Islamabad, July 26, 2025 – The Federal Board of Revenue (FBR) has suffered a legal setback as the Supreme Court of Pakistan dismissed its petition in a high-profile input tax adjustment case, reinforcing the importance of substantiated tax enforcement actions.
(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.
-
FBR jolts fertilizer sector by revoking tax exemption certificate
Karachi, July 25, 2025 – In a move that has sent shockwaves across Pakistan’s fertilizer industry, the Federal Board of Revenue (FBR) has abruptly revoked a crucial tax exemption certificate previously granted to Engro Fertilizer Limited, one of the sector’s top players.
(more…) -
Weekly SPI Inflation Rises Sharply by 4.07%
Islamabad, July 25, 2025 – Pakistan’s weekly inflation, measured through the Sensitive Price Indicator (SPI), recorded a sharp increase of 4.07% for the week ending July 24, 2025, compared to the previous week, according to the Pakistan Bureau of Statistics (PBS).
(more…) -
FBR recovers Rs7.81 billion in penalties from non-filers
Islamabad, July 24, 2025 – The Federal Board of Revenue (FBR) has successfully recovered a total of Rs7.81 billion in penalties imposed on non-filers over the past five tax years, signaling intensified efforts to enforce tax compliance and expand the national tax base.
(more…) -
Pakistan’s Tax Puzzle: Why More Filers Aren’t Filling the Coffers
Islamabad – July 23, 2025 — Pakistan’s aggressive push to expand its tax base may be costing more than it’s collecting, warns a hard-hitting new report by the Asian Development Bank (ADB). The findings paint a troubling picture of misplaced priorities, mounting administrative burdens, and a tax system in dire need of simplification and reform.
(more…) -
FBR Shocks Taxpayers with AI-Driven Tax Notices
Karachi, July 23, 2025 – In a dramatic move that has rattled the already tense business environment, the Federal Board of Revenue (FBR) has fired off a barrage of Artificial Intelligence (AI)-generated notices targeting sales tax return anomalies spanning the last five years. This sudden strike by the FBR has left taxpayers—especially exporters and manufacturers—reeling in disbelief.
(more…) -
Gold hits historic high of Rs364,900 per Tola in Pakistan
Karachi, July 23, 2025 – In a dramatic surge, gold prices in Pakistan soared to an all-time high on Wednesday, reaching Rs364,900 per tola in local markets.
(more…) -
PM Shehbaz directs FBR to curb informal economy
Islamabad, July 23, 2025 – Prime Minister Shehbaz Sharif on Wednesday reaffirmed his government’s commitment to comprehensive tax reforms and directed the Federal Board of Revenue (FBR) to intensify its efforts to bring the informal economy into the tax net.
(more…) -
FBR tightens grip on sales tax evaders with new restrictions
Karachi, July 23, 2025 – If you’re a business engaged in taxable supplies and still haven’t registered for sales tax, it’s time to take notice! The Finance Act, 2025 has introduced tough new restrictions through three powerful sections—14AC, 14AD, and 14AE—under the Sales Tax Act, 1990. These sweeping changes aim to crack down on unregistered persons and bring them into the formal tax net.
(more…) -
KSE-100 index hits all-time high as bulls dominate market
Karachi, July 22, 2025 – The KSE-100 index of the Pakistan Stock Exchange (PSX) surged to a historic high on Tuesday as the bulls made a powerful comeback, signaling renewed investor confidence and a strong momentum in equities.
(more…)