Islamabad, February 21, 2025 – Inflation continues to rise sharply ahead of the holy month of Ramadan, with sugar prices reaching Rs 155.27 per kilogram. The latest figures from the Pakistan Bureau of Statistics (PBS) show that the Sensitive Price Indicator (SPI) recorded a 0.27% increase for the week ending February 20, 2025, compared to the previous week.
(more…)Author: Shahnawaz Akhter
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Property Tax Collection Rises to Rs 130B Amid Policy Changes
Islamabad, February 21, 2025 – Pakistan’s tax collection from property transactions has surged to Rs 130 billion during the first seven months (July–January) of the fiscal year 2024-25, according to sources within the Federal Board of Revenue (FBR).
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Foreign Banks Withdraw $165 Million from Pakistan
Karachi, February 21, 2025 – Foreign banks operating in Pakistan have repatriated a substantial amount of $165 million in profits and dividends during the first seven months (July–January) of the fiscal year 2024-25, according to a report released by the State Bank of Pakistan (SBP).
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FBR Misses Deadline for Notifying 2025 Income Tax Return Forms
Karachi, February 20, 2025 – The Federal Board of Revenue (FBR) has failed to meet the deadline for notifying the finalized FBR return forms for income tax year 2025, raising concerns among taxpayers and experts regarding compliance and regulatory adherence.
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SHC Upholds Windfall Tax, Denies Suspension Request
Karachi, February 20, 2025 – The Sindh High Court (SHC) has rejected petitions seeking interim relief against the imposition of the Windfall Income Tax, upholding the legal standing of the controversial levy.
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PSX Gains 397 Points as Investor Confidence Strengthens
Karachi, February 20, 2025 — The Pakistan Stock Exchange (PSX) witnessed a positive trading session on Thursday, as the benchmark KSE-100 index recorded a significant gain of 397 points. This upward movement was attributed to growing investor confidence, fueled by the release of robust corporate earnings reports.
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PBC Urges Phasing Out of Minimum Turnover Tax
Karachi, February 20, 2025 – The Pakistan Business Council (PBC) has urged the Federal Board of Revenue (FBR) to gradually eliminate the minimum turnover tax in the federal budget for the fiscal year 2025-26.
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Shell Pakistan Reports 44% Dip in Annual Profit Amid High Taxes
Karachi, February 20, 2025 – Shell Pakistan, now rebranded as Wafi Energy Pakistan Limited, has reported a 44% drop in annual profit for the financial year ending December 31, 2024.
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FBR Issues New Directives After Faulty Assessment Orders
Karachi, February 19, 2025 – The Federal Board of Revenue (FBR) has expressed serious concerns regarding the incompetence of Inland Revenue (IR) officers in issuing flawed assessment orders, which have led to an increase in frivolous litigation.
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KSE-100 Index Gains 254 Points Amid Strong Corporate Results
Karachi, February 19, 2025 – The KSE-100 index, the benchmark of the Pakistan Stock Exchange (PSX), extended its bullish momentum on Wednesday, gaining 254 points as strong corporate earnings lifted investor confidence.
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