Karachi, April 25, 2025 – Pakistan’s banking sector has recorded a historic milestone as total bank deposits surged to an unprecedented Rs31.63 trillion by the end of March 2025, according to the latest data released by the State Bank of Pakistan (SBP) on Thursday.
(more…)Author: Shahnawaz Akhter
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PM Shehbaz forms high-level committee for investment protection
Islamabad, April 24, 2025 — In a strategic step aimed at enhancing investor confidence and improving the business climate, Prime Minister Shehbaz Sharif has established a high-level committee to develop a comprehensive legal framework for the protection of investment in Pakistan.
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SBP reports $367 million decline in official forex reserves
Karachi, April 24, 2025 – The State Bank of Pakistan (SBP) reported a significant drop in its official foreign exchange (forex) reserves, with a decline of $367 million during the week ending April 18, 2025.
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PSX sinks 2,206 points amid escalating Pakistan-India tensions
Karachi, April 24, 2025 – The Pakistan Stock Exchange (PSX) witnessed a sharp decline of 2,206 points on Thursday as mounting tensions between Pakistan and India rattled investor confidence and triggered a broad-based sell-off across the market.
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March 2025 tax collection from bank deposits plunges 54%
KARACHI, April 24, 2025 — The Federal Board of Revenue (FBR) has experienced a sharp decline in income tax collection from profits on bank deposits in March 2025, with receipts plunging by 54% compared to the same month last year.
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Unilever Pakistan reports 8.24% decline in Q1 profit for 2025
KARACHI, April 24, 2025 — Unilever Pakistan Foods Limited has reported a decline in profitability for the first quarter of the calendar year 2025, posting an 8.24% drop in net profit compared to the same period last year.
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ICMAP recommends transparent tax framework for traders
KARACHI, April 24, 2025 — The Institute of Cost and Management Accountants of Pakistan (ICMAP) has emphasized the urgent need for a transparent and efficient tax mechanism to bring traders into the formal tax system.
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SBP issues flagship financial stability review for 2024
Karachi, April 24, 2025 – The State Bank of Pakistan (SBP) has released its flagship annual publication, the Financial Stability Review (FSR) for the calendar year 2024, offering a comprehensive evaluation of Pakistan’s financial sector.
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FBR sets strict deadlines for electronic invoice integration
Islamabad, April 23, 2025 — The Federal Board of Revenue (FBR) has issued fresh directives mandating registered taxpayers to integrate their invoicing systems electronically in accordance with the country’s push toward greater tax digitization and compliance.
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FBR virtually halts new sales tax registration: KTBA
Karachi, April 23, 2025 — The Karachi Tax Bar Association (KTBA) has raised serious concerns over the abrupt cessation of new sales tax registration by the Federal Board of Revenue (FBR), calling the move disruptive and counterproductive to business compliance and economic activity.
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