Karachi, February 2, 2026 — Gold prices in Pakistan continued their sharp downward trajectory on Monday, recording one of the steepest short-term declines in recent history. The price of 24-karat gold fell by a further Rs21,500 per tola to settle at Rs490,362 in the domestic bullion market, alarming investors and traders alike.
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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 to participate in T20 World Cup 2026, will boycott India match
Lahore, February 1, 2026 — The Government of Pakistan has granted conditional approval for the national cricket team to participate in the ICC T20 World Cup 2026. The announcement followed a high-level meeting between Prime Minister Shehbaz Sharif and Pakistan Cricket Board (PCB) Chairman Mohsin Naqvi.
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Pakistan whitewash Australia in T20I series with emphatic Lahore win
Lahore, February 1, 2026 — Pakistan completed a historic whitewash of Australia in the three-match T20I series with a commanding 111-run victory in the third and final match at Gaddafi Stadium on Sunday, sealing the series 3-0 in dominant fashion.
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Pakistan raises diesel price by Rs11.30 per liter, petrol price unchanged
Islamabad, January 31, 2026 — The federal government on Saturday announced an increase in the price of high-speed diesel (HSD) while keeping petrol prices unchanged for the first fortnight of February 2026. The revised prices will come into effect from February 1, according to a notification issued by the Petroleum Division.
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FBR reports Rs7.18 trillion tax collection in first seven months of FY26
Islamabad, January 31, 2026 — The Federal Board of Revenue (FBR) on Saturday announced that tax collection reached Rs7.18 trillion during the first seven months (July–January) of the ongoing fiscal year 2025-26, reflecting a strong growth trajectory supported by reform-driven measures.
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KSE-100 index falls 2.6% amid sluggish trading – Week ending Jan 30, 2026
Karachi, January 31, 2026 – The Pakistan Stock Exchange (PSX) experienced a quiet trading week as the benchmark KSE-100 Index declined by 4,993 points, or 2.6%, closing at 184,174 for the week ended January 30, 2026. Market activity remained sluggish, reflecting cautious investor sentiment amid geopolitical tensions, mixed corporate earnings, and a stable policy rate.
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Pakistan gold suffers second biggest drop, falls to Rs511,862 per tola
Karachi, January 31, 2026 – Gold prices in Pakistan continued their sharp downward trend on Saturday, registering the second biggest single-day fall within just two days, as the price of 24-karat gold plunged by Rs25,500 per tola to settle at Rs511,862 in the domestic bullion market.
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PM Shehbaz announces major relief package for industries and exports, cuts electricity tariff
Islamabad, January 30, 2026 – Prime Minister Muhammad Shehbaz Sharif on Friday unveiled a comprehensive relief package aimed at boosting Pakistan’s industrial and export sectors. The measures include a significant reduction in electricity tariffs by Rs 4.04 per unit for industries, lowering of wheeling charges to under Rs 9, and a substantial cut in the export refinance scheme rate from 7.5% to 4.5%. Additionally, top exporters will be granted “blue passports” for two years to facilitate export-led growth.
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Pakistan gold market shattered as prices crash Rs35,500 in one day
Karachi, January 30, 2026 — After an unprecedented bull run that pushed bullion to record-breaking highs, Pakistan’s gold market witnessed a dramatic reversal on Friday as prices nosedived in the largest single-day crash ever recorded. Gold prices fell sharply by a staggering Rs35,500 per tola, sending shockwaves across local bullion markets and leaving investors stunned.
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FBR’s limiting refund adjustment amount declared unlawful by FTO
Islamabad, January 30, 2026 — The Federal Tax Ombudsman (FTO) has ruled that the Federal Board of Revenue’s (FBR) practice of limiting the adjustment of income tax refunds against a taxpayer’s liability is unlawful and amounts to maladministration
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