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Category: Top stories

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.

IMF 02

IMF Urges Pakistan to Maintain Strong Policies Amid Middle East War

May 9, 2026May 9, 2026Mrs. Anjum Shahnawaz

International Monetary Fund has urged Pakistan to maintain strong macroeconomic policies and accelerate reforms to withstand economic shocks arising from the ongoing conflict in the Middle East.

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Petroleum Prices in Pakistan increase decrease

Pakistan Drops Petrol Bomb: Fuel Prices Soar Above Rs414 Per Litre

May 9, 2026May 9, 2026Mrs. Anjum Shahnawaz

Pakistan has witnessed another devastating fuel price hike after the federal government sharply increased petrol and diesel prices by nearly Rs15 per litre, pushing both products above the alarming Rs414 mark for the first time.

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Inflation Pakistan

High Fuel Prices Push Weekly Inflation Above 15% in Pakistan

May 8, 2026May 8, 2026Mrs. Anjum Shahnawaz

Islamabad, May 8, 2026 – High fuel prices pushed Pakistan’s weekly inflation above 15% on a year-on-year basis, according to the latest data released by the Pakistan Bureau of Statistics on Friday.

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Supreme Court of Pakistan

Pakistan apex court strikes down tax on deemed property income

May 7, 2026May 7, 2026Mrs. Anjum Shahnawaz

ISLAMABAD, May 7, 2026 — Pakistan’s Federal Constitutional Court on Thursday declared the tax on deemed property income unlawful, dismissing appeals filed by the Federal Board of Revenue (FBR) and striking down Section 7E of the Income Tax Ordinance, 2001.

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PM Sharif Parliament

Shehbaz Sharif says Pakistan key force in Iran-US diplomatic engagement

May 6, 2026May 6, 2026Mrs. Anjum Shahnawaz

ISLAMABAD, May 6, 2026 — Prime Minister Shehbaz Sharif on Wednesday said Pakistan has emerged as a key force for peace and stability in the region, crediting its diplomatic efforts for facilitating unprecedented engagement between Iran and the United States.

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Pakistan US flags

US closes Peshawar consulate, moves responsibilities to Islamabad embassy

May 6, 2026May 6, 2026Mrs. Anjum Shahnawaz

WASHINGTON/ISLAMABAD, May 6, 2026 — The United States has announced the phased closure of its Consulate General in Peshawar, citing security concerns and efforts to improve resource management, the U.S. State Department said on Tuesday.

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Port Qasim Activity

Pakistan, US discuss boosting trade ties in virtual meeting

May 6, 2026May 6, 2026Mrs. Anjum Shahnawaz

ISLAMABAD, May 6, 2026 — Pakistan and the United States discussed ways to enhance bilateral trade and advance ongoing negotiations during a virtual meeting between Jam Kamal Khan and Rick Switzer, officials said on Wednesday.

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SBP governor Jameel Ahmad

SBP Ready to Take Measures to Address Risks Amid Middle East Conflict

May 5, 2026May 5, 2026Shahnawaz Akhter

KARACHI, May 5, 2026 – Governor Jameel Ahmad said the State Bank of Pakistan (SBP) is fully prepared to take necessary measures to safeguard financial stability amid risks arising from the ongoing Middle East conflict.

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PM Shehbaz on Independence Day

Shehbaz orders strict action against power firms, pushes renewable reforms

May 5, 2026May 5, 2026Mrs. Anjum Shahnawaz

ISLAMABAD, May 6, 2026 – Prime Minister Shehbaz Sharif has directed strict action against power distribution companies over regulatory violations, while emphasizing accelerated reforms in Pakistan’s energy sector.

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oil import pakistan

DPM Reviews Security of Oil Refineries and Storage Facilities

May 5, 2026May 5, 2026Mrs. Anjum Shahnawaz

ISLAMABAD, May 4, 2026 – Deputy Prime Minister (DPM) and Foreign Minister Senator Ishaq Dar on Monday chaired a high-level meeting of the Committee on Security Assessment of Oil Refineries and oil storage facilities across the country.

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