Islamabad, August 7, 2025 – The Federal Board of Revenue (FBR) on Thursday issued procedure for initiating tax fraud investigation under Section 37A of the Sales Tax Act, 1990.
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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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Pakistan’s trade deficit widens by 44% in July 2025
ISLAMABAD, August 6, 2025 – Pakistan recorded a sharp increase in its trade deficit in July 2025, driven largely by a substantial rise in import payments.
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PM Shehbaz orders red tape removal to accelerate FBR reforms
Islamabad, August 5, 2025 – Prime Minister Muhammad Shehbaz Sharif on Tuesday directed the immediate removal of red tape and institutional hurdles to ensure the permanent and effective implementation of wide-ranging reforms within the Federal Board of Revenue (FBR).
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Pakistan posts 9-year low fiscal deficit in FY25
Karachi, August 5, 2025 – In a significant fiscal milestone, Pakistan has posted its lowest fiscal deficit in nine years, clocking in at 5.38% of GDP during the fiscal year 2024-25 (FY25).
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PSX shatters records, crosses 142K milestone for first time
Karachi, August 4, 2025 – The Pakistan Stock Exchange (PSX) has made history by crossing the monumental milestone of 142,000 points for the first time ever, marking a new era of bullish momentum in the country’s capital market.
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Pakistan and Iran vow to expand trade, border cooperation
Islamabad, August 3, 2025 – In a renewed effort to foster regional connectivity and mutual prosperity, Pakistan and Iran have reaffirmed their commitment to deepen bilateral trade and enhance border cooperation.
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FBR confirms tax amnesty for ineligible persons
Islamabad, August 3, 2025 – The Federal Board of Revenue (FBR) has officially clarified that ineligible individuals may now benefit from a form of tax amnesty, allowing them to enter the documented economy without fear of questioning about the origins of their declared resources.
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FBR treats cash deposit as banking channel payment
Islamabad, August 3, 2025 – The Federal Board of Revenue (FBR) has clarified that bank cash deposits made by buyers into the seller’s bank account will be treated as valid payments through the banking channel under the Income Tax Ordinance, 2001.
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FBR creates panels for section 37A, 40B oversight
Islamabad, August 1, 2025 — The Federal Board of Revenue (FBR) has constituted two high-level committees to ensure accountability, fairness, and transparency in actions taken by tax officials under Section 37A and Section 40B of the Sales Tax Act, 1990.
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KSE-100 index hits historic high on U.S. tariff relief
Karachi, August 1, 2025 – The Pakistan Stock Exchange (PSX) witnessed a historic day on Friday as the KSE-100 index surged past the 141,000-point mark for the first time ever.
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