{"id":105874,"date":"2026-06-22T15:32:41","date_gmt":"2026-06-22T10:32:41","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=105874"},"modified":"2026-06-22T15:32:45","modified_gmt":"2026-06-22T10:32:45","slug":"na-panel-rejects-fbr-bank-access-plan","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/na-panel-rejects-fbr-bank-access-plan.html","title":{"rendered":"NA body rejects plan to expand FBR oversight of bank accounts"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Islamabad: The National Assembly Standing Committee on Finance and Revenue has rejected a proposal that sought to expand the Federal Board of Revenue\u2019s (FBR) access to taxpayers\u2019 bank account data, citing concerns over misuse and privacy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The committee, chaired by MNA Naveed Qamar, reviewed the Finance Bill 2026 and took up the government\u2019s proposal to allow tax authorities access to account information held in scheduled banks for monitoring financial transactions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">During the meeting, lawmakers strongly opposed the move, warning that such access could lead to potential misuse of sensitive financial data.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Read: <a href=\"https:\/\/www.zameen.com\/news\/na-panel-slams-high-duties-on-small-cars.html\" target=\"_blank\" rel=\"noreferrer noopener\">NA panel slams high duties on small cars, seeks policy overhaul<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">PPP lawmaker Sharmila Faruqui said she was certain the information would be misused, while other members questioned the necessity of granting direct access to bank records when alternative verification mechanisms already existed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">FBR officials informed the committee that the data already resides with the State Bank of Pakistan and would only be used to cross-check income tax returns. They argued that the measure would help improve monitoring of financial transactions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, lawmakers insisted that the FBR should not be allowed direct access to account-holder data from scheduled banks.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">After detailed deliberations, the committee rejected the proposal and barred the tax authority from directly accessing taxpayers\u2019 bank account information.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The National Assembly Standing Committee on Finance and Revenue has rejected a proposal that sought to expand the Federal Board of Revenue\u2019s (FBR) access to taxpayers\u2019 bank account data, citing concerns over misuse and privacy. The committee, chaired by MNA Naveed Qamar, reviewed the Finance Bill 2026 and took up the government\u2019s proposal to allow tax authorities access to account information held in scheduled banks for monitoring financial transactions. During the meeting, lawmakers strongly opposed the move, warning that such access could lead to potential misuse of sensitive financial data. Read: NA panel slams high duties on small cars, seeks policy overhaul PPP lawmaker Sharmila Faruqui said she was certain the information would be misused, while other members questioned the necessity of granting direct access to bank records when alternative verification mechanisms already existed. FBR officials informed the committee that the data already resides with the State Bank of Pakistan and would only be used to cross-check income tax returns. They argued that the measure would help improve monitoring of financial transactions. However, lawmakers insisted that the FBR should not be allowed direct access to account-holder data from scheduled banks. After detailed deliberations, the committee rejected the proposal and&hellip;<\/p>\n","protected":false},"author":18,"featured_media":105551,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[74317,74315,74325,74322,3362,74319,70688,74321,74316,54748,74323,74318,62054,73559,74314,74320,74324,58217,65687,43185],"persona":[],"class_list":["post-105874","post","type-post","status-publish","format-standard","has-post-thumbnail","category-legal-taxation","tag-bank-accounts","tag-banking-data-privacy","tag-banking-secrecy-pakistan","tag-data-privacy-concerns","tag-fbr","tag-fbr-oversight","tag-finance-bill-2026","tag-financial-data-access","tag-fiscal-reforms-pakistan","tag-income-tax-pakistan","tag-na-body","tag-national-assembly-standing-committee","tag-naveed-qamar","tag-parliamentary-committee-pakistan","tag-revenue-board-pakistan","tag-scheduled-banks","tag-tax-administration-pakistan","tag-tax-policy","tag-tax-reform-pakistan","tag-taxpayer-data","cat-15015-id"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>NA panel rejects FBR bank access plan - Zameen News<\/title>\n<meta name=\"description\" content=\"FBR officials informed the committee that the data already resides with the State Bank of Pakistan and would only be used to cross-check...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/na-panel-rejects-fbr-bank-access-plan.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NA panel rejects FBR bank access plan - Zameen News\" \/>\n<meta property=\"og:description\" content=\"FBR officials informed the committee that the data already resides with the State Bank of Pakistan and would only be used to cross-check...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/na-panel-rejects-fbr-bank-access-plan.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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