Islamabad, February 26, 2025 – Pakistan has officially announced the Nisab of Zakat for the Zakat Year 1445-46 AH, setting it at Rs 179,689. The deduction of Zakat will take place on the first day of Ramadan, as per the notification issued by the Ministry of Poverty Alleviation and Social Safety.
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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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UBL Engages in Legal Tax Dispute with FBR
Karachi, February 26, 2025 – United Bank Limited (UBL) has disclosed an ongoing legal dispute with the Federal Board of Revenue (FBR) over tax-related matters.
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Pakistan Explores Crypto Adoption and Regulatory Frameworks
Islamabad, February 25, 2025 – Pakistan on Tuesday took a significant step towards exploring the adoption of crypto currencies, aligning itself with global best practices to modernize its financial landscape.
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FTO Uncovers Rs 9.38 Billion Annual Electricity Tax Loss
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.
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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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