Karachi, June 17, 2025 – The Federal Board of Revenue (FBR) has issued a comprehensive set of Standard Operating Procedures (SOPs) to regulate the allocation, utilization, and management of new operational vehicles across its field formations.
(more…)Author: Shahnawaz Akhter
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Pakistan records $1.81 billion current account surplus in 11MFY25
Karachi, June 17, 2025 – Pakistan has achieved a notable improvement in its external finances, reporting a current account surplus of $1.81 billion during the first 11 months (July–May) of the current fiscal year 2024–25.
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Sindh embraces UN CPC system for sales tax on services
Karachi, June 17, 2025 – In a significant move towards international standardization, the Sindh government has proposed adopting the Central Product Classification (CPC) coding system Version 2.1, as issued by the United Nations, for the administration of sales tax on services under the Sindh Finance Bill, 2025.
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Sindh abolishes five levies through provincial Finance Bill 2025
Karachi, June 17, 2025 – The Sindh government has proposed a major fiscal reform in its provincial budget for 2025-26 by abolishing five longstanding levies.
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Finance Bill 2025 restricts court stays on customs auctions
Karachi, June 17, 2025 – The Finance Bill 2025 has introduced significant amendments to the Customs Act, 1969, aimed at curbing unnecessary delays in the auction process of goods, particularly through the misuse of court stay orders.
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FBR to issue negative list of exempt services in Islamabad
Islamabad, June 17, 2025 – The Federal Board of Revenue (FBR) is set to issue a formal negative list identifying exempt services within the Islamabad Capital Territory for the upcoming fiscal year 2025-26.
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Business community disappointed as SBP maintains policy rate
Karachi, June 16, 2025 – Leading representatives of Pakistan’s business community have expressed strong disappointment over the State Bank of Pakistan’s (SBP) decision to maintain the policy rate at 11% in its latest monetary policy announcement.
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KSE-100 index rises slightly amid global market recovery
Karachi, June 16, 2025 – The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) edged higher on Monday, reflecting cautious optimism amid signs of global market stabilization.
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SBP directs exporters to submit revised declarations
Karachi, June 16, 2025 – In a move aimed at enhancing transparency and strengthening regulatory oversight, the State Bank of Pakistan (SBP) has issued new instructions requiring all exporters to submit updated declarations through the Pakistan Single Window (PSW) system.
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SBP maintains policy rate at 11% amid geopolitical conflict
Karachi, June 16, 2025 – The State Bank of Pakistan (SBP) has decided to maintain the policy rate unchanged at 11%, reflecting a cautious but steady approach toward monetary management amid rising geopolitical tensions. In its meeting on Monday, the SBP’s Monetary Policy Committee (MPC) concluded that the current policy rate remains appropriate to support macroeconomic stability and anchor inflation within the 5–7% target range.
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