Karachi, April 8, 2025 – In a decisive move to enforce tax regulations, the Medium Tax Office (MTO Karachi) has sealed an outlet of Divago, a prominent pharmacy chain in Pakistan, due to its failure to integrate its Point of Sale (POS) system with the Federal Board of Revenue (FBR).
(more…)Author: Shahnawaz Akhter
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SAI Demands End to Discriminatory Electricity Tariff in Karachi
Karachi, April 7, 2025 – The SITE Association of Industry (SAI) has strongly urged the federal government to eliminate the long-standing disparity in electricity tariffs between Karachi and other cities.
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PSX Market Crash: Losses Trimmed to 3.27% After Lower Lock
Karachi, April 7, 2025 – The Pakistan Stock Exchange (PSX) witnessed an intense selloff on Monday, with the market initially hitting the lower lock limit, falling more than 5%.
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KTBA Raises Red Flags on 8-Digit HS Code and UoM Compliance
The Karachi Tax Bar Association (KTBA) has raised serious concerns regarding the Federal Board of Revenue’s (FBR) mandate requiring the declaration of eight-digit Harmonized System (HS) Codes and specific Units of Measurement (UoM) in sales tax returns.
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PSX Officially Announces Trading Halt After Hitting Lower Cap
Karachi, April 7, 2025 — The Pakistan Stock Exchange (PSX) officially triggered a market halt on Monday after the KSE-100 Index fell by more than 5%, sparking a wave of concern across financial circles.
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PSX Crashes and Trading Halts After Falling More Than 5%
Karachi, April 7, 2025 — The Pakistan Stock Exchange (PSX) suffered a major jolt on Monday as panic gripped investors, leading to a sharp crash in share prices and a temporary halt in trading activity.
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PSX Plunges 4,257 Points in Bloodbath After Global Decline
Karachi, April 7, 2025 — The Pakistan Stock Exchange (PSX) witnessed a devastating start to the trading week as global market turmoil spilled over into local equities, triggering a steep decline of 4,257 points in the benchmark KSE-100 Index. The index plummeted by 3.58%, marking one of the sharpest single-day losses in recent months.
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Cigarette, Pharma Distributors Receive Rs14.53Bn Tax Relief: FBR
Karachi, April 6, 2025 – In a striking revelation, the Federal Board of Revenue (FBR) has disclosed that distributors of cigarette and pharmaceutical products received a staggering Rs14.53 billion in tax concessions during the last fiscal year.
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UBG Demands Immediate Cut in Oil Prices Amid Global Drop
KARACHI, April 6, 2025 – The United Business Group (UBG) has strongly urged the government to bring down petroleum prices in Pakistan, aligning them with the recent global decline in crude oil prices.
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Pakistan Updates Customs Valuation for Fresh Dates
KARACHI, April 5, 2025 — The Directorate General of Customs Valuation in Pakistan has issued a revised valuation ruling for imported dates, revising previously set customs values in light of new data and market assessments.
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