Karachi, February 17, 2025 – The Pakistan Business Council (PBC) has put forward a significant proposal to the Federal Board of Revenue (FBR), recommending that wealth reconciliation be made mandatory for all tax return filers.
(more…)Author: Shahnawaz Akhter
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PBC Urges FBR to Raise Refund Processing Limits for Exporters
Karachi, February 17, 2025 – The Pakistan Business Council (PBC) has urged the Federal Board of Revenue (FBR) to revise and increase the refund processing limits for exporters to facilitate business operations and improve liquidity.
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KSE-100 Index Declines 342 Points Amid Market Volatility
Karachi, February 17, 2025 – The Pakistan Stock Exchange (PSX) witnessed a turbulent trading session on Monday, as the benchmark KSE-100 index fell by 342 points amid fluctuating market sentiment.
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FBR Tightens POS Rules to Seal Tier-1 Retailer Outlets
Islamabad, February 17, 2025 – The Federal Board of Revenue (FBR) on Monday introduced stricter rules regarding the Point of Sale (POS) integration for Tier-1 retailers.
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FPCCI Applauds Separation of Tax Policy from FBR
Karachi, February 17, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has warmly welcomed the government’s decision to separate tax policy from the Federal Board of Revenue (FBR). This reform is seen as a critical step toward enhancing transparency, improving efficiency, and fostering economic growth.
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PBC Proposes 1% Corporate Tax Reduction for Listed Companies
Karachi, February 17, 2025 – The Pakistan Business Council (PBC) has proposed a 1% reduction in the corporate tax rate for listed companies with a minimum float of 25% in a given year.
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Karachi Customs Auctions Huge Lot of Used Vehicles on Feb 19
Karachi, February 17, 2025 – The Collectorate of Customs, Karachi, has announced a large-scale auction of used vehicles scheduled for February 19, 2025.
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FBR Reports 53% Surge in Salary Tax Collection During 7MFY25
Islamabad, February 16, 2025 – The Federal Board of Revenue (FBR) has reported a significant 53% surge in tax collection from the salaried class during the first seven months (July–January) of the fiscal year 2024-25.
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PKR to USD: Rupee Expected to Remain Stable Next Week
Karachi, February 16, 2025 – The Pakistani rupee is projected to maintain a largely stable position against the US dollar during the upcoming week starting February 17, 2025.
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Power of Customs Officer to Call for Documents
Karachi, February 16, 2025 – The Federal Board of Revenue (FBR) has granted customs officers the authority to request documents from importers or exporters concerning consignment clearance.
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