Due to taxation measures introduced in recent years, property buyers are facing significant challenges in the current market.
(more…)Author: Shahnawaz Akhter
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MTO Karachi Seals Hobnob Outlets for Sales Tax Fraud
Karachi, March 18, 2025 – The Medium Tax Office (MTO) Karachi has taken strict action against M/s. Hobnob, sealing three of its outlets for alleged sales tax fraud.
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Customs Issues Valuations for Ferro Manganese, Ferro Silicon
Karachi, August 12, 2025 – The Directorate General of Customs Valuation has issued a new Valuation Ruling No. 59/2025, revising the customs values of Ferro Manganese, Ferro Silicon, and Silico Manganese under Section 25A of the Customs Act, 1969.
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Presence of Illicit Cigarettes: A Failure of Authorities
The widespread availability of smuggled and illicit cigarettes in local markets highlights the failure of authorities responsible for curbing the illegal trade.
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Pakistan Revises Customs Valuation for Steel Wire, Wire Rod
Karachi, March 2025 – The Directorate General of Customs Valuation, Government of Pakistan, has issued new Valuation Rulings to revise the customs values of Non-Alloy Steel Wire and Iron or Non-Alloy Steel Wire Rod (Low/High Carbon).
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Pakistan’s Current Account Surplus Reaches $691M in 8MFY25
Karachi, March 17, 2025 – Pakistan’s current account remained in surplus, recording an impressive $691 million during the first eight months (July–February) of the ongoing fiscal year 2024-25, according to data released by the State Bank of Pakistan (SBP) on Monday.
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Mari Confirms Second Discovery in Spinwam-1 Well
Karachi, March 17, 2025 – Mari Energies Limited has announced its second significant gas and condensate discovery at the Spinwam-1 well in the Waziristan Block, reinforcing its commitment to Pakistan’s energy sector.
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KTBA Appeals for Sales Tax Deadline Shift Amid IRIS Issues
Karachi, March 17, 2025 – The Karachi Tax Bar Association (KTBA) has formally urged the Federal Board of Revenue (FBR) to extend the deadline for filing monthly sales tax returns due to ongoing technical issues with the IRIS portal.
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Pakistan Tax Blueprint for the Remainder of FY25
Islamabad, March 17, 2025 – The government of Pakistan has revised its tax collection target for the fiscal year 2024-25, adjusting it from PKR 12.97 trillion to PKR 12.35 trillion following negotiations with the International Monetary Fund (IMF).
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Pakistan Curbs Cigarette Consumption Through Strict Tax Policies
Karachi, March 16, 2025 – Pakistan has successfully achieved a significant reduction in cigarette consumption by implementing stringent taxation policies, marking a crucial step in its public health efforts.
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