of deferring only the proportionate amount related to the sample, the automated system incorrectly diverts the taxpayer’s entire carry-forward refund claim into slow, manual processing pipelines. During the hearings, Pakistan Revenue Automation Ltd (PRAL) stated that it merely receives raw data from Pakistan Customs via an automated interface and lacks the legal or technical authority to filter it out. Terming the issue a “hazardous loophole,” the FTO has ordered FBR’s Inland Revenue and Customs Wings to coordinate a joint technical resolution immediately.

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Previous Article Finance Ministry Slashes Development Loan Mark-up by 5.85% Following Central Bank Policy Cuts Finance Ministry Slashes Development Loan Mark-up by 5.85% Following Central Bank Policy CutsISLAMABAD — The federal government on Friday announced a substantial reduction of 5.85 percentage points in the mark-up rate chargeable on cash development loans (CDLs) and advances for the fiscal year 2025–26. According to a notification issued by the Ministry of Finance, the rate has been set at 11.89 percent, down from 17.74 percent in FY25 and 17.84 percent in FY24. The drop is directly attributed to the easing of the State Bank of Pakistan’s benchmark policy rate, which receded from its historic 22 percent peak down to 11.5 percent. This newly adjusted 11.89 percent interest rate will also apply globally to federal loans and advances disbursed to government employees for house construction and transport purchases. Despite this fiscal relief, the updated mark-up remains roughly 15.4 percent higher than the 10.30 percent baseline recorded in FY21. Over a longer horizon, these federal borrowing rates have surged by nearly 175 percent since FY17, when the rate stood at just 6.54 percent. This lending structure functions as a lucrative revenue channel for the federal apparatus, which typically contracts foreign development loans from international lenders at concessionary rates near 2 percent before on-lending them to provincial governments, Azad Jammu & Kashmir (AJK), Gilgit-Baltistan, and public sector enterprises (PSEs) at significantly higher mark-ups. Through this system, the federal government generated approximately Rs164 billion in interest revenue during FY26, following a massive collection of Rs245 billion in FY25.
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