Lahore, December 30, 2025 — The Lahore Chamber of Commerce and Industry (LCCI) has raised serious concerns over the Federal Board of Revenue’s (FBR) decision to allow tax-free imports of more than 2,400 Chinese products through the Sost Customs Dry Port for exclusive consumption in Gilgit-Baltistan.
(more…)Author: Mrs. Anjum Shahnawaz
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Lady IRS officer dismissed from service on corruption charges
Islamabad, December 29, 2025 – A BS-18 lady officer of the Inland Revenue Service (IRS) has been dismissed from service after corruption and misconduct charges were proven against her, according to a notification issued by the Federal Board of Revenue (FBR).
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FIA intensifies crackdown on hawala and illegal currency exchange in 2025
ISLAMABAD, December 29, 2025 – The Federal Investigation Agency (FIA) has stepped up its nationwide action against hawala, hundi, and illegal currency exchange, seizing currency worth over Rs1.99 billion and arresting 667 suspects during 2025.
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PMD Forecasts Drizzle in Karachi on December 30
Islamabad, December 29, 2025 – The Pakistan Meteorological Department (PMD) has forecast light drizzle in Karachi on Tuesday, December 30, 2025, as weather conditions turn partly cloudy along Sindh’s coastal belt. The advisory comes as winter patterns continue to influence weather across much of the country.
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CEO of Bank of Punjab elected chairman of Pakistan Banks Association
Karachi, December 28, 2025 – The Pakistan Banks Association (PBA) has elected Zafar Masud, President and Chief Executive Officer of The Bank of Punjab, as its new Chairman, marking a significant leadership transition for the country’s banking industry.
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CCP highlights major achievements against cartelization in 2025
Islamabad, December 28, 2025 – The Competition Commission of Pakistan (CCP) recorded significant enforcement achievements in 2025 by taking decisive action against cartelization, price fixing, and other anti-competitive practices across multiple sectors of the economy. These efforts aimed to protect consumers, promote fair competition, and strengthen market transparency.
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LTO Lahore suspends four FBR officials for missing sugar mill monitoring duties
Islamabad, December 28, 2025 – The Large Taxpayers Office (LTO) Lahore has taken strict disciplinary action by suspending four Federal Board of Revenue (FBR) officials who were found absent from their assigned monitoring duties at sugar mills. The move reflects LTO Lahore’s commitment to maintaining strict oversight and ensuring full compliance with tax monitoring regulations.
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PMD issues alert for thunderstorms, rain and snowfall under new weather system
Islamabad, December 28, 2025 – The Pakistan Meteorological Department (PMD) has issued a nationwide weather advisory, warning of thunderstorms, rain, and snowfall across large parts of the country from next week due to a developing weather system.
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APTMA seeks winter waiver on CPP levy amid power shortages
The All Pakistan Textile Mills Association (APTMA) has urged the federal government to grant a temporary waiver on the levy imposed on Captive Power Plants (CPPs) during the winter season, citing severe electricity shortages that are disrupting industrial operations across the country.
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Quetta Customs seizes Rs317 million worth of smuggled goods
Quetta, December 27, 2025 – In a strong move against illicit trade, the Collectorate of Customs Enforcement Quetta has successfully conducted a series of anti-smuggling operations, resulting in the seizure of contraband goods valued at an estimated Rs317 million.
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