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.
(more…)Author: Shahnawaz Akhter
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SBP Reports $173M Weekly Rise in Pakistan’s Forex Reserves
Karachi, April 10, 2025 – The State Bank of Pakistan (SBP) announced on Thursday that the country’s foreign exchange (forex) reserves rose by $173 million during the week ending April 4, 2025.
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ICMA Evaluates U.S. Tariffs’ Impact on Pakistan’s Exports
Karachi, April 10, 2025 – The Institute of Cost and Management Accountants of Pakistan (ICMA) has released a comprehensive report analyzing the implications of the newly imposed 29% reciprocal tariff by the United States on Pakistan’s exports, with a particular focus on the textile industry.
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PSX Jumps 2,036 Points on Global Markets Rebound
Karachi, April 10, 2025 – The Pakistan Stock Exchange (PSX) witnessed a remarkable rebound on Thursday, as the benchmark KSE-100 index soared by 2,036 points, driven by a broad-based recovery in global equity markets and improved investor confidence.
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KCCI Calls for Tax Reforms to Revive Real Estate Sector
Karachi, April 10, 2025 — The Karachi Chamber of Commerce and Industry (KCCI) has urged the government to simplify taxation policies for Pakistan’s real estate sector, aiming to restore investor confidence and stimulate economic activity ahead of the federal budget for 2025-26.
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PPL Expands Barytes Project with New Agreement in Balochistan
Karachi, April 10, 2025 — Pakistan Petroleum Limited (PPL) has taken a major step forward in expanding its mining footprint in Balochistan, announcing the execution of Amendment No. 1 to the Operating Agreement for its Barytes Project.
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SRB Revises Sindh Sales Tax Rules for Food Delivery Platforms
Karachi, April 9, 2025 – The Sindh Revenue Board (SRB) has announced significant amendments to the Sindh Sales Tax (SST) Special Procedure (Collection Agent) Rules, 2024, aimed specifically at food delivery platforms operating within the province.
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FBR Issues New Reward Rules for Officers Amid Criticism
Islamabad, April 9, 2025 – The Federal Board of Revenue (FBR) on Wednesday introduced new reward rules for officers within the Inland Revenue Service (IRS) and Pakistan Customs Service (PCS), but the move has been met with significant criticism from field formations.
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FBR Extends Sales Tax Return Deadline for February to April 13
Islamabad, April 9, 2025 – The Federal Board of Revenue (FBR) has announced an extension in the deadline for filing sales tax and federal excise return for the tax period of February 2025.
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Italy Aims to Double Trade with Pakistan, Eyes Deeper Ties
Karachi, April 9, 2025 — Italy has expressed a strong desire to significantly enhance economic, trade, and investment cooperation with Pakistan, with an ambitious target to double the current bilateral trade volume to US$3 billion in the coming years.
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