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Category: Top stories

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.

Income Tax Return FBR

Pakistan tax return compliance hits record high, FBR data shows

April 19, 2026April 19, 2026Shahnawaz Akhter

ISLAMABAD, April 19 — Tax return filing compliance in Pakistan has reached a record high in fiscal year 2024-25, driven by enforcement measures, legal reforms and increased taxpayer awareness, according to official data.

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Pakistan UAE

Pakistan repays $2 billion UAE deposit amid external financing pressures

April 18, 2026April 18, 2026Shahnawaz Akhter

Karachi, April 18, 2026 – Pakistan has repaid $2 billion in deposits to the United Arab Emirates (UAE), the State Bank of Pakistan (SBP) said on Saturday, as the country continues to meet its external debt obligations while managing pressure on foreign exchange reserves.

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SBP governor Jameel Ahmad

Governor SBP tells investors Pakistan macro outlook improving despite risks

April 18, 2026April 18, 2026Mrs. Anjum Shahnawaz

Washington, April 18, 2026 – The Governor of the State Bank of Pakistan (SBP), Jameel Ahmad, has said said Pakistan’s key macroeconomic indicators have improved faster than expected this fiscal year, while acknowledging that renewed geopolitical tensions in the Middle East pose fresh risks to the outlook.

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oil import pakistan

Oil prices tumble around 10-12% after Iran reopens Strait of Hormuz

April 18, 2026April 18, 2026Mrs. Anjum Shahnawaz

Oil prices plunged on Friday after Iran declared the Strait of Hormuz “completely open” for shipping during a ceasefire with Israel and Lebanon, easing fears of prolonged supply disruptions from one of the world’s most critical energy chokepoints.

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Finance Minister Aurangzeb

Aurangzeb says Pakistan’s economy showing stabilisation, investor confidence rising

April 18, 2026April 18, 2026Mrs. Anjum Shahnawaz

Finance Minister Muhammad Aurangzeb on Friday outlined an improving economic outlook and ongoing reform agenda, saying recent policy measures have helped restore investor confidence and reopen access to international capital markets.

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petrol shortage

Pakistan cuts diesel prices soon after Hormuz reopening

April 17, 2026April 17, 2026Mrs. Anjum Shahnawaz

ISLAMABAD, April 17, 2026 — Pakistan reduced diesel prices on Friday following a sharp drop in global oil markets after Iran announced the reopening of the Strait of Hormuz, a key global energy shipping route, officials said.

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Pakistan Iran

Pakistan urges safe passage in Hormuz, backs diplomacy to end conflict

April 17, 2026April 17, 2026Mrs. Anjum Shahnawaz

UNITED NATIONS, April 17, 2026 — Pakistan called on the international community to ensure the security of ships and crew in the Strait of Hormuz and restore normal maritime traffic, warning that ongoing disruptions are inflicting widespread economic damage beyond the Middle East.

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textile manufacturing

Pakistan textile exports fall 7% in March amid Hormuz disruption

April 17, 2026April 17, 2026Mrs. Anjum Shahnawaz

ISLAMABAD, April 16, 2026 — Pakistan’s textile exports declined 7% year-on-year in March 2026, hit by shipping disruptions following the closure of the Strait of Hormuz amid escalating tensions in the Middle East, official data showed on Thursday.

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FBR Pakistan Karachi

FBR probe exposes large-scale corruption in Pakistan Customs

April 16, 2026April 16, 2026Shahnawaz Akhter

Karachi, April 16, 2026 — A sweeping investigation by the Federal Board of Revenue (FBR) has uncovered large-scale corruption within Pakistan Customs, resulting in strict disciplinary action against multiple officials, according to official notifications issued on Thursday.

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Pakistan posts $1.07 billion current account surplus in March 2026

April 16, 2026April 16, 2026Faisal Shahnawaz

KARACHI, April 16, 2026 — Pakistan recorded a current account surplus of $1.07 billion in March 2026, according to balance of payments data released by the State Bank of Pakistan (SBP) on Thursday, reflecting an improvement from the previous month despite ongoing regional tensions.

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