Islamabad, February 20, 2025 – Finance Minister Muhammad Aurangzeb has underscored the urgent need to bring the undocumented economy into the tax net, warning that Pakistan can no longer afford to sustain “free riders” who evade taxation.
(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 Issues New Directives After Faulty Assessment Orders
Karachi, February 19, 2025 – The Federal Board of Revenue (FBR) has expressed serious concerns regarding the incompetence of Inland Revenue (IR) officers in issuing flawed assessment orders, which have led to an increase in frivolous litigation.
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Pakistan Gold Prices Hit All-time High of Rs 308,000 per Tola
Karachi, February 19, 2025 – Gold prices in Pakistan soared to an all-time high of Rs 308,000 per tola on Wednesday, driven by a sharp rally in the international bullion markets.
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High Salary Tax Rates Fuel Brain Drain: PBC
Karachi, February 18, 2025 – The Pakistan Business Council (PBC) has raised concerns over the high tax rates on salaried individuals, warning that these excessive rates are driving skilled professionals to seek opportunities abroad, resulting in a significant brain drain.
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Foreign Direct Investment in Pakistan Surges 56% in 7MFY25
Karachi, February 18, 2025 – The net inflow of Foreign Direct Investment (FDI) into Pakistan surged by over 56% during the first seven months (July – January) of the current fiscal year 2024-25, as reported by the State Bank of Pakistan (SBP) on Tuesday.
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Pakistan Records $682 Million Current Account Surplus in 7MFY25
Karachi, February 18, 2025 – Pakistan recorded a current account surplus of $682 million during the first seven months of the fiscal year 2024-25 (July–January), according to data released by the State Bank of Pakistan (SBP) on Tuesday.
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PBC Recommends Wealth Reconciliation Mandatory for All
Karachi, February 17, 2025 – The Pakistan Business Council (PBC) has put forward a significant proposal to the Federal Board of Revenue (FBR), recommending that wealth reconciliation be made mandatory for all tax return filers.
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FBR Tightens POS Rules to Seal Tier-1 Retailer Outlets
Islamabad, February 17, 2025 – The Federal Board of Revenue (FBR) on Monday introduced stricter rules regarding the Point of Sale (POS) integration for Tier-1 retailers.
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No Tax Amnesty for Property Transactions: FBR Chairman
Islamabad, February 16, 2025 – Rashid Mahmood Langrial, Chairman of the Federal Board of Revenue (FBR), has categorically denied any plans to introduce a tax amnesty scheme for property transactions.
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Punjab Leads Motor Vehicle Tax Collection for Half-Year FY25
Islamabad, February 16, 2025 – The province of Punjab has emerged as the leader in motor vehicle tax collection among all provinces in Pakistan during the first half of the fiscal year 2024-25.
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