Karachi, October 6, 2025 – Pakistan has provided a substantial tax exemption of Rs61 billion during the tax year 2023–24 under various Free Trade Agreements (FTAs) and Preferential Trade Agreements (PTAs), according to the Tax Expenditure Report 2025 issued by the Federal Board of Revenue (FBR).
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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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Pakistan, Malaysia sign six accords to deepen bilateral ties
Kuala Lumpur, October 6, 2025 – Pakistan and Malaysia on Monday took a major step toward expanding bilateral relations by signing six key accords aimed at enhancing cooperation in diverse sectors, including education, tourism, Halal certification, anti-corruption efforts, and the development of small and medium enterprises (SMEs).
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Pakistan, IMF discuss economic target after floods losses
Islamabad, October 5, 2025: Pakistan has initiated discussions with the visiting International Monetary Fund (IMF) delegation to review key economic targets under the ongoing loan program, following extensive losses caused by recent floods across several provinces.
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IR Officers Get Court Powers in Tax Summon Cases
Karachi, October 4, 2025 – In a dramatic move that could reshape Pakistan’s tax enforcement landscape, Inland Revenue (IR) officers have been empowered with court-like authority to summon individuals in tax-related cases.
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Cyclone SHAKHTI brings thunderstorms to Karachi, Sindh
Islamabad, October 4, 2025 – The Pakistan Meteorological Department (PMD) has issued a fresh alert stating that the developing Cyclone ‘SHAKHTI’ is expected to cause thunderstorms and rainfall in Karachi as well as several districts of Sindh.
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Pakistan’s weekly inflation rises 0.56% on fuel costs
Islamabad, October 3, 2025 – A sharp rise in petroleum prices has contributed to an increase in weekly inflation, which climbed by 0.56% during the week ending October 2, 2025, according to the latest data from the Pakistan Bureau of Statistics (PBS).
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Record Rs556bn Tax Paid by Salaried Class in FY25
Islamabad, October 3, 2025 – The salaried class contributed a record Rs556 billion in withholding income tax during fiscal year 2024-25, according to withholding tax collection data released by the Federal Board of Revenue (FBR).
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Pakistan’s trade deficit jumps 35% in Q1 FY26
Islamabad, October 2, 2025 – Pakistan’s merchandise trade deficit expanded significantly during the first quarter of the current fiscal year (July–September 2025), as import payments outpaced export earnings, according to the latest figures released by the Pakistan Bureau of Statistics (PBS).
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FBR slaps additional 40% regulatory duty on imported cars
Islamabad, October 2, 2025 – The Federal Board of Revenue (FBR) has announced a significant policy move by imposing an additional 40% regulatory duty on the import of vehicles.
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Pakistan officially begins commercial import of used vehicles
Islamabad, October 1, 2025 – Pakistan has officially allowed the commercial import of used vehicles, a move expected to reshape the auto sector and provide consumers with more options.
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