As Pakistan commemorated the 27th anniversary of Youm-e-Takbeer on Wednesday, Prime Minister Shehbaz Sharif reaffirmed the nation’s unwavering commitment to safeguarding sovereignty and transforming Pakistan into an economic powerhouse.
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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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Car buying bonanza delivers 144% tax collection boost in 10MFY25
KARACHI, May 27, 2025 — The tax authorities in Karachi have reported a stunning 144% increase in tax collection from new car purchases during the first ten months (July–April) of fiscal year 2024–25, driven by a sharp rise in the sale of high-end vehicles across Pakistan.
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Aurangzeb slashes tax return fields for salaried class
Karachi, May 26, 2025 — Finance Minister Muhammad Aurangzeb has announced major relief for Pakistan’s salaried class by introducing a much simpler income tax return process.
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April profit tax crashes 37% despite record-breaking bank deposits
Karachi, May 25, 2025 – In a surprising twist that’s left tax experts baffled, income tax collection from profit on bank deposits plunged by a staggering 37% in April 2025, compared to the same month last year—even as bank deposits soared to historic highs, crossing the Rs32 trillion mark for the first time in Pakistan’s financial history.
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IMF wraps up Pakistan visit, focuses on FY26 budget and reforms
ISLAMABAD, May 24, 2025 — The International Monetary Fund (IMF) has concluded a critical staff visit to Pakistan, centered around the formulation of the upcoming FY2026 budget and evaluation of ongoing economic reforms.
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April import tax collection from big firms surges 22%: FBR
Karachi, May 24, 2025 — In a stunning display of economic momentum, the Federal Board of Revenue (FBR) has revealed a sensational 22% spike in import tax collection from Pakistan’s major corporate giants for April 2025. This meteoric rise signals a dramatic turnaround in fiscal performance, highlighting a renewed surge in industrial appetite and economic activity.
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FBR rakes in Rs30 billion from Karachi electricity consumers
Karachi, May 23, 2025 – In a massive revenue windfall, the Federal Board of Revenue (FBR) has collected a staggering Rs30 billion in withholding tax from electricity consumers in Karachi during the first ten months (July–April) of the current fiscal year 2024–25.
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Budget 2025-26: FBR rejects final tax regime revival for exporters
Islamabad, May 23, 2025 – In a stunning blow to the country’s vital export sector, the Federal Board of Revenue (FBR) has flatly denied any plans to reinstate the Final Tax Regime (FTR) for exporters in the upcoming Budget 2025-26.
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FBR orders Saturday overtime to supercharge tax collection drive
Islamabad, May 22, 2025 — In a bold and urgent move to ramp up tax revenue, the Federal Board of Revenue (FBR) has sounded the alarm and issued fresh directives to its nationwide tax offices, calling for extended enforcement operations and late-night sittings on Saturday, May 31, 2025—a clear sign of intensifying efforts to meet its ambitious collection goals.
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Sindh notifies super tax rates on agricultural income
Karachi, May 22, 2025 – The Government of Sindh has officially notified the implementation of super tax rates on agricultural income, following the enactment of the Sindh Agricultural Income Tax Act, 2025.
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