Karachi, May 18, 2025 – The Karachi Tax Bar Association (KTBA) has called for the restoration of a 40% tax credit on income earned by qualified teachers and researchers in its detailed budget proposals for the fiscal year 2025-26.
(more…)Author: Shahnawaz Akhter
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FBR urged to reinstate sales tax on petroleum products in budget
Karachi, May 18, 2025 – The Federal Board of Revenue (FBR) has been strongly urged to reinstate the sales tax on petroleum products in the upcoming 2025-26 federal budget, as per detailed tax proposals submitted by the Overseas Investors Chamber of Commerce and Industry (OICCI).
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Pakistan sees 75% surge in gold import during 10MFY25
Karachi, May 17, 2025 – Pakistan has witnessed a substantial increase in its gold import, with official figures showing a 75% rise during the first ten months (July–April) of the fiscal year 2024–25 compared to the same period last year.
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KSE-100 Index soars 11.64% weekly on ceasefire and IMF support
Karachi, May 17, 2025 – The Pakistan Stock Exchange (PSX) ended the week on a strong note as the benchmark KSE-100 index surged by 11.64% week-on-week, driven by a landmark ceasefire agreement between Pakistan and India and the successful disbursement of the second tranche under the International Monetary Fund’s (IMF) Extended Fund Facility (EFF) program.
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FBR introduces new licensing rules for freight forwarders
Islamabad, May 16, 2025 -In a major regulatory move aimed at formalizing and streamlining Pakistan’s cargo and logistics sector, the Federal Board of Revenue (FBR) has issued a detailed framework for licensing freight forwarders across the country.
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RTO-1 Karachi locks down top car showroom over POS breach
Karachi, May 16, 2025 – The Regional Tax Office (RTO)-1 Karachi has sealed a car showroom for violating the mandatory Point of Sale (POS) integration requirements set by the Federal Board of Revenue (FBR).
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SBP reports 3% dip in foreign direct investment during 10MFY25
Karachi, May 16, 2025 – The State Bank of Pakistan (SBP) on Friday released data showing a slight decline in foreign direct investment (FDI) during the first ten months (July–April) of the fiscal year 2024-25. According to the SBP report, FDI dropped by 2.8% to $1.78 billion, compared with $1.84 billion recorded in the same period of the previous fiscal year.
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Pakistan caps customs duty at 15%, reduces duty slabs to four
Islamabad, May 16, 2025 – In a bold step towards comprehensive trade and economic reform, the Government of Pakistan has announced a sweeping overhaul of its Customs tariff structure by capping the maximum customs duty at 15% and reducing the number of duty slabs to four.
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OICCI proposes structural customs reforms to combat smuggling
Karachi, May 16, 2025 – The Overseas Investors Chamber of Commerce and Industry (OICCI) has called for wide-ranging customs reforms aimed at curbing smuggling and strengthening Pakistan’s trade integrity.
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FBR notifies tax stamp pricing for cement manufacturers
Islamabad, May 16, 2025 – The Federal Board of Revenue (FBR) has officially announced the tax stamp pricing for cement manufacturers under its Track and Trace System (TTS), marking another key step in enhancing tax compliance and digital monitoring within the cement sector.
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