Islamabad, February 7, 2025 – The Sensitive Price Indicator (SPI) inflation witnessed a moderate decline of 0.21% for the week ending February 6, 2025, offering slight relief to consumers amid broader economic challenges.
(more…)Author: Shahnawaz Akhter
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APCCA Takes Trade Bodies On-Board to Halt Customs Operations
KARACHI: The All Pakistan Customs Agents Association (APCCA) has announced its decision to suspend import and export clearance services across Pakistan within the next 15 days, a move that threatens to paralyze the country’s trade operations.
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KSE-100 Losing Streak Extends to Third Day, 1,634 Points Lost
Karachi, February 6, 2025 – The Pakistan Stock Exchange (PSX) witnessed a tumultuous week, with the benchmark KSE-100 index extending its losing streak for a third consecutive session.
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FBR Updates Extra Tax Collection Procedure from Non-ATL Users
Karachi, February 6, 2025 – The Federal Board of Revenue (FBR) has introduced updated procedures for collecting extra sales tax from electricity and gas consumers who are not listed on the Active Taxpayers List (ATL).
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Pensioners avail Rs 43.61 billion income tax exemption: FBR
Karachi, February 5, 2025 – Pensioners in Pakistan have benefitted from a tax exemption amounting to Rs 43.61 billion on their income within a year, according to official documents.
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Pakistan Customs Issues Valuation for Lithium-Ion Batteries
Karachi, February 4, 2025 – The Directorate General of Valuation of Pakistan Customs has issued a new valuation ruling for determining duties and taxes on the import of lithium-ion batteries, aiming to curb under-invoicing and ensure fair taxation.
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APCCA warns shutdown, FBR remains resolute on faceless system
Karachi, February 4, 2025 – The ongoing standoff between the Federal Board of Revenue (FBR) and the All Pakistan Customs Clearing Agents Association (APCCA) has reached a critical juncture, with the customs sector facing potential paralysis if the government does not address APCCA’s demands. As tensions escalate, the question remains whether authorities will engage in negotiations or maintain their rigid stance against the association’s ultimatum.
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KATI welcomes agricultural income tax bill approval in Sindh
Karachi, February 4, 2025 – The Korangi Association of Trade and Industry (KATI) has expressed strong support for the Sindh government’s approval of the Agricultural Income Tax (AIT) Bill, calling it a major step toward expanding the province’s tax base and fostering a more equitable tax distribution system.
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FBR unveils duty-free vehicle import scheme for Gwadar
Karachi, February 4, 2025 – The Federal Board of Revenue (FBR) has announced a major step to support the construction, development, and operations of Gwadar Port and the Gwadar Free Zone Area by allowing the duty and tax-free import of vehicles by concession holders and their operating companies.
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PSX suffers 810-point drop over property tax talk
Karachi, February 4, 2025 – The Pakistan Stock Exchange (PSX) faced further losses on Tuesday, shedding 810 points amid growing concerns over anticipated tax concessions for the property sector.
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