Karachi – April 16, 2025: Gold prices in Pakistan soared to an all-time high on Wednesday, nearing the crucial psychological threshold of Rs350,000 per tola amid ongoing global market turmoil.
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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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UBL Registers Highest-Ever Quarterly Profit in 1Q2025
Karachi, April 16, 2025 – United Bank Limited (UBL) has reported its highest-ever quarterly profit for the period ended March 31, 2025, marking a major milestone in the bank’s financial history.
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Pakistan Keeps Petroleum Prices Steady Till April End
In a move that has disappointed many citizens, the government of Pakistan has decided to keep petroleum prices unchanged for the next fortnight, starting April 16, 2025. The decision was officially announced late Tuesday night through a notification issued by the Ministry of Finance.
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PM Shehbaz Revives Green Channel for Overseas Pakistanis
Islamabad, April 15, 2025 — Prime Minister Shehbaz Sharif has unveiled a comprehensive package of reforms aimed at supporting overseas Pakistanis, announcing the revival of the Green Channel and several new initiatives to streamline services, resolve legal issues, and enhance educational and professional opportunities for expatriate families.
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Tribal Areas Receive Rs14 Billion Electricity Tax Relief: FBR
Karachi, April 15, 2025 – The Federal Board of Revenue (FBR) has reported that consumers in the tribal areas benefited from a significant tax relief of over Rs14 billion on the supply of electricity, granted through a sales tax exemption under the Sales Tax Act, 1990.
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FBR Extends Rs 60 Billion Reduced Tax Relief on Imports
Karachi, April 14, 2025 – The Federal Board of Revenue (FBR) has revealed that it extended approximately Rs 60 billion in tax relief during the current fiscal year through reduced income tax rates applied to a wide range of imports. This relief was granted under Clause 56 of Part IV of the Second Schedule of the Income Tax Ordinance, 2001.
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18% GST Pushing Businesses to Evade, Warns PBC
Karachi, April 14, 2025 – The Pakistan Business Council (PBC) has raised serious concerns over the impact of the current 18% General Sales Tax (GST), stating that such a high rate in a largely undocumented economy creates a powerful incentive for tax evasion.
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Pakistan Receives Record $4.1 Billion Remittances in March 2025
Karachi, April 14, 2025 – Governor of the State Bank of Pakistan (SBP), Jameel Ahmad, announced on Monday that the country received a historic $4.1 billion in workers’ remittances during March 2025, the highest monthly inflow ever recorded.
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FBR Grants Rs1.65 Billion Tax Relief on Gratuity Payments
Karachi, April 13, 2025 – In a significant move aimed at easing the financial burden on retiring employees, the Federal Board of Revenue (FBR) has extended income tax exemptions amounting to Rs1.65 billion on gratuity payments made to individuals during the tax year.
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Petroleum Prices Likely to Drop Sharply in Second Half of April
Karachi, April 13, 2025 – A substantial reduction in petroleum prices is expected in Pakistan during the second half of April, offering potential relief to inflation-stricken consumers.
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