Karachi, March 6, 2025 – BankIslami Pakistan Limited has decided to challenge the imposition of windfall tax in the Supreme Court of Pakistan after its petition was dismissed by the Sindh High Court.
(more…)Author: Shahnawaz Akhter
-
KSE-100 Soars 1,459 Points as Global Oil Prices Plunge
Karachi, March 6, 2025 – The KSE-100 index of the Pakistan Stock Exchange (PSX) witnessed a significant surge on Thursday, gaining 1,459 points amid a sharp decline in international oil prices.
(more…) -
FBR Takes Major Action, Dismisses IR Inspector
Islamabad, March 6, 2025 – In a significant disciplinary action, the Federal Board of Revenue (FBR) has dismissed an Inland Revenue (IR) Inspector from service on charges of inefficiency and misconduct.
(more…) -
BMA Calls for Fresh KCCI Elections Within 60 Days
KARACHI: The Businessmen Alliance (BMA) has demanded fresh elections for the Karachi Chamber of Commerce & Industry (KCCI) within 60 days, following a decision by the Directorate General of Trade Organizations (DGTO) that nullified the incumbent body’s 2024-26 election results.
(more…) -
Banks Plan to Move Supreme Court on Windfall Tax
Karachi, March 6, 2025 – A group of banks in Pakistan is preparing to approach the Supreme Court to challenge the recent Sindh High Court decision regarding the windfall tax imposed on foreign exchange income.
(more…) -
Najeeb Memon Appointed as Official Spokesperson of FBR
Islamabad, March 5, 2025 – The Federal Board of Revenue (FBR) has officially designated Najeeb Ahmad Memon as its spokesperson, reinforcing its commitment to transparent communication and effective policy dissemination.
(more…) -
KTBA Calls for Immediate Appointment of Refund Commissioner
Karachi, March 5, 2025 – The Karachi Tax Bar Association (KTBA) has urged the Federal Board of Revenue (FBR) to take immediate action by appointing a Commissioner Inland Revenue at Zone-II, Corporate Tax Office (CTO), Karachi, to facilitate the efficient processing and timely issuance of refunds.
(more…) -
FPCCI Urges Massive Rate Cut Amid Record Low Inflation
Karachi, March 5, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has strongly called for a substantial reduction of 500 basis points in the benchmark policy rate, citing the lowest inflation levels recorded in nearly a decade.
(more…) -
SCB Pakistan Pays Rs59Bn Income Tax at 54.2% Corporate Rate
Karachi, March 5, 2025 – Standard Chartered Bank (SCB) Pakistan Limited announced on Wednesday that it paid Rs 59 billion in income tax for the calendar year 2024, reflecting a corporate tax rate of 54.2%.
(more…) -
Silkbank Faces Uncertainty as Auditors Raise Red Flags
Grant Thornton Anjum Rahman, a reputable firm of Chartered Accountants, has raised significant concerns regarding the financial viability of Silkbank Limited.
(more…)