Karachi, January 16, 2025 – The net foreign exchange reserves of Pakistan witnessed a notable increase of $73 million on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. This marks a positive development for the country’s financial stability amid ongoing economic challenges.
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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 Raises Petroleum Prices for Second Half of January 2025
Islamabad, January 15, 2025 – In a move that will impact consumers nationwide, Pakistan has raised the prices of key petroleum products for the second half of January 2025. The revised rates will come into effect starting January 16, 2025.
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Electricity Tariff Cut for EVs to Encourage Investors: PM Shehbaz
Islamabad, January 15, 2025 – Prime Minister Muhammad Shehbaz Sharif on Wednesday hailed the significant reduction of Rs30 per unit in electricity tariffs for electric vehicles (EVs) as a transformative step to boost the adoption of emission-free, eco-friendly vehicles in Pakistan.
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FBR Workforce Accounts for Only 2% of Total Tax Collection
Karachi, January 15, 2025 – A startling revelation has emerged from the Federal Board of Revenue’s (FBR) official tax collection data, exposing that the vast network of FBR officials contributed a mere 2% to the overall tax collection efforts.
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Cabinet Approves Revised Power Agreements with 14 IPPs
Islamabad, January 14, 2025 – In a significant move to alleviate electricity costs and address circular debt, the federal cabinet, under the leadership of Prime Minister Shehbaz Sharif, approved revised agreements with 14 Independent Power Producers (IPPs).
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Financial Sector Emerges as Largest Beneficiary of Tax Relief: FBR
Karachi, January 14, 2025 – The Federal Board of Revenue (FBR) has revealed that the financial sector emerged as the largest beneficiary of income tax relief during the tax year 2024. The findings were disclosed in a detailed report highlighting the exemptions and concessions provided across various sectors.
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Bank Borrowing: Government Retires Rs 2.42 Trillion in 1HFY25
Karachi, January 14, 2025 – The government has retired a substantial Rs 2.42 trillion in bank borrowing during the first half of the fiscal year 2024-25 (July–December). The data, released by the State Bank of Pakistan (SBP) on Tuesday, highlights the government’s efforts to manage and reduce its reliance on borrowing.
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PM Shehbaz Wants Artificial Intelligence for Customs Clearance
Islamabad, January 13, 2025 – Prime Minister Muhammad Shehbaz Sharif on Monday expressed his desire that artificial intelligence should take control the clearance at Pakistan Customs.
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Taxpayer Money Drives Heated Debate on FBR Honda Car Fleet
Karachi, January 13, 2025 – A heated debate has erupted among taxpayers over the Federal Board of Revenue’s (FBR) plan to purchase 1,010 Honda City 1.2 L CVT cars as part of its initiative to strengthen enforcement measures.
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FBR Purchases 1,010 Honda City 1.2 L to Boost Tax Enforcement
Islamabad, January 12, 2025 – The Federal Board of Revenue (FBR) has announced the purchase of 1,010 Honda City 1.2 L CVT vehicles to bolster its enforcement efforts against tax evasion. This significant acquisition is part of the FBR’s strategy to enhance its operational capabilities and expand its tax net.
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