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The Federal Board of Revenue, formerly known as Central Board of Revenue, is a federal law enforcement agency of Pakistan that investigates tax crimes, suspicious accumulation of wealth and money-laundering.
INTRODUCTION TO FBR
The Central Board of Revenue (CBR) was made on April 01, 1924 through order of the Central Board of Revenue Act, 1924. In 1944, an undeniable Revenue Division was made under the Ministry of Finance. After autonomy, this plan went on up to 31st August 1960 when on the suggestions of the Administrative Re-association Committee, FBR was made an appended division of the Ministry of Finance. In 1974, further changes were made to smooth out the association and its capabilities. Subsequently, the post of Chairman FBR was made with the situation with ex-officio Additional Secretary and Secretary Finance was feeling significantly better of his obligations as ex-officio Chairman of the FBR.
To eliminate obstacles in the activity of regulatory powers of a Secretary to the Government and compelling detailing and execution of monetary strategy gauges, the situation with FBR as a Revenue Division was reestablished under the Ministry of Finance on October 22, 1991. Notwithstanding, the Revenue Division was canceled in January 1995, and FBR returned to the pre-1991 position. The Revenue Division keeps on existing since from December 01, 1998.
By the order of FBR Act 2007 in July 2007 the Central Board of Revenue has now become Federal Board of Revenue.
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