Karachi, February 13, 2025 – The Federal Board of Revenue (FBR) has officially issued a notification detailing the list of prohibited goods for foreign trade for the tax year 2025.
(more…)Author: Shahnawaz Akhter
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SBP Reports $252 Million Decline in Foreign Exchange Reserves
Karachi, February 13, 2025 — The State Bank of Pakistan (SBP) announced a decline of $252 million in its official foreign exchange reserves during the past week, highlighting ongoing external payment obligations.
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Meezan Bank Achieves 20% Annual Profit Growth for 2024
Karachi, February 13, 2025 – Meezan Bank Limited has reported an impressive 20% increase in its annual profit after tax for the fiscal year ending December 31, 2024.
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KTBA Raises Alarm Over Tax Turmoil for Salaried Class
Karachi, February 13, 2025 – The Karachi Tax Bar Association (KTBA) has called upon the Federal Board of Revenue (FBR) to immediately withdraw the show-cause notices served to salaried individuals regarding tax recoveries.
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PSO Registers 44% Profit Growth for Half-Year of FY25
Karachi, February 13, 2025 – Pakistan State Oil (PSO) has announced an impressive profit growth of over 44% for the half-year period spanning from July to December of the fiscal year 2024-25.
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FBR Updates Method for Zero-Rated Supplies to Duty-Free Shops
Karachi, February 12, 2025 – The Federal Board of Revenue (FBR) has introduced a detailed procedure governing zero-rated supplies to duty-free shops (DFS) across Pakistan.
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RTO Hyderabad Seals Famous Bakery for Issuing Fake Invoices
Hyderabad, February 12, 2025 – The Regional Tax Office (RTO) Hyderabad on Wednesday took decisive action against tax fraud by sealing three branches of a well-known bakery in Hyderabad for issuing fake invoices.
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KSE-100 Ends Mixed Amid MSCI Review, Market Volatility Persists
Karachi, February 12, 2025 – The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) experienced a mixed session on Wednesday as investors reacted to the latest MSCI review.
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SBP Announces Auction for Buyback of Government Securities
Karachi, February 12, 2025 – The State Bank of Pakistan (SBP) has officially announced an auction for the buyback of government securities. This initiative is part of SBP’s ongoing efforts to manage market liquidity and optimize the financial system.
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Non-Filers Drive 85% Spike in Car Buying
Karachi, February 11, 2025 – A massive increase of 85% was recorded in car buying during the month of January 2025, driven by fears of impending restrictions on non-filers of income tax returns.
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