ISLAMABAD – The federal government has announced a substantial increase in petroleum prices across Pakistan, effective from July 16, 2025.
(more…)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.
-
Bank deposits surge to record Rs35.50 trillion in Pakistan
Karachi, July 15, 2025 – In a dramatic turn for Pakistan’s financial sector, bank deposits have shattered all previous records, surging to an all-time high of Rs35.50 trillion by the close of June 2025.
(more…) -
Supreme Court Halts Same-Day Tax Recovery Notices
Islamabad, July 15, 2025 – The Supreme Court of Pakistan ruled that notices issued under Section 140 of the Income Tax Ordinance, 2001 cannot demand immediate tax recovery on the same day of issuance. Instead, such notices must specify a future date for compliance, ensuring due process and legal protection.
(more…) -
Shehbaz orders helpline, AI upgrades to boost tax return filing
Islamabad, July 14, 2025 – Prime Minister Shehbaz Sharif on Monday directed the immediate establishment of a nationwide helpline to assist citizens with return filing for the tax year 2025, aiming to make the process easier, faster, and more inclusive for the general public.
(more…) -
KSE-100 index hits historic high of 136,503 points amid optimism
Karachi, July 14, 2025 – The KSE-100 index of the Pakistan Stock Exchange (PSX) continued its record-breaking rally on Monday, surging by 2,203 points to close at an all-time high of 136,503 points.
(more…) -
FBR unleashes digital dragnet in tax fraud crackdown
Karachi, July 13, 2025 – In a bold and unprecedented move, the Federal Board of Revenue (FBR) has launched a sweeping digital manhunt, targeting IP addresses used in filing sales tax returns linked to fraudulent and flying invoices. This aggressive crackdown aims to unmask the faceless perpetrators behind massive tax fraud operations that have bled billions from the national treasury.
(more…) -
FBR harassing exporters on tax fraud allegations: FTO
Karachi, July 12, 2025 — The Federal Tax Ombudsman (FTO) has strongly criticized the Federal Board of Revenue (FBR) for harassing exporters by arbitrarily blocking or suspending their Sales Tax Registration Numbers (STRNs) on unproven allegations of tax fraud — in direct violation of superior court rulings.
(more…) -
FBR urges businesses: Limit cash to avoid tax troubles
Islamabad, July 11, 2025 – The Federal Board of Revenue (FBR) is making headlines once again—this time by strongly advising businesses across Pakistan to avoid cash sales and adopt banking or digital channels for transactions exceeding Rs200,000.
(more…) -
PM Shehbaz orders modernization of outdated governance system
Islamabad, July 11, 2025 – Prime Minister Shehbaz Sharif on Friday reiterated his government’s commitment to overhauling Pakistan’s outdated governance system, emphasizing the urgent need to adopt a modern, efficient, and technology-driven framework to meet present-day challenges.
(more…) -
Pakistan’s forex reserves cross $20 billion after three-year gap
Karachi, July 10, 2025 – Pakistan’s foreign exchange (forex) reserves have surged past the $20 billion threshold for the first time in over three years, marking a significant milestone in the country’s economic recovery.
(more…)