Karachi, March 20, 2025 – Pakistan’s foreign exchange reserves saw an increase of $187 million over the past week, according to the latest data released by the State Bank of Pakistan (SBP) on Thursday. The rise in reserves signals improved financial stability, offering some relief amid external economic challenges.
(more…)Author: Shahnawaz Akhter
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IRIS Errors Disrupt Sales Tax Filing as Deadline Passes
Karachi, March 20, 2025 – A significant number of taxpayers have struggled to comply with the filing of their sales tax returns for February 2025 due to persistent technical issues on the IRIS portal.
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PSX Extends Rally, KSE-100 Hits Record 118,770 Points
Karachi, March 20, 2025 – The Pakistan Stock Exchange (PSX) continued its bullish streak on Thursday, with the benchmark KSE-100 Index reaching an all-time high of 118,770 points.
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RTO Hyderabad Seals Super Mart for Issuing Fake Invoices
Hyderabad, March 20, 2025 – The Regional Tax Office (RTO) Hyderabad has taken strict action against tax evasion by sealing a prominent supermarket for non-compliance with point of sale (POS) regulations. This decisive move underscores the authorities’ commitment to enforcing transparency and accountability in retail transactions across Hyderabad.
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Chief Commissioner Under Scrutiny as SHC Freezes Tax Order
Karachi, March 18, 2025 – The Sindh High Court (SHC) has suspended a sales tax suspension order while expressing concerns over the conduct of the Chief Commissioner of Inland Revenue, Karachi.
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MoC Suspends DGTO Orders Against KCCI Elections
Islamabad, March 19, 2025 – The Ministry of Commerce (MoC) has suspended the Directorate General of Trade Organizations’ (DGTO) order regarding the Karachi Chamber of Commerce and Industry (KCCI) elections until the next hearing scheduled for April 10, 2025.
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Profit Repatriation from Pakistan Surges 104% in 8MFY25
Karachi, March 19, 2025 – The State Bank of Pakistan (SBP) reported on Wednesday that profit and dividend repatriation from Pakistan witnessed a significant surge of 104% during the first eight months (July–February) of the fiscal year 2024-25.
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KCCI Seeks Extension to Membership Renewal Amid Eid Holidays
Karachi, March 19, 2025 – The Karachi Chamber of Commerce & Industry (KCCI) has officially requested an extension for the membership renewal deadline, citing disruptions caused by the upcoming Eid ul Fitr holidays.
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KSE-100 Index Hits Record High of 117,974 Points
Karachi, March 19, 2025 – The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) surged to an all-time high of 117,974 points on Tuesday, reflecting strong market sentiment and robust investor confidence amid improved economic indicators.
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FBR Enforces Strict Penalty on Karachi Customs Appraiser
Islamabad, March 19, 2025 – The Federal Board of Revenue (FBR) has imposed a major penalty on a customs officer of BS-17, ordering his compulsory retirement after he was found guilty of theft and unauthorized removal of seized goods.
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