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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.

FBR Pakistan Karachi

FBR Waives Penalties on Rs8.77 Billion Tax Liability of PIA

May 4, 2026May 4, 2026Shahnawaz Akhter

ISLAMABAD, May 4, 2026 – The Federal Board of Revenue (FBR) has announced a waiver of penalties and default surcharge on tax liabilities amounting to Rs8.77 billion payable by Pakistan International Airlines (PIA).

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port activity

Pakistan Trade Deficit Surges to $32 Billion in 10MFY26

May 4, 2026May 4, 2026Shahnawaz Akhter

ISLAMABAD, May 4, 2026 – Pakistan’s trade deficit expanded sharply to $32 billion during the first ten months (July to April) of fiscal year 2025-26, highlighting growing pressure on the country’s external account.

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Petroleum Prices in Pakistan increase decrease

Pakistan Oil Sales Plummet in April 2026 Amid Rising Petroleum Prices

May 4, 2026May 4, 2026Shahnawaz Akhter

KARACHI: Pakistan’s oil sales declined sharply in April 2026 as rising petroleum prices dampened demand, according to data released by industry analysts.

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Prime Minister Shehbaz Sharif

PM Shehbaz Sharif orders comprehensive strategy to stabilise electricity tariffs

May 2, 2026May 2, 2026Mrs. Anjum Shahnawaz

ISLAMABAD – In a high-level move to address the nation’s energy concerns, Prime Minister Muhammad Shehbaz Sharif has directed relevant authorities to formulate a robust strategy aimed at stabilising electricity tariffs across the country.

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oil import pakistan

Pakistan inflation rises 50bps with every $10 oil price increase, report says

May 2, 2026May 2, 2026Shahnawaz Akhter

KARACHI, May 2, 2026– Pakistan inflation could rise by 50 basis points for every $10 per barrel increase in global oil prices, intensifying economic pressures amid ongoing geopolitical tensions, according to a report by Topline Securities Limited.

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Inflation Pakistan

Pakistan inflation surges near 11% in April, above government estimates

May 1, 2026May 1, 2026Mrs. Anjum Shahnawaz

ISLAMABAD, May 1, 2026 – Pakistan’s headline inflation accelerated to nearly 11% in April, exceeding official projections, as rising prices and supply constraints pushed up the cost of living, data from the Pakistan Bureau of Statistics showed on Friday.

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Pakistan IMF

IMF asks Pakistan to continue reforms implementation amid Middle East crisis

May 1, 2026May 1, 2026Mrs. Anjum Shahnawaz

ISLAMABAD, May 1, 2026 – The International Monetary Fund has urged Pakistan to press ahead with economic reforms to maintain stability as rising tensions in the Middle East create uncertainty across regional and global markets.

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FBR Building

FBR braces for historic tax shortfall in FY2025-26

May 1, 2026May 1, 2026Shahnawaz Akhter

Islamabad, May 1, 2026: The Federal Board of Revenue (FBR) is heading toward a historic shortfall in tax collection for the fiscal year 2025-26 after missing its revenue targets during the first ten months (July–April).

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petrol shortage

Pakistan hikes petrol and diesel prices to Rs400 per litre from May 1

April 30, 2026April 30, 2026Mrs. Anjum Shahnawaz

ISLAMABAD, April 30, 2026: The government of Pakistan has increased petrol and diesel prices to nearly Rs400 per litre, with the revised rates taking effect from May 1, 2026, according to an official notification issued on Thursday.

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PM Sharif Parliament

Shehbaz Sharif Launches Rs3.2 Trillion Apna Ghar Housing Program

April 30, 2026April 30, 2026Mrs. Anjum Shahnawaz

Islamabad, April 30, 2026 — Shehbaz Sharif on Thursday launched a landmark five-year Rs3.2 trillion “Apna Ghar Program”, aimed at constructing 500,000 affordable homes across Pakistan for low-income citizens.

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