The Federal Board of Revenue (FBR) reported a remarkable increase in tax returns for the fiscal year 2024, with 4.82 million returns submitted by October 26, doubling the 2.407 million filed in 2023. Among these, 1.82 million returns reported no income. Additionally, the FBR has gathered data on 195,000 high-net-worth individuals to enhance tax compliance efforts, partnering with NADRA for improved data exchange.
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