KARACHI, April 14, 2025 – Federal Minister for Planning, Development & Special Initiatives Ahsan Iqbal has stressed the urgent need to transition Pakistan towards a sustainable, export-driven economy, cautioning that short-term growth reliant on consumption and imports leads to repeated cycles of instability.
(more…)Author: Shahnawaz Akhter
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SBP Governor Showcases Pakistan’s Economic Recovery, Vision
Karachi, April 14, 2025 – Governor of the State Bank of Pakistan (SBP), Mr. Jameel Ahmad, addressed the audience at the gong ceremony held at the Pakistan Stock Exchange (PSX) on Monday, where he shed light on Pakistan’s macroeconomic progress and emphasized the nation’s shift toward stability and growth.
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FBR Extends Rs 60 Billion Reduced Tax Relief on Imports
Karachi, April 14, 2025 – The Federal Board of Revenue (FBR) has revealed that it extended approximately Rs 60 billion in tax relief during the current fiscal year through reduced income tax rates applied to a wide range of imports. This relief was granted under Clause 56 of Part IV of the Second Schedule of the Income Tax Ordinance, 2001.
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18% GST Pushing Businesses to Evade, Warns PBC
Karachi, April 14, 2025 – The Pakistan Business Council (PBC) has raised serious concerns over the impact of the current 18% General Sales Tax (GST), stating that such a high rate in a largely undocumented economy creates a powerful incentive for tax evasion.
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Pakistan Receives Record $4.1 Billion Remittances in March 2025
Karachi, April 14, 2025 – Governor of the State Bank of Pakistan (SBP), Jameel Ahmad, announced on Monday that the country received a historic $4.1 billion in workers’ remittances during March 2025, the highest monthly inflow ever recorded.
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FBR Grants Rs1.65 Billion Tax Relief on Gratuity Payments
Karachi, April 13, 2025 – In a significant move aimed at easing the financial burden on retiring employees, the Federal Board of Revenue (FBR) has extended income tax exemptions amounting to Rs1.65 billion on gratuity payments made to individuals during the tax year.
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KCCI Seeks 0% VAT on Commercial Importers in Budget 2025-26
Karachi, April 13, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has strongly urged the federal government to eliminate the Value Added Tax (VAT) for commercial importers in the forthcoming federal budget for the fiscal year 2025-26.
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Business Leaders Urge Government to Freeze Petroleum Prices
Karachi, April 13, 2025 – In a significant proposal aimed at stabilizing Pakistan’s economy, the business community has called on the government to freeze petroleum prices for a full year.
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MSPIDA Announces Protest Against K-Electric Over Loadshedding
Karachi, April 12, 2025 – The All Pakistan Motorcycle Spare Parts Importers and Dealers Association (MSPIDA) has announced its decision to launch a strong protest campaign against K-Electric due to ongoing, severe power outages that are crippling business activities in Karachi’s key motorcycle spare parts markets.
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Government Plans Tax Relief Despite IMF-Driven Constraints
Karachi, April 12, 2025 – Special Assistant to Prime Minister (SAPM) for Industries and Production Division, Haroon Akhtar Khan, unveiled an ambitious plan to reduce Pakistan’s corporate tax burden despite the constraints posed by the International Monetary Fund (IMF) program.
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