Karachi, April 12, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has urged the federal government to permit gold exports with at least 20% value addition, a move it believes will revitalize the stagnant precious metals sector and significantly boost export revenues.
(more…)Author: Shahnawaz Akhter
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PSX Investors Monitor Trump’s Tariffs and Earnings Season
Karachi, April 12, 2025 – Investors at the Pakistan Stock Exchange (PSX) are bracing for another turbulent week ahead, as global economic tensions and local corporate earnings are expected to drive market sentiment.
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PSX Remains Volatile Amid Escalating Global Trade Tensions
Karachi, April 11, 2025 – The Pakistan Stock Exchange (PSX) witnessed another volatile session on Friday, as mounting global trade tensions and a sharp drop in international oil prices triggered widespread uncertainty in investor sentiment.
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FBR Issues Procedure for Integration into Digital Invoicing System
Islamabad, April 11, 2025 – The Federal Board of Revenue (FBR) has officially released a comprehensive procedure to facilitate the integration of businesses into its digital invoicing system, as part of its ongoing efforts to enhance transparency and compliance in the tax ecosystem.
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IRIS Glitches Prompt KCCI to Seek PM Shehbaz’s Intervention
Karachi, April 11, 2025 – Frustrated by persistent technical failures in the Federal Board of Revenue’s (FBR) IRIS portal, the Karachi Chamber of Commerce and Industry (KCCI) has formally appealed to Prime Minister Shehbaz Sharif for immediate intervention to address the growing tax compliance crisis facing the business community.
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KCCI Suggests Tax Exemption for Properties up to Rs 10 Million
Karachi, April 11, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has proposed a significant tax reform aimed at revitalizing the real estate sector by suggesting income tax exemption on immovable properties valued up to Rs 10 million.
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Top IRS Officer Dismissed Over Fraud, Misconduct Charges
Islamabad, April 11, 2025 – A senior officer of the Inland Revenue Service (IRS), holding the position of BS-20, has been awarded the major penalty of dismissal from service following a comprehensive disciplinary process.
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Salaried Class Demands Tax Burden Ease in Budget 2025-26
Karachi, April 10, 2025 – Pakistan’s salaried class has made an urgent appeal to the federal government to ease the growing tax burden in the upcoming Budget 2025–26, highlighting the financial pressures faced by wage earners amid high inflation and stagnant salaries.
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SBP Reports $173M Weekly Rise in Pakistan’s Forex Reserves
Karachi, April 10, 2025 – The State Bank of Pakistan (SBP) announced on Thursday that the country’s foreign exchange (forex) reserves rose by $173 million during the week ending April 4, 2025.
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ICMA Evaluates U.S. Tariffs’ Impact on Pakistan’s Exports
Karachi, April 10, 2025 – The Institute of Cost and Management Accountants of Pakistan (ICMA) has released a comprehensive report analyzing the implications of the newly imposed 29% reciprocal tariff by the United States on Pakistan’s exports, with a particular focus on the textile industry.
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