Islamabad, May 18, 2025 — In a significant policy shift toward environmental sustainability, Pakistan is poised to impose a carbon levy in the upcoming federal budget for fiscal year 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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National Assembly approves major tax relief for banks in Pakistan
Islamabad, May 17, 2025 – In a significant move aimed at easing the financial burden on Pakistan’s banking sector, the National Assembly has ratified the Income Tax (Amendment) Bill, 2024, which offers substantial tax relief for banks.
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Pakistan caps customs duty at 15%, reduces duty slabs to four
Islamabad, May 16, 2025 – In a bold step towards comprehensive trade and economic reform, the Government of Pakistan has announced a sweeping overhaul of its Customs tariff structure by capping the maximum customs duty at 15% and reducing the number of duty slabs to four.
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KCCI warns of nationwide protest over harsh tax laws
Karachi, May 15, 2025 — The Karachi Chamber of Commerce and Industry (KCCI) has issued a strong warning to the federal government, signaling the possibility of a nationwide protest if the newly introduced tax laws under the Tax Ordinance Amendment 2025 are not immediately withdrawn.
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Bank deposits cross Rs32 trillion for first time in Pakistan’s history
KARACHI, May 15, 2025 — For the first time ever, bank deposits in Pakistan have crossed the Rs32 trillion milestone, marking a historic achievement in the country’s financial landscape.
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KSE-100 Index soars to all-time high on FY26 budget optimism
KARACHI, May 15, 2025 — The Pakistan Stock Exchange (PSX) witnessed a historic trading session on Thursday as the benchmark KSE-100 index surged to an all-time high, closing at a remarkable 119,962 points.
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Pakistan’s tax system overburdens poor, hinders growth: WB
KARACHI, May 14, 2025 — The World Bank has raised serious concerns about the structure and effectiveness of Pakistan’s tax system, highlighting its limited revenue generation, economic distortions, and disproportionate impact on low-income groups.
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PM Shehbaz orders crackdown on FBR officials aiding tax evaders
Islamabad, May 13, 2025 – Prime Minister Shehbaz Sharif has directed strict action against officials of the Federal Board of Revenue (FBR) found guilty of facilitating tax evasion.
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FBR to launch remote image analysis system for port integration
Karachi, May 13, 2025 – In a major step towards modernizing its operations, the Federal Board of Revenue (FBR) is set to implement a cutting-edge Remote Image Analysis Center (RIAC) aimed at integrating data across all entry and exit points of the country, including seaports, land border posts, and airports.
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Pakistan may abolish sales tax on cotton in 2025-26 budget
Islamabad, May 13, 2025 — The government of Pakistan is considering a significant tax reform by planning to abolish the 18% sales tax on locally produced cotton in the upcoming federal budget for 2025-26.
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