Karachi, January 28, 2025 – The State Bank of Pakistan (SBP), led by Governor Jameel Ahmad, has awarded the country’s first-ever Digital Retail Bank (DRB) license to Easypaisa Bank Limited, formerly known as Telenor Microfinance Bank Limited.
(more…)Author: Shahnawaz Akhter
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Minister Aurangzeb Announces Major Shift in Tax Policy Control
Islamabad, January 28, 2025 – Finance Finance Minister Muhammad Aurangzeb on Tuesday announced a significant administrative shift aimed at streamlining tax administration and boosting revenue collection in Pakistan.
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Pakistan on Path to Greater Economic Stability: 1H FY25 Report
Islamabad, January 28, 2025 – On Tuesday, the Ministry of Finance released its half-yearly report for the fiscal year 2024-25 (July-December), presenting an optimistic outlook for Pakistan economy.
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Karachi Tax Bar Highlights Challenges in Property Valuation
Karachi, January 28, 2025 – The Karachi Tax Bar Association (KTBA) has raised serious concerns regarding the fair market value (FMV) assessment of multi-storied built-up properties in Karachi.
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How FBR Selects Cases for Sales Tax Audit
Islamabad, January 28, 2025 – The Federal Board of Revenue (FBR) has officially issued the criteria for selecting cases for audit under the Sales Tax laws. These guidelines are outlined in Rule 44A of the Sales Tax Rules, 2006, which details the methodology and procedures for audit selection and conduct.
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PTBA Focuses Digitalization in Tax Proposals for Budget 2025-26
Karachi, January 28, 2025 – The Pakistan Tax Bar Association (PTBA) has presented its comprehensive tax proposals for the federal budget 2025-26, emphasizing the need for digitalization across all stages of economic activity.
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New Currency Notes Printing to Begin in FY26: SBP
Karachi, January 27, 2025 – The State Bank of Pakistan (SBP) has announced its plan to initiate the printing of new currency notes featuring advanced security enhancements in the upcoming fiscal year, 2025-26.
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FPCCI Criticizes Limited SBP Rate Cut
Karachi, January 27, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has expressed its surprise and disappointment over the State Bank of Pakistan’s (SBP) decision to reduce the policy rate by just 100 basis points, despite the marked improvement in key economic indicators.
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FBR Investigates Dual Nationality of IR Officials
Islamabad, January 27, 2025 – The Federal Board of Revenue (FBR) has initiated a comprehensive process to compile a list of Inland Revenue (IR) officials who hold dual nationality, including the details of their spouses.
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KCCI Criticizes SBP’s Conservative 100bps Rate Reduction
Karachi, January 27, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) on Monday voiced its strong discontent over the State Bank of Pakistan’s (SBP) decision to implement a modest 100 basis points (bps) reduction in the benchmark policy rate, bringing it down from 13% to 12%.
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