Karachi, February 5, 2025 – Gold prices in Pakistan have soared to an unprecedented high, reaching close to Rs 300,000 per tola on Wednesday, marking a historic milestone in the country’s bullion market. The continuous upward trend has left investors and traders closely monitoring further developments.
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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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Pensioners avail Rs 43.61 billion income tax exemption: FBR
Karachi, February 5, 2025 – Pensioners in Pakistan have benefitted from a tax exemption amounting to Rs 43.61 billion on their income within a year, according to official documents.
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APCCA warns shutdown, FBR remains resolute on faceless system
Karachi, February 4, 2025 – The ongoing standoff between the Federal Board of Revenue (FBR) and the All Pakistan Customs Clearing Agents Association (APCCA) has reached a critical juncture, with the customs sector facing potential paralysis if the government does not address APCCA’s demands. As tensions escalate, the question remains whether authorities will engage in negotiations or maintain their rigid stance against the association’s ultimatum.
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PM Shehbaz announces Ramazan package without Utility Stores
Islamabad, February 4, 2025 – Prime Minister Shehbaz Sharif announced on Tuesday that the government will unveil the Ramazan Relief Package this year without involving Utility Stores, aiming to prevent corruption and ensure high-quality commodities reach the public.
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FBR unveils duty-free vehicle import scheme for Gwadar
Karachi, February 4, 2025 – The Federal Board of Revenue (FBR) has announced a major step to support the construction, development, and operations of Gwadar Port and the Gwadar Free Zone Area by allowing the duty and tax-free import of vehicles by concession holders and their operating companies.
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PM task force recommends amnesty for property transactions
Islamabad, February 4, 2025 – A high-level task force established by Prime Minister Mohammad Shehbaz Sharif has put forward significant recommendations aimed at revitalizing the real estate sector by introducing an amnesty on property transactions.
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Petroleum Sales Increase 8% YoY in January 2025
Karachi, February 4, 2025 – The sales of petroleum products in Pakistan witnessed an 8% year-on-year (YoY) increase in January 2025, signaling a recovery in economic activity and energy consumption.
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Saudi Arabia to provide $1.2bn oil on deferred payment to Pakistan
Islamabad, February 3, 2025 – Pakistan and Saudi Arabia have signed an agreement to import oil worth $1.2 billion on deferred payment terms, marking a crucial step in strengthening the bilateral ties between the two nations.
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Pakistan’s exports surge 10% to $19.55 billion 7MFY25
Islamabad, February 3, 2025 – Pakistan’s exports have experienced a significant boost, rising by 10% to reach $19.55 billion during the first seven months (July – January) of fiscal year 2024-25, according to data released by the Pakistan Bureau of Statistics (PBS) on Monday.
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KSE-100 plunges 1.32% amid concerns over property tax package
Karachi, February 3, 2025 – The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) witnessed a sharp decline on Monday, shedding 1,511 points, or 1.32%, as investors reacted negatively to concerns surrounding a potential tax package for the property sector.
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