Print Print edition: 2026-06-14

Finance Bill 2026: Two committees to identify, remove business & technical anomalies

Published June 14, 2026 Updated June 14, 2026 05:20am

2 min

By Sohail Sarfraz

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ISLAMABAD: The federal government has constituted two anomaly committees (business and technical) to identify and remove business and technical-related anomalies in the Finance Bill 2026.

In this regard, the FBR has issued two notifications here on Saturday.

According to an official notification issued by the Finance Division, the Technical-committee has been constituted by the Minister for Finance and Revenue and will review business-related anomalies submitted by stakeholders and advise the Federal Board of Revenue (FBR) on their removal.

READ MORE: Access Finance Bill 2026-27 here

The terms of reference (TORs) of the committee included reviewing anomalies identified and submitted by stakeholders and advising the Tax Policy Office on their removal.

The committee will be headed by Muhammad Raza of AF Ferguson & Co., Karachi, while Dr. Najeeb Ahmad Memon (Director General, Tax Policy Office), Hamid Ateeq Sarwar (Member Strategic Transformation), Sajjad Taslim Azam (Member IR-Policy, FBR), and Ashhad Jawad (Member Customs Policy, FBR) have been appointed as co-chairpersons.

The committee included representatives from tax bars, professional bodies, the business community and government departments, including AF Ferguson & Co., Karachi Tax Bar Association, EY Ford Rhodes, National Tariff Commission, Commerce Division, Institute of Cost and Management Accountants of Pakistan (ICMAP), and Pakistan Tax Bar Association.

The notification stated that anomalies related to the Finance Bill 2026 can be submitted to the committee by June 20, 2026 at Room No. 607, 6th Floor, Q-Block, Pak Secretariat, Islamabad. Stakeholders can also contact the committee through the provided email and telephone number.

Under the second notification, Ministry of Finance has constituted a high-level Anomaly Committee-Business to identify and remove business-related anomalies in the Finance Bill 2026.

The committee will be headed by Javed Kureishi, CEO Pakistan Business Council, while Dr. Najeeb Ahmad Memon, Director General Tax Policy Office (TPO) and Hamid Ateeq Sarwar, Member Strategic Transformation, will serve as co-chairpersons.

The committee includes senior officials of the Federal Board of Revenue (FBR) and representatives of leading business organizations, including FPCCI, Lahore Chamber of Commerce and Industry (LCCI), Karachi Chamber of Commerce and Industry (KCCI), Rawalpindi Chamber of Commerce and Industry (RCCI), Sialkot Chamber of Commerce, Pakistan Textile Exporters Association (PTEA), Overseas Investors Chamber of Commerce and Industry (OICCI), and Pakistan Business Council.

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