Karachi, May 12, 2025 – The Pakistan Stock Exchange (PSX) witnessed its highest-ever single-day gain on Monday, surging by a massive 10,123 points as investor sentiment soared following the announcement of a ceasefire between Pakistan and India, along with the disbursement of funds from the International Monetary Fund (IMF).
(more…)Author: Shahnawaz Akhter
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KTBA urges government to abolish tax on NPOs surplus funds
Karachi, May 12, 2025 – The Karachi Tax Bar Association (KTBA) has called on the government to abolish the tax on surplus funds of Non-Profit Organizations (NPOs) in the upcoming federal budget for 2025–26.
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Morning trade: Rupee gains sharply against dollar amid ceasefire
Karachi, May 12, 2025 – The Pakistani rupee posted a notable recovery on Monday morning, appreciating by 31 paisas against the US dollar in the interbank market.
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PSX soars 8.84% at day break amid ceasefire euphoria
Karachi, May 12, 2025 – The Pakistan Stock Exchange (PSX) witnessed a historic surge on Monday morning, driven by jubilant investor sentiment following the announcement of a ceasefire agreement between Pakistan and India.
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OICCI proposes POS integration at airlines and travel agencies
Karachi, May 12, 2025 – The Overseas Investors Chamber of Commerce and Industry (OICCI) has recommended that the Federal Board of Revenue (FBR) install Point-of-Sale (POS) systems at all airlines and travel agencies in Pakistan, as part of its proposals for the upcoming 2025-26 federal budget.
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Pakistan may introduce capital value tax for crypto assets
Karachi, May 11, 2025 – Pakistan is likely to introduce a Capital Value Tax (CVT) on crypto assets held by resident citizens, as the government moves toward formalizing regulation for digital currencies.
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Motor vehicle tax collection in Pakistan jumps 58% in 9MFY25
Islamabad, May 11, 2025 – Pakistan has witnessed a significant surge in motor vehicle tax collection, which soared by 58% during the first nine months (July–March) of the ongoing fiscal year 2024-25, according to official data released by the Ministry of Finance.
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FBR advised to enforce mandatory return filing for professionals
Karachi, May 11, 2025 — The Federal Board of Revenue (FBR) has been strongly urged to implement compulsory income tax return filing for professionals across various sectors, particularly those affiliated with formal associations and professional bodies such as bar councils and trade organizations.
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Stable rupee expected amid IMF support, ceasefire optimism
Karachi, May 11, 2025 – The Pakistani rupee is projected to remain stable in the coming week, beginning May 12, following the International Monetary Fund’s (IMF) approval of a fresh loan tranche exceeding $1 billion.
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FBR considers possible tax cuts on immovable properties in budget
Islamabad, May 11, 2025 – The Federal Board of Revenue (FBR) is actively reviewing a proposal to revise the taxation structure on immovable properties in the upcoming federal budget for the fiscal year 2025-26. This move comes in response to persistent demands from real estate stakeholders and aims to stimulate investment while balancing revenue generation.
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