President Asif Ali Zardari and Prime Minister Shehbaz Sharif convened a high-level meeting on Sunday at the Governor’s House in Lahore, where the focus remained firmly on ensuring meaningful relief for the common man in the upcoming budget for the fiscal year 2025–26.
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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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FBR records 168% growth in CGT collection amid PSX boom
Karachi, June 1, 2025 – The Federal Board of Revenue (FBR) has reported an exceptional 168% surge in Capital Gain Tax (CGT) collection from the disposal of securities during the first 10 months (July–April) of the fiscal year 2024–25.
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IMF presses FBR to offset salaried class tax relief in FY26 budget
The International Monetary Fund (IMF) has asked the Federal Board of Revenue (FBR) to submit alternate taxation proposals if the government proceeds with its planned tax relief for the salaried class in the upcoming federal budget for 2025–26.
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Only IMF-approved 2025-26 budget to be presented by Pakistan
Islamabad, May 31, 2025 – Pakistan is set to present its national budget for the fiscal year 2025-26 on June 10, 2025 in strict accordance with the conditions agreed upon with the International Monetary Fund (IMF). This move comes as part of the commitments under the Extended Fund Facility (EFF), which aims to stabilize the country’s economy and ensure long-term fiscal discipline.
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FBR sees 19% growth in May tax collection but falls short of target
Karachi, May 31, 2025 – The Federal Board of Revenue (FBR) recorded a notable 19% year-on-year increase in tax collection for May 2025, though it fell short of meeting its monthly target, according to a report by Arif Habib Limited.
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Pakistan to eliminate ‘non-filer’ status in budget 2025-26
In a landmark shift in its taxation policy, Pakistan is preparing to eliminate the term ‘non-filer’ from its tax laws — a move set to be officially introduced in the upcoming Budget 2025-26.
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SBP reiterates caution on cryptocurrency amid regulatory vacuum
Karachi, May 30, 2025 – The State Bank of Pakistan (SBP) has issued a comprehensive clarification regarding the legal status of cryptocurrency in the country, reiterating its earlier stance on the issue.
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FBR reshuffles top taxpayers to trace foreign assets
Karachi, May 30, 2025 – In a bold and strategic move, the Federal Board of Revenue (FBR) has unleashed a sweeping reshuffle, transferring 21 high-profile taxpayers to intensify monitoring of their offshore assets.
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FBR considers ending major sales tax exemption in FY26 budget
ISLAMABAD: The Federal Board of Revenue (FBR) is actively reviewing proposals to withdraw sales tax exemptions on various sectors, including solar panel imports, as part of its broader tax reforms in the upcoming budget 2025-26.
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Pakistan, IMF deliberate FY26 budget measures to raise revenues
The government of Pakistan has entered into critical discussions with the International Monetary Fund (IMF) regarding fiscal reforms to be incorporated in the upcoming federal budget for FY2025-26, with a central focus on bolstering tax collection and reducing the widening fiscal deficit.
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