Islamabad, March 1, 2026: Prime Minister Muhammad Shehbaz Sharif on Sunday chaired a high-level meeting to review the evolving regional situation, Pakistan’s internal security environment, and measures to ensure the safe evacuation of Pakistani citizens from Iran amid rising tensions in the region.
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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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At least nine killed in violent clashes at US Consulate in Karachi
Karachi, March 1, 2026: At least nine people were killed and more than 18 others injured on Sunday after violent clashes erupted between police and protesters outside the United States Consulate in Karachi, following demonstrations against recent US and Israeli strikes that reportedly martyred Iran’s Supreme Leader, Ayatollah Ali Khamenei.
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Pakistan hikes petroleum prices sharply amid rising Gulf tensions
Islamabad, February 28, 2026: The government of Pakistan late Saturday night announced a significant increase in petroleum prices for the first fortnight of March 2026, citing escalating tensions in the Gulf region and the risk of a surge in international oil prices.
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PM Shehbaz condemns Gulf escalation, reaffirms Pakistan’s support
Islamabad, February 28, 2026 – Prime Minister Muhammad Shehbaz Sharif held separate telephone conversations with Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud of Saudi Arabia and President Sheikh Mohamed bin Zayed Al Nahyan of the United Arab Emirates (UAE) this evening, strongly condemning the recent regional escalation in the Gulf.
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KSE-100 tanks 5,108 points last week; more shocks expected amid Middle East crisis
Karachi, February 28, 2026: The KSE-100 index of the Pakistan Stock Exchange (PSX) experienced a steep weekly decline, shedding 5,108 points to close at 168,062 points for the week ending February 27, 2026. Analysts cite persistent selling pressure, geopolitical tensions, and cross-border uncertainties as key drivers behind the market slump.
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Bullion Blaze: Pakistan Gold Soars Rs10,000 Amid Middle East Crisis
Karachi, February 28, 2026: Gold prices in Pakistan recorded a sharp surge on Saturday, climbing by Rs10,000 per tola, as escalating geopolitical tensions fueled strong demand for the safe-haven asset, bullion market dealers said.
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FBR faces revenue shortfall in February amid IMF review talks
Islamabad — As the International Monetary Fund (IMF) mission visits Pakistan to conclude the third review under the $7 billion Extended Fund Facility (EFF) programme, the Federal Board of Revenue (FBR) is grappling with a significant revenue shortfall in February 2026, raising concerns over the country’s fiscal targets.
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Aurangzeb approves revised features of low-cost housing scheme, sanctions key grants
Islamabad, February 27, 2026 – Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, on Friday approved the revised features of the “Mera Ghar Mera Aashiana (MGMA)” – Mortgage Financing for Low-Cost Housing Scheme, while chairing a meeting of the Economic Coordination Committee (ECC) of the Cabinet. The committee also sanctioned major infrastructural and development-related grants to support housing, agriculture, and energy sectors.
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Pakistan awards 11 oil and gas blocks, attracts Rs8.66 billion investment
Islamabad, February 26, 2026 – The Government of Pakistan has taken a major step to boost domestic energy production by awarding 11 onshore oil and gas blocks to leading national companies, securing a minimum committed investment of Rs8.66 billion (USD 31 million) over the next three years.
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FBR clamps down on trade fraud, strikes Rs30 billion blow
Islamabad, February 26, 2026: The Federal Board of Revenue (FBR) has detected trade fraud cases totaling Rs30.46 billion following the successful rollout of its transformation plan. According to official FBR documents, customs authorities identified 174 cases of misdeclaration and under-valuation, safeguarding Rs1.37 billion in duties and taxes.
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