Karachi, May 8, 2025 – The Pakistan Stock Exchange (PSX) experienced a dramatic crash of 6.32% during midday trading on Thursday following reports that India launched a series of drone strikes across multiple Pakistani cities overnight. The news triggered widespread panic among investors, resulting in the PSX hitting its lower lock and forcing a temporary suspension of trading.
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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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NSC authorizes Armed Forces to respond to Indian aggression
Islamabad, May 7, 2025 — The National Security Committee (NSC) of Pakistan, chaired by Prime Minister Muhammad Shehbaz Sharif, has authorized the Armed Forces to respond decisively to India’s unprovoked military aggression.
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FBR cracks down on gold trade to curb money laundering
KARACHI, May 6, 2025 — In response to the sharp surge in gold prices and the growing risks of financial crimes, the Federal Board of Revenue (FBR) has intensified its efforts to monitor money laundering activities in Pakistan’s gold trade sector.
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FBR mulls tax on high pensions, income tax relief in FY26 budget
As Pakistan gears up for Budget 2025-26, the Federal Board of Revenue (FBR) is actively working on two major fiscal proposals — imposing a tax on high-value pensions and increasing the income tax exemption threshold for salaried individuals.
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Finance Ministry Justifies Tax Laws (Amendment) Ordinance, 2025
Islamabad, May 5, 2025 — The Finance Ministry on Monday defended the recently issued Tax Laws (Amendment) Ordinance, 2025, saying it aims to plug legal and administrative gaps in the tax system and ensure fair and efficient tax enforcement.
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SBP cuts benchmark rate to 11%, surpassing market consensus
Karachi, May 5, 2025 — In a move that exceeded market forecasts, the State Bank of Pakistan (SBP) announced a 100 basis point reduction in its benchmark policy rate, bringing it down to 11%, effective May 6, 2025.
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Utility Stores face closure amid massive layoffs
Karachi, May 4, 2025 – The Utility Stores Corporation (USC) is teetering on the brink of closure following the government’s sudden termination of thousands of contractual employees.
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FBR begins swift tax recovery from bank accounts under new law
Islamabad, May 4, 2025 – The Federal Board of Revenue (FBR) has officially begun immediate recovery of outstanding taxes directly from taxpayers’ bank accounts, following the promulgation of the Tax Laws (Amendment) Ordinance, 2025.
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Non-filers lose access to property market in Pakistan
Islamabad, May 3, 2025 – In a major crackdown on tax evasion, the federal government is preparing to enforce a complete ban on property transactions by non-filers of income tax returns.
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Pakistan urges Saudi Arabia to help de-escalate regional tensions
Islamabad, May 2, 2025 — Prime Minister Shehbaz Sharif on Friday urged Saudi Arabia and other friendly nations to play a constructive role in encouraging India to de-escalate tensions in South Asia. The prime minister reaffirmed Pakistan’s commitment to regional peace and stability during a high-level meeting with Saudi Arabia’s ambassador to Pakistan, Nawaf bin Saeed Al-Maliky, at the Prime Minister’s House.
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