Karachi, May 4, 2025 – The Utility Stores Corporation (USC) is teetering on the brink of closure following the government’s sudden termination of thousands of contractual employees.
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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 begins swift tax recovery from bank accounts under new law
Islamabad, May 4, 2025 – The Federal Board of Revenue (FBR) has officially begun immediate recovery of outstanding taxes directly from taxpayers’ bank accounts, following the promulgation of the Tax Laws (Amendment) Ordinance, 2025.
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Non-filers lose access to property market in Pakistan
Islamabad, May 3, 2025 – In a major crackdown on tax evasion, the federal government is preparing to enforce a complete ban on property transactions by non-filers of income tax returns.
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Pakistan urges Saudi Arabia to help de-escalate regional tensions
Islamabad, May 2, 2025 — Prime Minister Shehbaz Sharif on Friday urged Saudi Arabia and other friendly nations to play a constructive role in encouraging India to de-escalate tensions in South Asia. The prime minister reaffirmed Pakistan’s commitment to regional peace and stability during a high-level meeting with Saudi Arabia’s ambassador to Pakistan, Nawaf bin Saeed Al-Maliky, at the Prime Minister’s House.
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Pakistan’s April headline inflation falls to record low of 0.3%
Islamabad, May 2, 2025 – Pakistan’s headline inflation hit a multi-year low in April 2025, reflecting a significant deceleration in consumer prices.
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FBR plans major tax relief for salaried class in budget 2025-26
Islamabad, May 1, 2025 – The Federal Board of Revenue (FBR) is working on a plan to provide significant tax relief to the salaried class in the upcoming federal budget for 2025-26.
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Govt slashes petrol, diesel prices by Rs2 per liter for May 2025
ISLAMABAD – April 30, 2025: The federal government has announced a reduction in petrol and diesel prices by Rs2 per liter, effective from May 1, 2025.
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SBP questions FBR performance as sales tax ATL shrinks
Karachi, April 30, 2025 – The State Bank of Pakistan (SBP) has expressed concern over the performance of the Federal Board of Revenue (FBR), particularly in relation to the declining number of sales tax filers on the Active Taxpayers List (ATL).
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FBR sets cement sales tax value based on SPI data
Islamabad, April 29, 2025 – In a major policy development, the Federal Board of Revenue (FBR) has officially announced a new method for determining the value of cement for the purpose of sales tax calculation, aligning it with the Sensitive Price Indicator (SPI) data issued by the Pakistan Bureau of Statistics (PBS).
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FBR engages industry experts, third-party auditors to train officers
Islamabad, April 29, 2025 – In a significant move under its transformation initiative, the Federal Board of Revenue (FBR) has rolled out a comprehensive plan to enhance the capacity of its audit workforce. As part of this strategy, the FBR has officially released job descriptions for third-party auditors and industry experts who will serve as mentors and trainers for FBR officers.
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