Islamabad, August 17, 2025 – Prime Minister Muhammad Shehbaz Sharif was briefed on Sunday that in the near future, all payments across Pakistan will be routed through digital identities, marking a major step toward the country’s transition to a modern cashless economy.
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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.
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SBP Tells Banks: Terminate Clients on GD Suspicion
Karachi, August 17, 2025 – The State Bank of Pakistan (SBP) has instructed banks to adopt stricter compliance procedures under the Anti-Money Laundering (AML) Act 2010, including the option of terminating customer relationships in cases of repeated suspicious activity.
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Flash floods devastate northern Pakistan, over 340 dead
Islamabad, August 16, 2025 – Northern Pakistan is reeling from the devastation of powerful flash floods triggered by the seventh spell of the monsoon season.
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SBP mandates H.S. Codes in all trade-linked transactions
Karachi, August 16, 2025 – The State Bank of Pakistan (SBP) has introduced stricter regulatory measures for the issuance of financial instruments (FIs) in connection with trade transactions, making it mandatory to include Harmonized System (H.S.) Codes and Unit of Measurement (UoM) details.
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Pakistan, Japan discuss auto industry growth plans
Tokyo, August 15, 2025 – Senior officials from Islamabad and Tokyo have engaged in high-level talks aimed at strengthening Pakistan’s Auto Industry Development Policy, focusing on a strategic shift from punitive to incentive-driven measures to attract investment and promote sustainable growth.
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FBR gears up for mega tax audit drive in textile sector
Karachi, August 15, 2025 – If you’re part of Pakistan’s textile industry, it’s time to pay close attention. The Federal Board of Revenue (FBR) is preparing to roll out a massive audit exercise targeting the textile sector and its various sub-sectors nationwide.
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SBP targets overpriced trade transactions in major move
Karachi, August 14, 2025 – The State Bank of Pakistan (SBP) has instructed all commercial banks to strengthen oversight on prices declared in trade transactions, introducing detailed due diligence measures aimed at combating Trade-Based Money Laundering (TBML) and Terrorist Financing.
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SBP orders banks to implement stricter CDD for traders
KARACHI, August 14, 2025 – The State Bank of Pakistan (SBP) has issued a detailed directive requiring banks to enhance their customer due diligence (CDD) processes for all clients engaged in trade-related activities.
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ECC approves development of industrial estate on PSM land
Islamabad, August 13, 2025 – The Economic Coordination Committee (ECC) of the Cabinet on Wednesday gave the go-ahead for establishing a major industrial estate on the land of Pakistan Steel Mills (PSM) in Karachi, marking a significant step towards revitalizing industrial growth in the region.
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MPR forecasts FY26 GDP growth between 3.25% and 4.25%
Karachi, August 13, 2025 – The State Bank of Pakistan (SBP), in its flagship Monetary Policy Report (MPR), has projected Pakistan’s real GDP growth to range between 3.25% and 4.25% in the fiscal year 2025-26.
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