Karachi, May 22, 2025 — In a major sign of an economic turning point, business confidence in Pakistan has rebounded dramatically, with optimism soaring across industries, according to the latest Business Confidence Index (BCI) Survey released by the Overseas Investors Chamber of Commerce and Industry (OICCI).
(more…)Author: Shahnawaz Akhter
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Explosive Expectations from Pakistan Budget 2025-26
As Pakistan gears up to unveil its Federal Budget 2025-26 on June 2, 2025, analysts are bracing for what could be a transformative fiscal document driven by International Monetary Fund (IMF) conditions, record-breaking debt obligations, and a widening tax net.
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ABAD proposes abolishing Section 7E – deemed property income
Karachi, May 22, 2025 – In a powerful and urgent appeal, the Association of Builders and Developers of Pakistan (ABAD) has demanded the immediate abolition of the controversial deemed income tax under Section 7E of the Income Tax Ordinance, 2001.
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Sindh notifies super tax rates on agricultural income
Karachi, May 22, 2025 – The Government of Sindh has officially notified the implementation of super tax rates on agricultural income, following the enactment of the Sindh Agricultural Income Tax Act, 2025.
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FBR seeks data on officials receiving both salary and pension
Islamabad, May 21, 2025 – The Federal Board of Revenue (FBR) has initiated a detailed investigation to identify federal officials who are simultaneously drawing a salary and pension.
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Pakistan slashes profit rates, shocks national savings investors
Karachi, May 21, 2025 – In a significant move impacting millions of small investors, Pakistan has sharply reduced the profit rates on various national saving instruments, bringing most returns down to single digits.
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SAI cheers Karachi’s leap toward water self-sufficiency
Karachi, May 21, 2025 – The Site Association of Industry (SAI) Karachi has declared the TP-1 and TP-3 recycled water treatment plants as transformative projects essential for achieving water self-sufficiency in the city’s largest industrial zone.
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FBR cracks down on 72 Pakistanis’ foreign income, assets secrets
Karachi, May 21, 2025 – In a bold and dramatic move, the Federal Board of Revenue (FBR) has zeroed in on 72 ultra-wealthy and influential individuals, launching a high-stakes investigation into their foreign income and offshore assets.
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KSE-100 index nears historic high amid strong market sentiment
Karachi, May 21, 2025 – The Pakistan Stock Exchange (PSX) witnessed another bullish session on Wednesday as the benchmark KSE-100 index surged, closing just below its all-time high.
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Banks advocate revisions in tax recovery from customer accounts
Karachi, May 21, 2025 – Banks in Pakistan have raised significant concerns regarding the existing framework for tax recovery enforced by the Federal Board of Revenue (FBR) on account holders.
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