Pakistan Revenue
Top stories featuring the most important and trending news updates from politics, business, world affairs, and breaking events across various sectors.
Pakistan has witnessed another devastating fuel price hike after the federal government sharply increased petrol and diesel prices by nearly Rs15 per litre, pushing both products above the alarming Rs414 mark for the first time.
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Islamabad, May 8, 2026 – High fuel prices pushed Pakistan’s weekly inflation above 15% on a year-on-year basis, according to the latest data released by the Pakistan Bureau of Statistics on Friday.
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ISLAMABAD, May 7, 2026 — Pakistan’s Federal Constitutional Court on Thursday declared the tax on deemed property income unlawful, dismissing appeals filed by the Federal Board of Revenue (FBR) and striking down Section 7E of the Income Tax Ordinance, 2001.
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ISLAMABAD, May 6, 2026 — Prime Minister Shehbaz Sharif on Wednesday said Pakistan has emerged as a key force for peace and stability in the region, crediting its diplomatic efforts for facilitating unprecedented engagement between Iran and the United States.
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WASHINGTON/ISLAMABAD, May 6, 2026 — The United States has announced the phased closure of its Consulate General in Peshawar, citing security concerns and efforts to improve resource management, the U.S. State Department said on Tuesday.
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ISLAMABAD, May 6, 2026 — Pakistan and the United States discussed ways to enhance bilateral trade and advance ongoing negotiations during a virtual meeting between Jam Kamal Khan and Rick Switzer, officials said on Wednesday.
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KARACHI, May 5, 2026 – Governor Jameel Ahmad said the State Bank of Pakistan (SBP) is fully prepared to take necessary measures to safeguard financial stability amid risks arising from the ongoing Middle East conflict.
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ISLAMABAD, May 6, 2026 – Prime Minister Shehbaz Sharif has directed strict action against power distribution companies over regulatory violations, while emphasizing accelerated reforms in Pakistan’s energy sector.
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ISLAMABAD, May 4, 2026 – Deputy Prime Minister (DPM) and Foreign Minister Senator Ishaq Dar on Monday chaired a high-level meeting of the Committee on Security Assessment of Oil Refineries and oil storage facilities across the country.
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ISLAMABAD, May 4, 2026 – The Federal Board of Revenue (FBR) has announced a waiver of penalties and default surcharge on tax liabilities amounting to Rs8.77 billion payable by Pakistan International Airlines (PIA).
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