KARACHI – The All Pakistan Textile Mills Association (APTMA) has strongly urged the federal government to immediately remove yarn and fabric from the Export Facilitation Scheme (EFS), warning that their continued inclusion is severely damaging Pakistan’s domestic textile industry and distorting market competition.
(more…)Author: Shahnawaz Akhter
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Islamabad High Court stays enforcement of tax recovery ordinance
In a significant development, the Islamabad High Court has issued a stay order against the implementation of the recently promulgated Tax Laws (Amendment) Ordinance, 2025.
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FBR advised to honor loyal taxpayers for expanding tax net
Karachi, June 3, 2025 – In a powerful and game-changing proposal ahead of the federal budget 2025-26, the Institute of Chartered Accountants of Pakistan (ICAP) has sounded the alarm: If the FBR wants more taxpayers, it must start by honoring the ones it already has.
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PSX hits record high of 120,451 points ahead of FY26 Budget
Karachi, June 3, 2025 — The Pakistan Stock Exchange (PSX) soared to an all-time high on Tuesday, closing at 120,451 points as investor confidence surged ahead of the federal budget 2025-26, scheduled for June 10.
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Pakistan’s oil sales jump 10% in May 2025 on economic recovery
Karachi, June 3, 2025 — Pakistan’s oil sales experienced a significant boost in May 2025, surging by 10% year-on-year (YoY), according to the latest data released on Tuesday. This upswing reflects a positive shift in fuel consumption, driven by improved economic activity, lower fuel prices, and seasonal factors.
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Major overhaul of CGT on securities expected in Budget 2025-26
Karachi, June 3, 2025 — A significant overhaul in the structure of Capital Gains Tax (CGT) on the disposal of securities is likely to be announced in the upcoming budget for the fiscal year 2025–26, according to sources close to the Federal Board of Revenue (FBR).
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PSX announces four-day closure for Eid-ul-Adha holidays
Karachi – June 3, 2025: The Pakistan Stock Exchange (PSX) has officially announced a four-day closure in observance of the upcoming Eid-ul-Adha holidays.
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JI demands K-Electric license revoked amid power chaos
Karachi, June 2, 2025 – A storm is brewing in Karachi as Jamaat-e-Islami (JI) takes to the streets, launching a fiery movement against K-Electric and demanding nothing less than the immediate cancellation of its license.
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K-Electric under fire as ministry files explosive review petition
Islamabad, June 2, 2025 – The Power Ministry has dropped a bombshell on K-Electric (KE), fiercely challenging the electricity tariff awarded to the utility giant and declaring it unjustified, unfair, and unacceptable.
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Pakistan’s headline inflation surges to 3.5% in May 2025
Islamabad, June 2, 2025 – Headline inflation in Pakistan witnessed a notable rise in May 2025, reaching 3.5% year-on-year (YoY) as reported by the Pakistan Bureau of Statistics (PBS) on Monday.
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