Karachi, March 26, 2025 – Nestlé Pakistan has attributed its revenue decline for the calendar year 2024 to the higher rate of General Sales Tax (GST). The company cited the increased tax burden as a key factor impacting its financial performance.
(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.
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IMF Approves Pakistan’s EFF, RSF for Stability Boost
Washington, March 25, 2025 – Pakistan has successfully reached a staff-level agreement with the International Monetary Fund (IMF) on the first review of its Extended Fund Facility (EFF) and a new arrangement under the Resilience and Sustainability Facility (RSF).
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Finance Ministry Foresees Inflationary Pressures in Coming Months
Islamabad, March 25, 2025 – The finance ministry has projected an increase in inflation over the coming months, attributing it to persistently high core inflation and rising costs in key sectors such as food and energy.
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FBR Establishes STRAW, Transfers 11 BS-21 IRS Officers
Islamabad, March 25, 2025 – The Federal Board of Revenue (FBR) has announced the establishment of the Strategic Tariff and Revenue Analysis Wing (STRAW) and has subsequently transferred 11 senior Inland Revenue Service (IRS) officers in BS-21 to this newly created division.
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FBR Issues Methodology for Settlement of Classification Disputes
Karachi, March 25, 2025 – The Federal Board of Revenue (FBR) has introduced a revised methodology to streamline the resolution of classification disputes in the customs domain.
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Kirthar JV Announces New Gas Discovery in Dadu, Sindh
Karachi, March 25, 2025 – In a significant development for Pakistan’s energy sector, the Pakistan Petroleum Limited (PPL) partner-operated Kirthar Joint Venture (Kirthar JV) has announced a new gas discovery in the Kirthar Block, situated in District Dadu, Sindh Province.
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SDPI Unmasks Tobacco Industry’s Economic Manipulations
Islamabad, March 24, 2025 – Dr. Waseem Iftikhar Janjua, Senior Advisor at the Sustainable Development Policy Institute (SDPI), has raised serious concerns regarding the manipulative tactics employed by the tobacco industry, particularly in tax evasion and policy influence.
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FBR Extends Filing Deadline for Sales Tax Returns Till March 27
Karachi, March 24, 2025 – The Federal Board of Revenue (FBR) has officially extended the deadline for filing sales tax returns until March 27, 2025.
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FBR Slows Tax Refunds to Boost FY25 Revenue
The Federal Board of Revenue (FBR) has deliberately slowed down the disbursement of tax refunds as part of its strategy to enhance revenue collection for the fiscal year 2024-25.
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Sales Tax Collection on Imports Sees 30% Surge in February 2025
Karachi, March 23, 2025 – The collection of sales tax on imports witnessed a significant 30% surge in February 2025, offering a much-needed boost to the Federal Board of Revenue (FBR) in its revenue collection efforts.
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