Karachi, April 12, 2025 – The All Pakistan Motorcycle Spare Parts Importers and Dealers Association (MSPIDA) has announced its decision to launch a strong protest campaign against K-Electric due to ongoing, severe power outages that are crippling business activities in Karachi’s key motorcycle spare parts markets.
(more…)Author: Shahnawaz Akhter
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Government Plans Tax Relief Despite IMF-Driven Constraints
Karachi, April 12, 2025 – Special Assistant to Prime Minister (SAPM) for Industries and Production Division, Haroon Akhtar Khan, unveiled an ambitious plan to reduce Pakistan’s corporate tax burden despite the constraints posed by the International Monetary Fund (IMF) program.
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KCCI Proposes Allowing Gold Exports with 20% Value Addition
Karachi, April 12, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has urged the federal government to permit gold exports with at least 20% value addition, a move it believes will revitalize the stagnant precious metals sector and significantly boost export revenues.
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PSX Investors Monitor Trump’s Tariffs and Earnings Season
Karachi, April 12, 2025 – Investors at the Pakistan Stock Exchange (PSX) are bracing for another turbulent week ahead, as global economic tensions and local corporate earnings are expected to drive market sentiment.
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PSX Remains Volatile Amid Escalating Global Trade Tensions
Karachi, April 11, 2025 – The Pakistan Stock Exchange (PSX) witnessed another volatile session on Friday, as mounting global trade tensions and a sharp drop in international oil prices triggered widespread uncertainty in investor sentiment.
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FBR Issues Procedure for Integration into Digital Invoicing System
Islamabad, April 11, 2025 – The Federal Board of Revenue (FBR) has officially released a comprehensive procedure to facilitate the integration of businesses into its digital invoicing system, as part of its ongoing efforts to enhance transparency and compliance in the tax ecosystem.
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IRIS Glitches Prompt KCCI to Seek PM Shehbaz’s Intervention
Karachi, April 11, 2025 – Frustrated by persistent technical failures in the Federal Board of Revenue’s (FBR) IRIS portal, the Karachi Chamber of Commerce and Industry (KCCI) has formally appealed to Prime Minister Shehbaz Sharif for immediate intervention to address the growing tax compliance crisis facing the business community.
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KCCI Suggests Tax Exemption for Properties up to Rs 10 Million
Karachi, April 11, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has proposed a significant tax reform aimed at revitalizing the real estate sector by suggesting income tax exemption on immovable properties valued up to Rs 10 million.
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Top IRS Officer Dismissed Over Fraud, Misconduct Charges
Islamabad, April 11, 2025 – A senior officer of the Inland Revenue Service (IRS), holding the position of BS-20, has been awarded the major penalty of dismissal from service following a comprehensive disciplinary process.
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Salaried Class Demands Tax Burden Ease in Budget 2025-26
Karachi, April 10, 2025 – Pakistan’s salaried class has made an urgent appeal to the federal government to ease the growing tax burden in the upcoming Budget 2025–26, highlighting the financial pressures faced by wage earners amid high inflation and stagnant salaries.
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