In a landmark shift in its taxation policy, Pakistan is preparing to eliminate the term ‘non-filer’ from its tax laws — a move set to be officially introduced in the upcoming Budget 2025-26.
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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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SBP reiterates caution on cryptocurrency amid regulatory vacuum
Karachi, May 30, 2025 – The State Bank of Pakistan (SBP) has issued a comprehensive clarification regarding the legal status of cryptocurrency in the country, reiterating its earlier stance on the issue.
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FBR reshuffles top taxpayers to trace foreign assets
Karachi, May 30, 2025 – In a bold and strategic move, the Federal Board of Revenue (FBR) has unleashed a sweeping reshuffle, transferring 21 high-profile taxpayers to intensify monitoring of their offshore assets.
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FBR considers ending major sales tax exemption in FY26 budget
ISLAMABAD: The Federal Board of Revenue (FBR) is actively reviewing proposals to withdraw sales tax exemptions on various sectors, including solar panel imports, as part of its broader tax reforms in the upcoming budget 2025-26.
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Pakistan, IMF deliberate FY26 budget measures to raise revenues
The government of Pakistan has entered into critical discussions with the International Monetary Fund (IMF) regarding fiscal reforms to be incorporated in the upcoming federal budget for FY2025-26, with a central focus on bolstering tax collection and reducing the widening fiscal deficit.
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PM Shehbaz vows economic strength, unity on Youm-e-Takbeer
As Pakistan commemorated the 27th anniversary of Youm-e-Takbeer on Wednesday, Prime Minister Shehbaz Sharif reaffirmed the nation’s unwavering commitment to safeguarding sovereignty and transforming Pakistan into an economic powerhouse.
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Car buying bonanza delivers 144% tax collection boost in 10MFY25
KARACHI, May 27, 2025 — The tax authorities in Karachi have reported a stunning 144% increase in tax collection from new car purchases during the first ten months (July–April) of fiscal year 2024–25, driven by a sharp rise in the sale of high-end vehicles across Pakistan.
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Aurangzeb slashes tax return fields for salaried class
Karachi, May 26, 2025 — Finance Minister Muhammad Aurangzeb has announced major relief for Pakistan’s salaried class by introducing a much simpler income tax return process.
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April profit tax crashes 37% despite record-breaking bank deposits
Karachi, May 25, 2025 – In a surprising twist that’s left tax experts baffled, income tax collection from profit on bank deposits plunged by a staggering 37% in April 2025, compared to the same month last year—even as bank deposits soared to historic highs, crossing the Rs32 trillion mark for the first time in Pakistan’s financial history.
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IMF wraps up Pakistan visit, focuses on FY26 budget and reforms
ISLAMABAD, May 24, 2025 — The International Monetary Fund (IMF) has concluded a critical staff visit to Pakistan, centered around the formulation of the upcoming FY2026 budget and evaluation of ongoing economic reforms.
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