Karachi, March 4, 2025 – The Union of Small and Medium Enterprises (UNISAME) has urged the government to resolve the ongoing sales tax disputes related to net metering, which are adversely affecting small and medium enterprises (SMEs) investing in solar energy.
(more…)Author: Shahnawaz Akhter
-
KCCI Elections Annulled by DGTO, Fresh Polls Ordered
Karachi, March 4, 2025 – The Directorate General of Trade Organizations (DGTO) has declared the elections of the Karachi Chamber of Commerce and Industry (KCCI) for the term 2024-26 as null and void due to serious legal objections raised by a complainant.
(more…) -
FBR Forms Monitoring Committee to Oversee ICTE
Islamabad, March 4, 2025 – The Federal Board of Revenue (FBR) has officially constituted a monitoring committee to supervise the establishment and operations of the International Center for Tax Excellence (ICTE).
(more…) -
Gatron Challenges Supreme Court Ruling in Tax Credit Case
Karachi, March 4, 2025 – Gatron (Industries) Limited has filed a review petition against the recent Supreme Court of Pakistan ruling in the tax credit case, aiming to secure its claim over investment-related tax benefits.
(more…) -
NBP Successfully Absorbs Rs68Bn Pension Expenses: Chairman
Karachi, March 4, 2025 – The National Bank of Pakistan (NBP) has successfully managed an extraordinary pension expense of Rs 68 billion without compromising its financial stability, according to Chairman Ashraf Mahmood Wathra.
(more…) -
Pakistan’s Trade Deficit Expands by 6.33% in 8MFY25
Islamabad, March 3, 2025 – Pakistan’s trade deficit has expanded by 6.33% during the first eight months (July – February) of the fiscal year 2024-25, according to data released by the Pakistan Bureau of Statistics (PBS) on Monday.
(more…) -
Pakistan’s Headline Inflation Declines to 1.5% in February 2025
Islamabad, March 3, 2025 – Pakistan’s headline inflation, measured through the Consumer Price Index (CPI), recorded a decline to 1.5% on a year-on-year (YoY) basis in February 2025, compared to 2.4% in the previous month and a significantly higher 23.1% in February 2024. This decline in headline inflation suggests a notable easing in price pressures, reflecting improved economic stability.
(more…) -
Allied Bank Discloses Tax Contingencies Up to CY24
Karachi, March 3, 2025 – Allied Bank Limited (ABL) has provided detailed disclosures regarding its tax contingencies for the calendar year 2024 through the transmission of its annual financial statement on Monday.
(more…) -
KSE-100 Falls 1.12% Amid Lack of Market Triggers
Karachi, March 3, 2025 – The KSE-100 index of the Pakistan Stock Exchange (PSX) witnessed a sharp decline of 1.12% on Monday, as investor sentiment remained subdued due to the absence of strong market triggers.
(more…) -
FBR Collects Rs 5.71 Billion Advance Tax on Cash Withdrawals
Islamabad, March 3, 2025 – The Federal Board of Revenue (FBR) has successfully collected Rs 5.71 billion as advance tax on cash withdrawals during the first seven months (July–January) of the current fiscal year 2024-25. This tax applies to individuals making large cash withdrawals from banks who are not listed on the Active Taxpayers’ List (ATL).
(more…)