Karachi, April 19, 2025 – A nationwide strike by goods transporters has severely disrupted Pakistan’s export sector, bringing the movement of key commodities—especially rice—to a grinding halt. The five-day strike has caused an estimated $20 million loss in rice exports alone, sparking alarm among exporters and industry leaders.
(more…)Author: Shahnawaz Akhter
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Check Your Duty Allowance on Remittances to Pakistan
Karachi, April 19, 2025 – In a move to encourage foreign inflows, the government of Pakistan has introduced substantial relief on remittances in the form of duty allowance for overseas Pakistanis who send money back home through official banking channels. The initiative aims to reward remitters by offering duty credit allowances tied to the amount remitted.
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ICMAP Recommends 10% Tax on High-Income Pensioners
Karachi, April 19, 2025 – The Institute of Cost and Management Accountants of Pakistan (ICMAP) has put forward a significant tax reform proposal, calling for the imposition of a 10% tax on high-income pensioners as part of its budget recommendations for the fiscal year 2025-26.
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Unlock Your Baggage Rights When Entering Pakistan
Karachi, April 19, 2025 – The Federal Tax Ombudsman (FTO) has issued a detailed information regarding the rights of passengers traveling to and from Pakistan, particularly concerning duty-free allowances available under the Baggage Rules, 2006.
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FBR Extends February, March Sales Tax Return Filing Deadline
Islamabad, April 18, 2025 – In a move to ease the pressure on taxpayers, the Federal Board of Revenue (FBR) has announced an extension of the deadline for filing monthly sales tax and federal excise returns for the periods of February and March 2025.
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Mobile Phones Drain Rs33 Billion Through Tax Waivers
Karachi, April 18, 2025 – The Federal Board of Revenue (FBR) has revealed that locally manufactured mobile phones benefited from a massive sales tax exemption totaling Rs33 billion in 2024, according to its latest tax expenditure report.
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KCCI Urges Prime Minister to End Prolonged Transporters’ Strike
Karachi, April 18, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has issued a pressing call for immediate intervention by Prime Minister Shehbaz Sharif to resolve the ongoing nationwide strike by transporters, which has entered its fourth consecutive day.
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FBR Cancels Saturdays Off, Intensifies Tax Collection
Islamabad, April 18, 2025: The Federal Board of Revenue (FBR) has officially announced that all its field formations will now observe Saturdays as regular working days until June 30, 2025.
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Pakistan Exports Sugar Worth $407 Million, Locals Pay More
Islamabad, April 18, 2025 – Pakistan has exported sugar worth $407 million during the first nine months (July to March) of the fiscal year 2024-25, marking a massive increase driven by rising international demand and favorable pricing.
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KCCI Urges Waiver of Factory Visit for Tax Exemption Certificates
Karachi, April 18, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has strongly recommended that the Federal Board of Revenue (FBR) waive mandatory factory visits for the issuance of income tax exemption certificates, citing disruptions to business operations and inefficiencies caused by the current procedures.
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