KARACHI, May 2, 2025 – Ahmed Azeem Alvi, President of the SITE Association of Industry (SAI), has raised a serious alarm over the ongoing water crisis in Karachi’s key industrial zone. He revealed that factories in the SITE area have not received a drop of water in the last two weeks, leading to a near-complete shutdown of industrial activity.
(more…)Author: Shahnawaz Akhter
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Aurangzeb reassures OICCI on inclusion of budget proposals
Karachi, May 2, 2025 – Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, has assured the Overseas Investors Chamber of Commerce and Industry (OICCI) that their budget recommendations will be given serious consideration during the upcoming budget formulation process.
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Pakistan’s April headline inflation falls to record low of 0.3%
Islamabad, May 2, 2025 – Pakistan’s headline inflation hit a multi-year low in April 2025, reflecting a significant deceleration in consumer prices.
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KTBA urges salary tax threshold rise to Rs1.2 million
Karachi, May 2, 2025 – The Karachi Tax Bar Association (KTBA) has called upon the federal government to increase the tax-exempt threshold on salary income from the current Rs600,000 to Rs1.2 million in the upcoming budget for the fiscal year 2025-26.
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PSX calls for tax exemption on inter-corporate dividends
Karachi, May 2, 2025 – The Pakistan Stock Exchange (PSX) has urged the government to restore the tax exemption on inter-corporate dividends for companies eligible for group taxation.
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KCCI urges removal of regulatory duty on polyester yarn
Karachi, May 2, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has strongly recommended the removal of the 5% regulatory duty on polyester yarn in its official tax proposals for the upcoming federal budget 2025–26.
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PSX bounces back, gains over 2,000 points in morning trade
Karachi, May 2, 2025 – The Pakistan Stock Exchange (PSX) showed a strong recovery on Friday morning as investor confidence returned to the market following the previous session’s steep losses.
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Karachi Tax Bar points out critical anomalies in IRIS system
Karachi, May 1, 2025 — The Karachi Tax Bar Association (KTBA) has formally highlighted a series of functional and procedural anomalies in the IRIS portal operated by the Federal Board of Revenue (FBR), urging the tax authority to implement immediate corrective measures to improve efficiency and compliance.
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KTBA urges FBR to eliminate Section 7E in budget 2025–26
Karachi, May 1, 2025 – The Federal Board of Revenue (FBR) has been urged to eliminate the controversial Section 7E of the Income Tax Ordinance, 2001, in the forthcoming federal budget for fiscal year 2025–26.
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KTBA proposes abolishing super tax in budget 2025–26
Karachi, May 1, 2025 — The Karachi Tax Bar Association (KTBA) has strongly called for the complete abolition of the super tax in its detailed budget proposals for the fiscal year 2025–26.
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