Islamabad, February 14, 2025 – The Federal Board of Revenue (FBR) has taken decisive action against tax fraud by sealing a prominent sugar mill in interior of Sindh, following allegations of large-scale tax evasion and manipulation of the track and trace system, sources reported on Friday.
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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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Gold Prices Surge to Record Rs 304,000 per Tola in Pakistan
Karachi, February 13, 2025 – Gold prices in Pakistan have skyrocketed to an unprecedented high, reaching Rs 304,000 per Tola, driven by a significant upsurge in international markets.
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FBR Updates Method for Zero-Rated Supplies to Duty-Free Shops
Karachi, February 12, 2025 – The Federal Board of Revenue (FBR) has introduced a detailed procedure governing zero-rated supplies to duty-free shops (DFS) across Pakistan.
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NAB Discloses Huge Capital Outflow Seeking Citizenship Abroad
Karachi, February 12, 2025 – The National Accountability Bureau (NAB) on Wednesday revealed alarming statistics regarding capital outflows, highlighting that a significant number of Pakistanis had moved abroad last year, transferring substantial sums to secure foreign citizenship.
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Non-Filers Drive 85% Spike in Car Buying
Karachi, February 11, 2025 – A massive increase of 85% was recorded in car buying during the month of January 2025, driven by fears of impending restrictions on non-filers of income tax returns.
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FBR Revises Karachi Property Valuation, Introduces New Criteria
Islamabad, February 11, 2025 – The Federal Board of Revenue (FBR) has amended the property valuation rates for Karachi, introducing a revised structure to ensure greater transparency in real estate assessments.
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SHC Reinstates Licenses of Suspended Customs Agents
Karachi, February 11, 2025 – The Sindh High Court (SHC) has overturned the suspension of multiple customs agents whose licenses had been revoked by the Federal Board of Revenue (FBR) over alleged manipulation of the faceless customs assessment system.
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Pakistan’s Car Sales Skyrocket by 73% MoM in January 2025
Karachi, February 11, 2025 – Pakistan’s car sales witnessed an impressive surge of 73% on a Month-on-Month (MoM) basis in January 2025, driven largely by the New Year effect, which traditionally sees a spike in automobile purchases.
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FBR Updates Valuation Criteria for Sales Tax on Used Vehicles
Karachi, February 11, 2025 – The Federal Board of Revenue (FBR) has revised the valuation method for used vehicles concerning the calculation of sales tax.
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KSE-100 Surges 1,055 Points Amid Reports of Tax Package Delay
Karachi, February 10, 2025 – The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) experienced a remarkable surge of 1,055 points on Monday, fueled by renewed investor confidence following reports that the government might postpone the introduction of a tax package for the real estate sector.
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