Islamabad, June 27, 2025 – In a move to rejuvenate Pakistan’s struggling industrial sector, Prime Minister Shehbaz Sharif has formed a high-powered committee to develop a comprehensive strategy for the revival of industrial growth.
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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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KSE-100 index hits record high of 124,379 points
Karachi, June 27, 2025 — The Pakistan Stock Exchange (PSX) witnessed a historic rally on Friday as the benchmark KSE-100 index surged to an all-time high of 124,379 points, driven by strong investor confidence following the successful passage of the Finance Bill, 2025, in the National Assembly.
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No arrest without final tax inquiry: FBR reined in after public uproar
ISLAMABAD – The Federal Board of Revenue (FBR) has been forcefully restrained from making any arrest in tax fraud cases unless a formal inquiry is completed—marking a major policy shift sparked by fierce public backlash.
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Pakistan’s weekly forex reserves fall $2.61 billion before fiscal close
Karachi, June 26, 2025 — Pakistan’s foreign exchange (forex) reserves have witnessed a dramatic plunge of $2.61 billion in just one week, raising fresh concerns over the country’s external financial stability ahead of the fiscal year-end.
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National Assembly passes Rs17.57tr FY26 budget, effective July 1
Islamabad, June 26, 2025 — In a significant fiscal development, the National Assembly on Thursday approved the much-anticipated Budget 2025-26, with a total outlay of Rs17.57 trillion. The federal budget, which takes effect from July 1, was passed after intense deliberations and a clause-by-clause reading in the lower house of Parliament.
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Supplying goods without tax invoice to be treated as tax fraud
Karachi, June 26, 2025 – In a bold and sweeping move aimed at clamping down on tax evasion, the federal government has proposed a major amendment to the Finance Bill 2025, redefining the scope of tax fraud to include any supply of goods made without the issuance of a valid tax invoice.
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Bank accounts of unregistered sales tax evaders face suspension
Islamabad, June 26, 2025 – In a bold and unprecedented move, the government has armed the Federal Board of Revenue (FBR) with new powers to crack down on unregistered sales tax evaders, targeting their bank accounts under the amended Finance Bill 2025-26.
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PM Shehbaz orders tax relief on agricultural machinery
Islamabad, June 25, 2025 — Prime Minister Shehbaz Sharif has directed authorities to reduce taxation on agricultural machinery and tools, in a significant move aimed at energizing Pakistan’s agriculture sector.
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Pakistan witnesses 55% annual surge in voluntary tax payment
Karachi, June 25, 2025 — In a seismic shift for Pakistan’s tax culture, voluntary tax payment has exploded by a staggering 55%, signaling a dramatic rise in public trust, financial awareness, and patriotic commitment to national development. This surge isn’t just a number—it marks a powerful move towards a more self-sustaining and transparent economy.
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PSX soars 5.23% as Iran-Israel ceasefire sparks market rally
Karachi, June 24, 2025 – The Pakistan Stock Exchange (PSX) witnessed a powerful rebound on Tuesday, surging 5.23% following the announcement of a ceasefire agreement between Iran and Israel.
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