Karachi, December 30, 2025 – Gold prices in Pakistan witnessed a historic single-day decline on Tuesday, falling by Rs10,700 per tola amid a continuous downward trend in the local bullion market. This sharp drop marks the largest fall in gold rates in Pakistan in recent times.
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PM Shehbaz dismisses FBR’s BS-20 IRS officer over corruption charges
Islamabad, December 30, 2025 – Prime Minister Shehbaz Sharif has approved the dismissal of a BS-20 officer of the Inland Revenue Service (IRS) on proven corruption charges. The officer, Riaz Ali Shah, was serving as Chief (Accounting) in the Organizational Audit Wing of the Federal Board of Revenue (FBR), Islamabad, while posted in Karachi.
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Chinese Investor Consortium Condoles Passing of PSX Chairperson Dr. Shamshad Akhtar
Karachi, December 30, 2025 – The Chinese Investor Consortium, led by China Financial Future Exchange, has expressed deep sorrow and heartfelt condolences over the sad demise of Dr. Shamshad Akhtar, Chairperson of the Pakistan Stock Exchange (PSX). The consortium paid rich tribute to her outstanding leadership and lasting contributions to Pakistan’s capital markets.
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Met Office Forecasts Rain in Islamabad on December 31, 2025
Islamabad, December 30, 2025 – The Pakistan Meteorological Department (PMD) has forecast rainy and cloudy weather in Islamabad on Wednesday, December 31, 2025, as a westerly weather system continues to influence large parts of the country. The outlook is important for residents, travelers, and authorities as weather conditions may affect daily routines and traffic.
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Daily Shipping Operations at Port Qasim – December 30, 2025
Karachi, December 30, 2025 – The Port Qasim Authority (PQA) on Tuesday released its daily shipping operations update to keep shipping lines, terminal operators, importers, exporters, and other stakeholders informed about vessel movements at the port. The update reflects maritime activity recorded during the last 24 hours and was issued at 8:00 AM Pakistan Standard Time (PST).
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Latest Currency Exchange Rates in Pakistan – December 30, 2025
Karachi, December 30, 2025 – Exchange companies across Pakistan have released the latest open market currency exchange rates for Tuesday to facilitate the general public, importers, exporters, and overseas Pakistanis. These rates reflect prevailing demand and supply conditions in the foreign exchange market and are widely used for cash transactions.
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Pakistan likely to reduce petrol and diesel prices from January 1, 2026
Pakistanis are expected to welcome the New Year with a reduction in fuel prices as global petroleum rates continue to decline.
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Who Can Represent You Before FBR in Tax Year 2026
Navigating the Federal Board of Revenue (FBR) procedures can be complex, and often taxpayers require a representative to act on their behalf. Section 172 of the Income Tax Ordinance, 2001 clearly outlines who can legally represent you in Pakistan for tax year 2026.
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How Much FBR Will Pay for Delayed Refunds in Tax Year 2026
Are you a taxpayer in Pakistan waiting for a refund from the Federal Board of Revenue (FBR)? If your refund is delayed, the FBR is responsible for paying an additional amount as compensation. Understanding Section 171 of the Income Tax Ordinance, 2001 will help you know your rights and how much you can claim for delayed refunds in tax year 2026.
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Eligibility for Income Tax Refunds in Pakistan – Tax Year 2026
If you are a taxpayer in Pakistan and have paid more tax than you were liable for, you may be eligible to claim an income tax refund from the Federal Board of Revenue (FBR) in tax year 2026. Understanding the rules and procedures under Section 170 of the Income Tax Ordinance, 2001 will help you ensure a smooth refund process.
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