KARACHI: Chief Collector of Customs Appraisement (South), Muhammad Jamil Nasir Khan, announced that the newly implemented Faceless Customs Assessment (FCA) System has drastically enhanced the efficiency of customs operations, reducing Goods Declaration (GD) clearance time from 109 hours to an average of just 18 hours—an 83% improvement.
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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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Gold Prices in Pakistan Near Record High, Surge by Rs 4,250
Karachi, January 22, 2025 – Gold prices in Pakistan soared on Wednesday, nearing their all-time high after witnessing a substantial increase of Rs 4,250 per tola. This surge reflects a broader trend influenced by movements in international bullion markets.
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Pakistan Faces Drought Threat Amid Rainfall Deficiency: PMD
Islamabad, January 22, 2025 – The Pakistan Meteorological Department (PMD) has issued a critical alert, warning of escalating drought conditions in several regions of the country. This warning follows the continuation of the Drought Advisory-I, which was issued on December 9, 2024, as recent rainfall has failed to significantly impact plain areas, thereby worsening the prevailing drought situation.
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Complaints Against FBR Surge 51% in 2024: FTO
Islamabad, January 21, 2025 – The Federal Tax Ombudsman (FTO) reported a significant 51% increase in complaints lodged against the Federal Board of Revenue (FBR) during 2024 compared to the previous year.
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Pakistan Grants Rs 91 Billion Income Tax Exemptions to Foreigners
Karachi, January 21, 2025 – Pakistan has provided a massive income tax exemption amounting to Rs 91 billion to foreign individuals and entities during a single tax year. This move highlights the country’s strategy to attract foreign investment and strengthen international partnerships.
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Pakistan’s Textile Exports Surpass $9 Billion in 1HFY25
Karachi, January 20, 2025 – Pakistan’s textile sector has achieved a significant milestone, recording over $9 billion in export earnings during the first half (July–December) of the current fiscal year 2024-25.
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Petroleum Products Drain Rs 1.42 Trillion in Taxes: FBR
Karachi, January 20, 2025 – The Federal Board of Revenue (FBR) has revealed a staggering Rs 1.42 trillion in sales tax exemptions granted to petroleum products, despite a significant decline in consumption over the past year.
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FBR Achieves Historic Milestone with 6 Million Active Taxpayers
Karachi, January 20, 2025 – The Federal Board of Revenue (FBR) has reached a significant achievement, with the number of active taxpayers in Pakistan surging to a record high of 6.07 million.
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New Tax Laws to Abolish Higher Tax Rates on Non-Filers
Islamabad, January 20, 2025 – The National Assembly is set to approve the “Tax Laws (Amendment) Bill, 2024,” which aims to overhaul the taxation regime by abolishing higher withholding tax rates for non-filers.
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FBR Acquires 5-Year Data on Car Purchases by Non-Filers
Karachi, January 19, 2025 – The Federal Board of Revenue (FBR) has acquired extensive data on car purchases made over the past five years to initiate a crackdown on individuals with taxable income who have failed to meet their tax obligations.
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