Islamabad, October 13, 2025 – Prime Minister Muhammad Shehbaz Sharif has imposed a minor penalty on Amjad Farooq, a BS-20 officer of the Inland Revenue Service (IRS), currently serving as Chief (Admin Pool) at the Federal Board of Revenue (FBR) Headquarters, Islamabad.
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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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FBR collects Rs422bn income tax on imports in FY25
Karachi, October 12, 2025 – The Federal Board of Revenue (FBR) has reported a substantial increase in withholding income tax collection on imports, reaching Rs422.42 billion during fiscal year 2024–25. This marks an impressive growth of 11.36 percent compared with Rs379 billion collected in the previous fiscal year.
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FBR confirms October 15 as final deadline for return filing
Islamabad, October 12, 2025 – The Federal Board of Revenue (FBR) has reaffirmed that the deadline for filing the annual income tax return for the tax year 2025 will end on October 15, urging taxpayers to complete their return filing process on time.
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Aurangzeb departs for IMF, World Bank annual meetings
Islamabad, October 11, 2025 – Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, has departed for the United States to attend the annual meetings of the International Monetary Fund (IMF) and the World Bank.
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Less than half of trillion dollar economy is documented: Aurangzeb
Islamabad, October 10, 2025 — Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, revealed on Friday that Pakistan’s actual economic size may be close to one trillion dollars, but less than half of it is formally documented.
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NEPRA fines K-Electric Rs25m for delay in power restoration
Islamabad, October 9, 2025 – The National Electric Power Regulatory Authority (NEPRA) has imposed a penalty of Rs25 million on K-Electric for its failure to promptly restore electricity following the nationwide power breakdown on January 23, 2023, which left the country in darkness for nearly 20 hours.
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Withholding tax on electricity generates Rs146b for FBR in FY25
Islamabad, October 9, 2025 – The Federal Board of Revenue (FBR) has reported a significant rise in revenue from withholding tax on electricity, collecting Rs146 billion during fiscal year 2024–25.
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Pakistan, Saudi Arabia sign landmark MoU on asset recovery
Jeddah, October 9, 2025 – In a significant step toward enhancing regional transparency and accountability, Pakistan and the Kingdom of Saudi Arabia have signed a landmark memorandum of understanding (MoU) to strengthen cooperation in combating corruption, money laundering, and the recovery of stolen assets.
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KSE-100 index falls 4th day as PSX faces unseen fears
Karachi, October 9, 2025 – The Pakistan Stock Exchange (PSX) faced another day of turbulence as the benchmark KSE-100 index extended losses for the fourth straight session on Thursday. Investors remain on edge amid rising uncertainties, sending shockwaves across the market.
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IMF expresses sympathy for Pakistan’s floods victims
Islamabad, October 9, 2025 – The International Monetary Fund (IMF) has expressed deep sympathy for the victims of the devastating floods that recently struck parts of Pakistan, causing widespread damage and displacement.
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