Karachi, November 10, 2025 – The Federal Board of Revenue (FBR) has ignited a storm in the tax community by issuing SRO 2107(I)/2025, officially ending manual filing of income tax returns for the current year.
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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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ECC approves Rs660 billion guarantee for circular debt financing
Islamabad, November 7, 2025 – The Economic Coordination Committee (ECC) of the Cabinet on Friday approved a government guarantee worth Rs659.6 billion to facilitate circular debt financing of Rs1.225 trillion in the power sector.
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Pakistan seeks to strengthen trade and economic ties with Iran: PM Shehbaz
Islamabad, November 7, 2025 – Prime Minister Shehbaz Sharif reaffirmed Pakistan’s strong desire to enhance trade and economic cooperation with the Islamic Republic of Iran, emphasizing that both nations share deep-rooted cultural, religious, and historical ties.
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Petroleum Levy Continues to Squeeze Citizens Under Five-Year IMF-Backed Plan
Islamabad, November 7, 2025 — Pakistanis are bracing for yet another financial hit as the federal government plans a sharp increase in the petroleum levy over the next five years — a move designed to meet IMF-backed revenue targets but likely to further strain consumers already battling inflation.
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Jackpot for FBR: Law Changes Drive 23% Surge in Export Tax Collection
Islamabad, November 6, 2025 — It’s a jackpot moment for the Federal Board of Revenue (FBR)! Thanks to recent tax law changes, the authority has recorded a remarkable 23% jump in withholding tax collection from exports during the fiscal year 2024–25, signaling stronger revenue performance and improved compliance.
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Pakistan issues customs rules for barter trade with Russia, Iran, and Afghanistan
Karachi, November 5, 2025 – The Government of Pakistan has officially notified the customs clearance procedure for barter trade with Russia, Iran, and Afghanistan, marking a significant development in the country’s regional trade framework.
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Pakistan expected to receive $1.2 billion IMF tranche in early December: Aurangzeb
Karachi, November 5, 2025 – Finance Minister Muhammad Aurangzeb announced on Wednesday that Pakistan is likely to secure the next $1.2 billion tranche from the International Monetary Fund (IMF) by early December, marking another step forward in stabilizing the country’s economic outlook.
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SBP slaps Rs1.5 billion penalty on NBP over counterfeit bank notes
Karachi, November 5, 2025 – In a major regulatory move, the State Bank of Pakistan (SBP) has imposed hefty penalties totaling nearly Rs1.5 billion on the National Bank of Pakistan (NBP) following the detection of counterfeit banknotes in its operations.
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FBR drops bombshell on retailers with new supply chain monitoring law
Islamabad, November 4, 2025 – In a major crackdown move, the Federal Board of Revenue (FBR) has unleashed a sweeping new rule to bring thousands of retailers under digital supply chain surveillance, tightening the noose on tax evasion and undocumented trade.
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FBR allows taxpayers to file 2025 returns till November 15
Islamabad, November 4, 2025 – The Federal Board of Revenue (FBR) has officially announced that taxpayers who missed the October 31 deadline can now file their income tax returns for Tax Year 2025 until November 15, 2025.
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