Karachi, June 13, 2025 – The Sindh government is all set to present its much-anticipated budget for the fiscal year 2025–26 in the Sindh Assembly today, with a total proposed outlay of Rs3.45 trillion.
(more…)Author: Shahnawaz Akhter
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FBR projects Rs56 billion revenue surge from bank deposit profits
Islamabad, June 13, 2025 — The Federal Board of Revenue (FBR) has projected an additional revenue of Rs56 billion following a significant change in the taxation of profits on bank deposits, as proposed in the Finance Bill 2025. These revisions, if approved by the National Assembly, will come into effect from July 1, 2025.
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FBR forms committees to address anomalies in Finance Bill 2025
Islamabad, June 13, 2025 — In a move aimed at resolving stakeholder concerns and ensuring clarity in tax proposals, the Federal Board of Revenue (FBR) has constituted two high-level committees to identify and remove anomalies in the Finance Bill 2025.
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FBR targets active KCCI member over offshore assets
Karachi, June 13, 2025 – In a stunning revelation that’s sending shockwaves through the business community, the Federal Board of Revenue (FBR) has placed a prominent and active member of the Karachi Chamber of Commerce and Industry (KCCI) under intense scrutiny over alleged offshore assets.
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FBR launches probe into foreign assets of former SBP governor
Karachi, June 13, 2025 – In a dramatic and high-stakes development, the Federal Board of Revenue (FBR) has initiated a sweeping investigation into the foreign assets of a former governor of the State Bank of Pakistan (SBP) — a figure who once held one of the most powerful economic positions in the country.
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LTO Karachi takes over tax assessment of Facebook
Karachi, June 12, 2025 – In a significant move, the Large Taxpayers Office (LTO) Karachi has been entrusted with the responsibility to evaluate and oversee the tax affairs of Facebook, the globally recognized social media and networking platform owned by the American tech giant Meta.
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SBP launches advanced PRISM+ system as part of Vision 2028
Karachi, June 12, 2025 – In a major stride towards modernizing Pakistan’s financial ecosystem, the State Bank of Pakistan (SBP) has officially announced the launch of its upgraded Real-Time Gross Settlement (RTGS) and Central Securities Depository (CSD) system, named PRISM+, effective June 16, 2025.
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Pakistan’s forex reserves climb $277 million in a week: SBP
Karachi, June 12, 2025 – Pakistan’s foreign exchange (forex) reserves witnessed a notable increase of $277 million during the week ended June 6, 2025, according to data released by the State Bank of Pakistan (SBP) on Thursday.
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SBP to announce monetary policy on June 16, 2025
Karachi, June 12, 2025 – The State Bank of Pakistan (SBP) has confirmed that it will unveil its next monetary policy decision on Monday, June 16, 2025. The Monetary Policy Committee (MPC) of the SBP will convene on the same day to deliberate on the interest rate stance, following which the central bank will issue a Monetary Policy Statement through an official press release.
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FPCCI warns against granting taxmen discretionary powers
Karachi, June 12, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has voiced serious concerns over the extensive powers granted to tax officials under the Finance Bill 2025.
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