Pakistan Revenue
Find top stories in this section. Pakistan Revenue brings you the latest and most important news from Pakistan and around the world, keeping you informed with key updates and insights.
PM directs ministries to adopt modern technologies, boost industrial output and expand exports under wide-ranging economic reform agenda Prime Minister Muhammad Shehbaz Sharif has instructed all federal ministries to engage industry experts and technology specialists to support the integration of modern technologies into key sectors of the economy, as part of broader efforts to boost […]
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Cabinet clears nationwide medicine tracking system to enhance patient safety and eliminate counterfeit drugs from the supply chain In a major reform for Pakistan’s healthcare sector, the federal cabinet has approved the nationwide rollout of a Track and Trace System for pharmaceutical products, introducing a digital mechanism designed to monitor medicines throughout the supply chain […]
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Prime Minister directs FBR to settle outstanding tax refunds within two weeks to improve business liquidity and investor confidence Prime Minister Muhammad Shehbaz Sharif on Monday directed the Federal Board of Revenue (FBR) to clear all pending tax refund cases by June 15, 2026, in a significant move aimed at easing liquidity pressures on businesses […]
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CPI rises from 10.9% in April as food, energy and transport costs keep pressure on households Pakistan’s headline inflation rose to 11.7% in May 2026, according to data released by the Pakistan Bureau of Statistics (PBS) on Monday, reflecting persistent price pressures across food, energy and transport segments.
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Adviser says revised projections reflect macroeconomic changes, denies claims of fiscal shortfall or revenue crisis Pakistan has revised downward the Federal Board of Revenue’s (FBR) tax collection target for fiscal year 2025-26 (FY26) to around Rs13 trillion, down from the original Rs14.13 trillion, according to the Finance Ministry adviser, who said earlier claims of a […]
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Government resists IMF proposal for GST increase as officials weigh revenue measures ahead of federal budget Pakistan is unlikely to raise the General Sales Tax (GST) rate in the federal budget for 2026-27 despite a proposal from the International Monetary Fund (IMF), as authorities remain concerned about the inflationary impact of higher indirect taxes amid […]
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Revenue shortfall nears Rs868 billion as tax authorities intensify enforcement efforts before fiscal year-end. Taxpayers are likely to face heightened scrutiny in June as the Federal Board of Revenue (FBR) prepares an aggressive enforcement drive to maximize revenue collection and reduce a substantial shortfall before the close of fiscal year 2025-26.
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National Assembly and Senate sessions summoned as government prepares to unveil Budget 2026-27. The federal government is set to present the Budget 2026-27 on June 5 after Asif Ali Zardari summoned separate sessions of the National Assembly and Senate on the same day.
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In a significant relief for the public, the federal government on Friday announced a sharp reduction in petroleum prices, cutting both petrol and high-speed diesel (HSD) rates by Rs22 per litre across the country. With the latest revision, the new price of petrol has been fixed at Rs381.78 per litre, while high-speed diesel will now […]
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IMF asks Pakistan’s tax authority to provide comprehensive information on refund arrears to improve transparency and ease business liquidity pressures. The International Monetary Fund has asked the Federal Board of Revenue to provide detailed information on pending tax refund claims as part of ongoing efforts to address liquidity pressures faced by businesses in Pakistan.
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