International Monetary Fund has urged Pakistan to maintain strong macroeconomic policies and accelerate reforms to withstand economic shocks arising from the ongoing conflict in the Middle East.
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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 Drops Petrol Bomb: Fuel Prices Soar Above Rs414 Per Litre
Pakistan has witnessed another devastating fuel price hike after the federal government sharply increased petrol and diesel prices by nearly Rs15 per litre, pushing both products above the alarming Rs414 mark for the first time.
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High Fuel Prices Push Weekly Inflation Above 15% in Pakistan
Islamabad, May 8, 2026 – High fuel prices pushed Pakistan’s weekly inflation above 15% on a year-on-year basis, according to the latest data released by the Pakistan Bureau of Statistics on Friday.
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Pakistan apex court strikes down tax on deemed property income
ISLAMABAD, May 7, 2026 — Pakistan’s Federal Constitutional Court on Thursday declared the tax on deemed property income unlawful, dismissing appeals filed by the Federal Board of Revenue (FBR) and striking down Section 7E of the Income Tax Ordinance, 2001.
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Shehbaz Sharif says Pakistan key force in Iran-US diplomatic engagement
ISLAMABAD, May 6, 2026 — Prime Minister Shehbaz Sharif on Wednesday said Pakistan has emerged as a key force for peace and stability in the region, crediting its diplomatic efforts for facilitating unprecedented engagement between Iran and the United States.
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US closes Peshawar consulate, moves responsibilities to Islamabad embassy
WASHINGTON/ISLAMABAD, May 6, 2026 — The United States has announced the phased closure of its Consulate General in Peshawar, citing security concerns and efforts to improve resource management, the U.S. State Department said on Tuesday.
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Pakistan, US discuss boosting trade ties in virtual meeting
ISLAMABAD, May 6, 2026 — Pakistan and the United States discussed ways to enhance bilateral trade and advance ongoing negotiations during a virtual meeting between Jam Kamal Khan and Rick Switzer, officials said on Wednesday.
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SBP Ready to Take Measures to Address Risks Amid Middle East Conflict
KARACHI, May 5, 2026 – Governor Jameel Ahmad said the State Bank of Pakistan (SBP) is fully prepared to take necessary measures to safeguard financial stability amid risks arising from the ongoing Middle East conflict.
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Shehbaz orders strict action against power firms, pushes renewable reforms
ISLAMABAD, May 6, 2026 – Prime Minister Shehbaz Sharif has directed strict action against power distribution companies over regulatory violations, while emphasizing accelerated reforms in Pakistan’s energy sector.
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DPM Reviews Security of Oil Refineries and Storage Facilities
ISLAMABAD, May 4, 2026 – Deputy Prime Minister (DPM) and Foreign Minister Senator Ishaq Dar on Monday chaired a high-level meeting of the Committee on Security Assessment of Oil Refineries and oil storage facilities across the country.
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