Karachi, April 3, 2025 – Philip Morris (Pakistan) Limited has reported an exceptional 77.5% increase in turnover for the fiscal year ending December 31, 2024.
(more…)Author: Shahnawaz Akhter
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How Much Tax Do You Pay for Property Transactions in Karachi?
Karachi, April 1, 2025 – Property transactions in Karachi are subject to various tax regulations, making the process intricate for buyers and sellers alike.
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FBR Sets New Record with Surge in Active Taxpayers List
Karachi, April 1, 2025 – The Federal Board of Revenue (FBR) has achieved an unprecedented milestone by recording the highest-ever number of Active Taxpayers in Pakistan’s history.
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PKR to USD: Rupee Expected to Trade in a Limited Range
Karachi, March 30, 2025 – The Rupee is predicted to trade within a narrow range against the US dollar in the coming sessions, following the extended Eid holidays.
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PSX to Hold Only Two Weekly Trading Sessions After Eid-ul-Fitr
Karachi, March 30, 2025 – The Pakistan Stock Exchange (PSX) will conduct only two trading sessions in the week following Eid-ul-Fitr, as market activity remains limited due to public holidays.
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FBR Must Collect Rs 1.50 Trillion Monthly to Meet FY25 Target
Islamabad, March 30, 2025 – The Federal Board of Revenue (FBR) must achieve a monthly tax collection of Rs 1.50 trillion during the last quarter (April – June) to successfully meet its annual fiscal year 2024-25 target.
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Exporters Under FBR Lens Following Decline in Tax Collection
Karachi, March 29, 2025 – The Federal Board of Revenue (FBR) has initiated a thorough audit of exporters following a notable decline in income tax collection for February 2025.
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FBR Establishes Directorate for Special Customs Initiatives
Islamabad, March 28, 2025 – In a strategic move to strengthen revenue collection and combat illicit trade practices, the Federal Board of Revenue (FBR) has officially established the Directorate General of Special Initiatives – Customs.
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FBR Reports 503% Surge in CGT Collection in February 2025
Karachi, March 28, 2025 – The Federal Board of Revenue (FBR) has reported a remarkable 503% surge in capital gain tax (CGT) collection on a year-on-year (YoY) basis for February 2025, reflecting an unprecedented rise in market activity and investor participation.
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Pakistan Revises Customs Valuation for Manicure, Pedicure Sets
Karachi, March 28, 2025 – The Directorate General of Customs Valuation, Government of Pakistan, has issued a new Valuation Ruling No. 1986/2025, revising the customs values for manicure and pedicure sets under Section 25A of the Customs Act, 1969.
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