Islamabad, February 11, 2025 – The Federal Board of Revenue (FBR) has amended the property valuation rates for Karachi, introducing a revised structure to ensure greater transparency in real estate assessments.
(more…)Author: Shahnawaz Akhter
-
IHC Voids ATIR Chairman’s Appointment, Orders Fresh Selection
Islamabad, February 11, 2025 – The Islamabad High Court (IHC) has nullified the appointment of the chairman of the Appellate Tribunal of Inland Revenue (ATIR) and instructed the authorities to appoint a new chairman under revised regulations.
(more…) -
SHC Reinstates Licenses of Suspended Customs Agents
Karachi, February 11, 2025 – The Sindh High Court (SHC) has overturned the suspension of multiple customs agents whose licenses had been revoked by the Federal Board of Revenue (FBR) over alleged manipulation of the faceless customs assessment system.
(more…) -
PSX Regains 113K Level as Bullish Trading Continues
Karachi, February 11, 2025 – The Pakistan Stock Exchange (PSX) maintained its bullish trading momentum on Tuesday, regaining the 113,000-point level amid strong investor confidence.
(more…) -
LTO Karachi Seals Zelbury Outlet for Issuing Unverified Invoices
Karachi, February 11, 2025 – The Large Taxpayers Office (LTO) Karachi has taken decisive action by sealing an outlet of Zelbury, a well-known online fashion shopping platform, for issuing unverified sales tax invoices.
(more…) -
FBR Updates Valuation Criteria for Sales Tax on Used Vehicles
Karachi, February 11, 2025 – The Federal Board of Revenue (FBR) has revised the valuation method for used vehicles concerning the calculation of sales tax.
(more…) -
KCCI Advocates Consumer Rights in Security Deposit Dispute
KARACHI: The Karachi Chamber of Commerce & Industry (KCCI) has strongly urged the National Electric Power Regulatory Authority (NEPRA) to put on hold the proposed hike in security deposit rates by Distribution Companies (DISCOs) until full transparency is ensured and an inclusive consultation process is undertaken with all stakeholders.
(more…) -
Workers’ Remittances Surge 32% in 7MFY25: SBP
Karachi, February 10, 2025 – The State Bank of Pakistan (SBP) reported on Monday that workers’ remittances have witnessed a significant surge of approximately 32% during the first seven months (July–January) of the fiscal year 2024-25, highlighting a robust inflow of foreign currency into the country.
(more…) -
KSE-100 Surges 1,055 Points Amid Reports of Tax Package Delay
Karachi, February 10, 2025 – The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) experienced a remarkable surge of 1,055 points on Monday, fueled by renewed investor confidence following reports that the government might postpone the introduction of a tax package for the real estate sector.
(more…) -
KTBA Calls for FBR to Limit Password Change Policy to Sales Tax
Karachi, February 10, 2025 – The Karachi Tax Bar Association (KTBA) has strongly recommended that the Federal Board of Revenue (FBR) confine its newly implemented password change policy to sales tax filers alone.
(more…)