KARACHI, May 6, 2025 – The Pakistan Stock Exchange (PSX) witnessed a volatile trading session on Tuesday as the benchmark KSE-100 index shed 534 points, closing at 113,568 points, down from the previous day’s close of 114,102 points.
(more…)Author: Shahnawaz Akhter
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KTBA urges FBR to prioritize return enforcement over high tax rates
Karachi, May 6, 2025 – The Karachi Tax Bar Association (KTBA) has formally recommended that the Federal Board of Revenue (FBR) reorient its tax policy strategy by prioritizing the enforcement of tax return filing rather than relying heavily on collecting higher taxes from non-filers.
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FBR to establish tax facilitation counter for Karachi businesses
Karachi, May 6, 2025 – In a significant move to strengthen ties with the business sector and improve transparency, the Federal Board of Revenue (FBR) has announced the establishment of a dedicated tax facilitation counter in Karachi.
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Key measures in Tax Laws (Amendments) Ordinance, 2025
The Tax Laws (Amendments) Ordinance, 2025 has introduced several significant changes to the Income Tax Ordinance, 2001 (ITO 2001) and the Federal Excise Act, 2005.
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SAI criticizes minimal rate cut, urges reduction to single digits
KARACHI: The SITE Association of Industry (SAI) has expressed strong dissatisfaction over the State Bank of Pakistan’s (SBP) recent decision to cut the benchmark policy rate by just 1%, terming the move inadequate and disconnected from the economic needs of the industrial sector.
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FBR dismisses senior IR officer over NAB corruption findings
Islamabad, May 5, 2025 – The Federal Board of Revenue (FBR) has officially dismissed a senior Inland Revenue Service (IRS) officer following serious corruption charges substantiated in a comprehensive investigation by the National Accountability Bureau (NAB).
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Tax Laws (Amendment) Ordinance 2025 unconstitutional: KATI
KARACHI, May 5, 2025 – The Korangi Association of Trade and Industry (KATI) has vehemently rejected the recently enacted Tax Laws (Amendment) Ordinance 2025, branding it as unconstitutional, anti-business, and a grave threat to economic stability.
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PCDMA rejects Tax Laws (Amendment) Ordinance 2025
KARACHI, May 5, 2025 – The Pakistan Chemicals & Dyes Merchants Association (PCDMA) has strongly opposed the recently promulgated Income Tax Laws (Amendment) Ordinance 2025, calling it a draconian measure that threatens to cripple business confidence and economic stability.
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KCCI slams modest 1% policy rate cut as inadequate
Karachi, May 5, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has voiced strong dissatisfaction over the State Bank of Pakistan’s (SBP) decision to cut the benchmark policy rate by a mere 1%, reducing it from 12% to 11%.
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PSX slips 12 points in volatile trading session
Karachi, May 5, 2025 – The Pakistan Stock Exchange (PSX) witnessed a highly volatile trading session on Monday, ultimately shedding 12 points amid mixed investor sentiment and a much-anticipated monetary policy announcement by the State Bank of Pakistan (SBP).
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