Karachi, February 28, 2025 – Oil and Gas Development Company Limited (OGDCL) has reported a significant 33% decline in its half-year profit after tax, primarily due to increased taxation.
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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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MTO Karachi Seals Oaks for Issuing Unverified Invoices
Karachi, February 28, 2025 – The Medium Tax Office (MTO) Karachi has taken decisive action against tax fraud by sealing an outlet of Oaks Pakistan for issuing fake sales tax invoices.
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Capital Gain Tax Collection Surges 82% in 7MFY25
Karachi, February 27, 2025 – The collection of capital gain tax has witnessed an extraordinary surge of 82% during the first seven months (July – January) of the fiscal year 2024-25, according to provisional data from the Federal Board of Revenue (FBR).
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PSX Expects Pakistan’s Economic Growth to Continue
Karachi, February 27, 2025 – The Pakistan Stock Exchange (PSX) has expressed optimism that Pakistan’s economic growth is likely to persist in the coming months, driven by macroeconomic stabilization measures and strategic policy shifts.
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Pakistan Sets Nisab of Zakat at Rs 179,689 for Year 2025
Islamabad, February 26, 2025 – Pakistan has officially announced the Nisab of Zakat for the Zakat Year 1445-46 AH, setting it at Rs 179,689. The deduction of Zakat will take place on the first day of Ramadan, as per the notification issued by the Ministry of Poverty Alleviation and Social Safety.
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UBL Engages in Legal Tax Dispute with FBR
Karachi, February 26, 2025 – United Bank Limited (UBL) has disclosed an ongoing legal dispute with the Federal Board of Revenue (FBR) over tax-related matters.
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Pakistan Explores Crypto Adoption and Regulatory Frameworks
Islamabad, February 25, 2025 – Pakistan on Tuesday took a significant step towards exploring the adoption of crypto currencies, aligning itself with global best practices to modernize its financial landscape.
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FTO Uncovers Rs 9.38 Billion Annual Electricity Tax Loss
Karachi, February 25, 2025 – The Federal Tax Ombudsman (FTO) has identified a staggering annual revenue loss of Rs 9.38 billion to the Federal Board of Revenue (FBR) due to discrepancies in the collection of electricity tax across the country.
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FBR Establishes Centralized Customs Examination Unit
Karachi, February 25, 2025 – The Federal Board of Revenue (FBR) has announced the establishment of a Centralized Customs Examination Unit (CEU) in Karachi to enhance the efficiency of customs operations, ensure transparency, and expedite the clearance of goods.
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OGDCL Discovers Oil and Gas in North Waziristan
Karachi, February 25, 2025 – The Oil and Gas Development Company Limited (OGDCL) has announced a significant discovery of oil and gas at the Exploratory Well Spinwam-1 in the Waziristan Block, situated in the North Waziristan District of Khyber Pakhtunkhwa Province.
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