Karachi, February 25, 2025 – The Federal Tax Ombudsman (FTO) has identified a staggering annual revenue loss of Rs 9.38 billion to the Federal Board of Revenue (FBR) due to discrepancies in the collection of electricity tax across the country.
(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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FBR Establishes Centralized Customs Examination Unit
Karachi, February 25, 2025 – The Federal Board of Revenue (FBR) has announced the establishment of a Centralized Customs Examination Unit (CEU) in Karachi to enhance the efficiency of customs operations, ensure transparency, and expedite the clearance of goods.
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OGDCL Discovers Oil and Gas in North Waziristan
Karachi, February 25, 2025 – The Oil and Gas Development Company Limited (OGDCL) has announced a significant discovery of oil and gas at the Exploratory Well Spinwam-1 in the Waziristan Block, situated in the North Waziristan District of Khyber Pakhtunkhwa Province.
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Tax Policy Will Not Limit to Mathematical Calculation: Aurangzeb
Karachi, February 24, 2025 – Finance Minister Muhammad Aurangzeb has emphasized that tax policy formulation should not be confined solely to mathematical calculations but must also consider the broader economic value.
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FPCCI Proposes Advance Tax Removal on First Property Purchase
Karachi, February 24, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has put forward a proposal urging the government to eliminate the advance tax levied on the first purchase of property.
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Pakistan, Azerbaijan Sign MOU for Joint Oil Trading Company
Karachi, February 24, 2025 – Pakistan and Azerbaijan have strengthened their energy sector collaboration by signing a Memorandum of Understanding (MOU) on Monday for the establishment of a joint oil trading company.
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KSE-100 Gains 1,529 Points in a Volatile Trading Session
Karachi, February 24, 2025 – The Pakistan Stock Exchange (PSX) witnessed a turbulent trading session on Monday, with the benchmark KSE-100 index surging by 1,529 points or 1.36%.
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Deadline Announced for January CGT Payment
Karachi, February 24, 2025 – The deadline for the payment of capital gains tax (CGT) on the disposal of shares at the Pakistan Stock Exchange (PSX) has been officially notified, urging all stakeholders to ensure compliance with the set timeline.
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FBR Collects Key Provincial Data to Expand Tax Base
Islamabad, February 23, 2025 – The Federal Board of Revenue (FBR) has collected crucial provincial data to broaden the tax base and identify high-net-worth individuals who may not be fully contributing to national revenue.
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Aurangzeb Assures Businesses of Fair Taxation
Islamabad, February 23, 2025 – Federal Finance Minister Muhammad Aurangzeb has reaffirmed the government’s commitment to fair taxation and essential economic reforms, assuring the business community that their concerns will be addressed transparently.
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