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Author: Shahnawaz Akhter

pakistan customs

FBR deploys 60 third-party auditors to Pakistan Customs

June 17, 2025June 17, 2025Shahnawaz Akhter

Karachi, June 17, 2025 – The Federal Board of Revenue (FBR) has taken a significant step toward enhancing transparency and efficiency in trade-related audits by deploying 60 third-party auditors across Pakistan Customs.

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foreign investment

FDI drops to $1.98 billion in 11MFY25: SBP

June 17, 2025June 17, 2025Shahnawaz Akhter

Karachi, June 17, 2025 — The State Bank of Pakistan (SBP) has reported a decline in Foreign Direct Investment (FDI) during the first 11 months (July–May) of the fiscal year 2024-25.

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FBR Honda Cars

FBR issues SOPs for allocation of new cars

June 17, 2025June 17, 2025Shahnawaz Akhter

Karachi, June 17, 2025 – The Federal Board of Revenue (FBR) has issued a comprehensive set of Standard Operating Procedures (SOPs) to regulate the allocation, utilization, and management of new operational vehicles across its field formations.

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Pakistan records $1.81 billion current account surplus in 11MFY25

June 17, 2025June 17, 2025Shahnawaz Akhter

Karachi, June 17, 2025 – Pakistan has achieved a notable improvement in its external finances, reporting a current account surplus of $1.81 billion during the first 11 months (July–May) of the current fiscal year 2024–25.

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Sindh Revenue Board

Sindh embraces UN CPC system for sales tax on services

June 17, 2025June 17, 2025Shahnawaz Akhter

Karachi, June 17, 2025 – In a significant move towards international standardization, the Sindh government has proposed adopting the Central Product Classification (CPC) coding system Version 2.1, as issued by the United Nations, for the administration of sales tax on services under the Sindh Finance Bill, 2025.

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Sindh government

Sindh abolishes five levies through provincial Finance Bill 2025

June 17, 2025June 17, 2025Shahnawaz Akhter

Karachi, June 17, 2025 – The Sindh government has proposed a major fiscal reform in its provincial budget for 2025-26 by abolishing five longstanding levies.

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Pakistan Finance Bill 2025

Finance Bill 2025 restricts court stays on customs auctions

June 17, 2025June 17, 2025Shahnawaz Akhter

Karachi, June 17, 2025 – The Finance Bill 2025 has introduced significant amendments to the Customs Act, 1969, aimed at curbing unnecessary delays in the auction process of goods, particularly through the misuse of court stay orders.

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FBR Pakistan Karachi

FBR to issue negative list of exempt services in Islamabad

June 17, 2025June 17, 2025Shahnawaz Akhter

Islamabad, June 17, 2025 – The Federal Board of Revenue (FBR) is set to issue a formal negative list identifying exempt services within the Islamabad Capital Territory for the upcoming fiscal year 2025-26.

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SBP report on banking sector

Business community disappointed as SBP maintains policy rate

June 16, 2025June 16, 2025Shahnawaz Akhter

Karachi, June 16, 2025 – Leading representatives of Pakistan’s business community have expressed strong disappointment over the State Bank of Pakistan’s (SBP) decision to maintain the policy rate at 11% in its latest monetary policy announcement.

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Pakistan Stocks - APP

KSE-100 index rises slightly amid global market recovery

June 16, 2025June 16, 2025Shahnawaz Akhter

Karachi, June 16, 2025 – The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) edged higher on Monday, reflecting cautious optimism amid signs of global market stabilization.

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