ISLAMABAD: After a delay of over seven years, the Federal Board of Revenue (FBR) and Pakistan Banks Association (PBA) have agreed to provide access to banks’ database of the clients to tax officials.

The understanding was reached on the implementation modalities of Section 165 and 165A of the Income Tax Ordi­nance 2001. These sections were introduced through the Finance Act 2013 but its implementation was suspended so far.

Published in Dawn, September 25th, 2020