Karachi, April 7, 2025 – The SITE Association of Industry (SAI) has strongly urged the federal government to eliminate the long-standing disparity in electricity tariffs between Karachi and other cities.
(more…)Author: Shahnawaz Akhter
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PSX Market Crash: Losses Trimmed to 3.27% After Lower Lock
Karachi, April 7, 2025 – The Pakistan Stock Exchange (PSX) witnessed an intense selloff on Monday, with the market initially hitting the lower lock limit, falling more than 5%.
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KTBA Raises Red Flags on 8-Digit HS Code and UoM Compliance
The Karachi Tax Bar Association (KTBA) has raised serious concerns regarding the Federal Board of Revenue’s (FBR) mandate requiring the declaration of eight-digit Harmonized System (HS) Codes and specific Units of Measurement (UoM) in sales tax returns.
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PSX Officially Announces Trading Halt After Hitting Lower Cap
Karachi, April 7, 2025 — The Pakistan Stock Exchange (PSX) officially triggered a market halt on Monday after the KSE-100 Index fell by more than 5%, sparking a wave of concern across financial circles.
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PSX Crashes and Trading Halts After Falling More Than 5%
Karachi, April 7, 2025 — The Pakistan Stock Exchange (PSX) suffered a major jolt on Monday as panic gripped investors, leading to a sharp crash in share prices and a temporary halt in trading activity.
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PSX Plunges 4,257 Points in Bloodbath After Global Decline
Karachi, April 7, 2025 — The Pakistan Stock Exchange (PSX) witnessed a devastating start to the trading week as global market turmoil spilled over into local equities, triggering a steep decline of 4,257 points in the benchmark KSE-100 Index. The index plummeted by 3.58%, marking one of the sharpest single-day losses in recent months.
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Cigarette, Pharma Distributors Receive Rs14.53Bn Tax Relief: FBR
Karachi, April 6, 2025 – In a striking revelation, the Federal Board of Revenue (FBR) has disclosed that distributors of cigarette and pharmaceutical products received a staggering Rs14.53 billion in tax concessions during the last fiscal year.
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UBG Demands Immediate Cut in Oil Prices Amid Global Drop
KARACHI, April 6, 2025 – The United Business Group (UBG) has strongly urged the government to bring down petroleum prices in Pakistan, aligning them with the recent global decline in crude oil prices.
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Pakistan Updates Customs Valuation for Fresh Dates
KARACHI, April 5, 2025 — The Directorate General of Customs Valuation in Pakistan has issued a revised valuation ruling for imported dates, revising previously set customs values in light of new data and market assessments.
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PTC Highlights TTS Failures in Tackling Illicit Tobacco Trade
Pakistan Tobacco Company (PTC) has expressed concerns that the implementation of the Track and Trace System (TTS) has not been effective in curbing the illicit trade of cigarettes as originally intended.
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