Karachi, February 4, 2025 – The Karachi Tax Bar Association (KTBA) has proposed comprehensive solutions to resolve the persistent issues taxpayers face while filing sales tax returns.
(more…)Author: Shahnawaz Akhter
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PM task force recommends amnesty for property transactions
Islamabad, February 4, 2025 – A high-level task force established by Prime Minister Mohammad Shehbaz Sharif has put forward significant recommendations aimed at revitalizing the real estate sector by introducing an amnesty on property transactions.
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Cement offtake surges 14.08% year-on-year in January 2025
February 3, 2025 – The cement industry in Pakistan experienced significant growth in January 2025, with total cement despatches increasing by 14.08% compared to the same month last year, according to data released by the All Pakistan Cement Manufacturers Association (APCMA).
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PCDMA highlights complexities in SRO 55 issued by FBR
Karachi, February 3, 2025 – The Pakistan Chemical and Dyes Merchants Association (PCDMA) has expressed concerns over the complexities arising from SRO 55(I)/2025, issued by the Federal Board of Revenue (FBR), and its potential impact on traders.
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Pakistan’s exports surge 10% to $19.55 billion 7MFY25
Islamabad, February 3, 2025 – Pakistan’s exports have experienced a significant boost, rising by 10% to reach $19.55 billion during the first seven months (July – January) of fiscal year 2024-25, according to data released by the Pakistan Bureau of Statistics (PBS) on Monday.
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FPCCI supports proposed tax package for property sector
Karachi, February 3, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has extended its full support to the proposed tax package for the property sector, emphasizing its potential to stimulate housing and construction activities across the country.
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KSE-100 plunges 1.32% amid concerns over property tax package
Karachi, February 3, 2025 – The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) witnessed a sharp decline on Monday, shedding 1,511 points, or 1.32%, as investors reacted negatively to concerns surrounding a potential tax package for the property sector.
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Pakistan’s inflation hits 111-month low at 2.4% in January
Islamabad, February 3, 2025 – Pakistan’s headline inflation based on the Consumer Price Index (CPI) dropped to 2.4% in January 2025, marking the lowest level in 111 months.
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APCAA warns of countrywide halt in customs clearance operations
Karachi, February 3, 2025 – The All Pakistan Customs Agents Association (APCAA) has issued a stern warning to halt all customs clearance operations across the country in response to the suspension of its members’ licenses.
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FBR updates sales tax exemption procedure
Karachi, February 3, 2025 – The Federal Board of Revenue (FBR) has revised and clarified the procedure for obtaining a sales tax exemption on imports, ensuring a streamlined process for entitled organizations and agencies.
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