Polyacrylonitrile (PAN), with its unique chemical, electrical, mechanical, and thermal properties, has become a crucial acrylic polymer for the industry. This polymer has been widely used to fabricate ultrafiltration, nanofiltration, and reverse osmosis membranes for water treatment applications. However, it recently started to be used to fabricate thin-film composite (TFC) and fiber-based forward osmosis (FO) membranes at a lab scale. Phase inversion and electrospinning methods were the most utilized techniques to fabricate PAN-based FO membranes. The PAN substrate layer could function as a good support layer to create TFC and fiber membranes with excellent performance under FO process conditions by selecting the proper modification techniques. The various modification techniques used to enhance PAN-based FO performance include interfacial polymerization, layer-by-layer assembly, simple coating, and incorporating nanofillers. Thus, the fabrication and modification techniques of PAN-based porous FO membranes have been highlighted in this work. Also, the performance of these FO membranes was investigated. Finally, perspectives and potential directions for further study on PAN-based FO membranes are presented in light of the developments in this area. This review is expected to aid the scientific community in creating novel effective porous FO polymeric membranes based on PAN polymer for various water and wastewater treatment applications.