ISLAMABAD, May 4, 2026 – The Federal Board of Revenue (FBR) has announced a waiver of penalties and default surcharge on tax liabilities amounting to Rs8.77 billion payable by Pakistan International Airlines (PIA).
(more…)Category: Top stories
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.
-
Pakistan Trade Deficit Surges to $32 Billion in 10MFY26
ISLAMABAD, May 4, 2026 – Pakistan’s trade deficit expanded sharply to $32 billion during the first ten months (July to April) of fiscal year 2025-26, highlighting growing pressure on the country’s external account.
(more…) -
Pakistan Oil Sales Plummet in April 2026 Amid Rising Petroleum Prices
KARACHI: Pakistan’s oil sales declined sharply in April 2026 as rising petroleum prices dampened demand, according to data released by industry analysts.
(more…) -
PM Shehbaz Sharif orders comprehensive strategy to stabilise electricity tariffs
ISLAMABAD – In a high-level move to address the nation’s energy concerns, Prime Minister Muhammad Shehbaz Sharif has directed relevant authorities to formulate a robust strategy aimed at stabilising electricity tariffs across the country.
(more…) -
Pakistan inflation rises 50bps with every $10 oil price increase, report says
KARACHI, May 2, 2026– Pakistan inflation could rise by 50 basis points for every $10 per barrel increase in global oil prices, intensifying economic pressures amid ongoing geopolitical tensions, according to a report by Topline Securities Limited.
(more…) -
Pakistan inflation surges near 11% in April, above government estimates
ISLAMABAD, May 1, 2026 – Pakistan’s headline inflation accelerated to nearly 11% in April, exceeding official projections, as rising prices and supply constraints pushed up the cost of living, data from the Pakistan Bureau of Statistics showed on Friday.
(more…) -
IMF asks Pakistan to continue reforms implementation amid Middle East crisis
ISLAMABAD, May 1, 2026 – The International Monetary Fund has urged Pakistan to press ahead with economic reforms to maintain stability as rising tensions in the Middle East create uncertainty across regional and global markets.
(more…) -
FBR braces for historic tax shortfall in FY2025-26
Islamabad, May 1, 2026: The Federal Board of Revenue (FBR) is heading toward a historic shortfall in tax collection for the fiscal year 2025-26 after missing its revenue targets during the first ten months (July–April).
(more…) -
Pakistan hikes petrol and diesel prices to Rs400 per litre from May 1
ISLAMABAD, April 30, 2026: The government of Pakistan has increased petrol and diesel prices to nearly Rs400 per litre, with the revised rates taking effect from May 1, 2026, according to an official notification issued on Thursday.
(more…) -
Shehbaz Sharif Launches Rs3.2 Trillion Apna Ghar Housing Program
Islamabad, April 30, 2026 — Shehbaz Sharif on Thursday launched a landmark five-year Rs3.2 trillion “Apna Ghar Program”, aimed at constructing 500,000 affordable homes across Pakistan for low-income citizens.
(more…)