📢 FBR’s Tax Expenditure Report 2025 – Key Insights The Federal Board of Revenue (FBR) has acknowledged that revenue shortfalls from tax exemptions and concessions are being compensated through alternative revenue collection measures such as: ✅ Development levies ✅ Surcharges ✅ Cesses ✅ Other similar charges According to the Tax Expenditure Report-2025, the government emphasizes that: 1. Tax expenditures don’t always reflect actual revenue loss. 2. Ending tax incentives may not guarantee equal r