Islamabad, March 3, 2025 – The Federal Board of Revenue (FBR) has successfully collected Rs 5.71 billion as advance tax on cash withdrawals during the first seven months (July–January) of the current fiscal year 2024-25. This tax applies to individuals making large cash withdrawals from banks who are not listed on the Active Taxpayers’ List (ATL).
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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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Banks After-Tax Earnings Rise to Rs 597 Billion in 2024
Karachi, March 3, 2025 – The banking sector in Pakistan has reported a notable increase in after-tax earnings, reaching Rs 597 billion for the year ending December 31, 2024. This marks a 5% year-on-year (YoY) growth compared to Rs 567 billion recorded in the previous year, demonstrating the resilience of banks amid evolving economic conditions.
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PM Shehbaz Takes Action Against Ramadan Gas Disruptions
Prime Minister Shehbaz Sharif has issued strict directives to ensure uninterrupted gas supply during Sehri and Iftar hours throughout the holy month of Ramadan.
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PM Shehbaz Takes Steps to Stabilize Essential Prices
Islamabad, March 2, 2025 – Prime Minister Shehbaz Sharif has issued firm directives to the concerned authorities, emphasizing the urgent need to ensure the availability of essential commodities at reduced prices for the general public.
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FBR Raises Rs 1.22 Billion Tax Demand Against Bank Alfalah
Karachi, March 2, 2025 – The Federal Board of Revenue (FBR) has issued a tax demand of Rs 1.22 billion against Bank Alfalah for multiple tax years, citing various discrepancies in tax payments.
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FBR Collects Rs 11 Billion from Exporters Under New Tax Rules
Islamabad, March 2, 2025 – The Federal Board of Revenue (FBR) has successfully generated Rs 11 billion in withholding tax from exporters under new tax regulations implemented for the current fiscal year.
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PM Shehbaz Launches Rs 20 Billion Ramadan Relief Package
ISLAMABAD: Prime Minister Shehbaz on Saturday unveiled a Rs 20 billion Ramadan relief package designed to support four million deserving families across Pakistan.
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FBR Collects Rs 7.34 Trillion in 8MFY25 but Misses Target
Islamabad – The Federal Board of Revenue (FBR) has collected a total of Rs 7.34 trillion during the first eight months (July – February) of the ongoing fiscal year. However, despite this substantial collection, the FBR has failed to meet its revenue target for the period.
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Pakistan’s Weekly Inflation Continues to Rise Ahead of Ramadan
Karachi, March 1, 2025 – Inflation in Pakistan continues to rise as the country prepares for Ramadan, with the Sensitive Price Indicator (SPI) reflecting a further increase in the cost of essential commodities.
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Pakistan Reduces Petroleum Prices for First Half of March 2025
Islamabad, February 28, 2025 – The government of Pakistan has announced a reduction in petroleum prices for the first half of March 2025, providing some relief to consumers amid fluctuating global oil rates.
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