Karachi, June 17, 2025 – The Sindh government has officially presented the Sindh Finance Bill 2025, proposing a wide array of structural amendments to the Sindh Sales Tax on Services Act, 2011.
(more…)Author: Shahnawaz Akhter
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KSE-100 index falls by 254 points amid geopolitical uncertainty
Karachi, June 17, 2025 — The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) witnessed a notable decline on Tuesday, shedding 254 points as persistent geopolitical uncertainties rattled investor confidence.
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FBR deploys 60 third-party auditors to Pakistan Customs
Karachi, June 17, 2025 – The Federal Board of Revenue (FBR) has taken a significant step toward enhancing transparency and efficiency in trade-related audits by deploying 60 third-party auditors across Pakistan Customs.
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FDI drops to $1.98 billion in 11MFY25: SBP
Karachi, June 17, 2025 — The State Bank of Pakistan (SBP) has reported a decline in Foreign Direct Investment (FDI) during the first 11 months (July–May) of the fiscal year 2024-25.
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FBR issues SOPs for allocation of new cars
Karachi, June 17, 2025 – The Federal Board of Revenue (FBR) has issued a comprehensive set of Standard Operating Procedures (SOPs) to regulate the allocation, utilization, and management of new operational vehicles across its field formations.
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Pakistan records $1.81 billion current account surplus in 11MFY25
Karachi, June 17, 2025 – Pakistan has achieved a notable improvement in its external finances, reporting a current account surplus of $1.81 billion during the first 11 months (July–May) of the current fiscal year 2024–25.
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Sindh embraces UN CPC system for sales tax on services
Karachi, June 17, 2025 – In a significant move towards international standardization, the Sindh government has proposed adopting the Central Product Classification (CPC) coding system Version 2.1, as issued by the United Nations, for the administration of sales tax on services under the Sindh Finance Bill, 2025.
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Sindh abolishes five levies through provincial Finance Bill 2025
Karachi, June 17, 2025 – The Sindh government has proposed a major fiscal reform in its provincial budget for 2025-26 by abolishing five longstanding levies.
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Finance Bill 2025 restricts court stays on customs auctions
Karachi, June 17, 2025 – The Finance Bill 2025 has introduced significant amendments to the Customs Act, 1969, aimed at curbing unnecessary delays in the auction process of goods, particularly through the misuse of court stay orders.
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FBR to issue negative list of exempt services in Islamabad
Islamabad, June 17, 2025 – The Federal Board of Revenue (FBR) is set to issue a formal negative list identifying exempt services within the Islamabad Capital Territory for the upcoming fiscal year 2025-26.
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