Karachi, February 24, 2025 – The deadline for the payment of capital gains tax (CGT) on the disposal of shares at the Pakistan Stock Exchange (PSX) has been officially notified, urging all stakeholders to ensure compliance with the set timeline.
(more…)Author: Shahnawaz Akhter
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FPCCI Recommends Significant Reduction in Customs Duties
Karachi, February 24, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has strongly advocated for a substantial reduction in customs duties in the upcoming budget 2025-26.
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Tax Collection from Retailers Surges 98% in 7MFY25
Islamabad, February 22, 2025 – Tax collection from retailers has witnessed an unprecedented increase of 98% during the first seven months (July – January) of the ongoing fiscal year 2024-25, according to sources from the Federal Board of Revenue (FBR). This significant rise highlights the growing tax compliance and enforcement measures implemented in recent months.
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PSX Investors to Monitor IMF Meeting Outcome
Karachi, February 22, 2025 – Investors at the Pakistan Stock Exchange (PSX) are closely monitoring developments related to upcoming meetings between government authorities and the International Monetary Fund (IMF).
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SBP Issues Criteria for Raast Participation
Karachi, February 22, 2025 – The State Bank of Pakistan (SBP) has officially released the criteria for participation in Raast, the country’s instant payment system designed to facilitate secure and efficient digital fund transfers.
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PTBA Urges CJP to Implement Video Link Facility for Tax Cases
Karachi, February 22, 2025 – The Pakistan Tax Bar Association (PTBA) has formally appealed to the Chief Justice of Pakistan, Justice Yahya Afridi, to introduce a video link conference facility at all high courts to facilitate taxpayers in tax-related legal proceedings.
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Banks Pay Rs 25 Billion Windfall Tax After Petition Dismissal
Islamabad – Banks have collectively remitted Rs 25 billion in windfall tax to the Federal Board of Revenue (FBR) following the dismissal of their petition by the Sindh High Court (SHC), official sources disclosed on Friday.
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PSX Declines 938 Points Amid Weekend Profit-Taking
Karachi, February 21, 2025 – The Pakistan Stock Exchange (PSX) experienced a significant downturn on Friday, with the benchmark KSE-100 index losing 938 points, or 0.82%, as investors opted for profit-taking ahead of the weekend.
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Pakistan Customs Revises Valuation for Multimedia Projectors
Karachi, February 21, 2025 – Pakistan Customs has announced revised valuation for imported multimedia projectors to ensure fair assessment of duties and taxes.
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SCBPL 2024 Earnings: Rs 46B Profit, Rs 54.5B Tax Paid
Karachi, February 21, 2025 – Standard Chartered Bank (Pakistan) Limited (SCBPL) has reported a remarkable annual profit after tax of Rs 46.06 billion for the financial year ending December 31, 2024, despite a substantial tax payment amounting to Rs 54.55 billion.
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