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Author: Shahnawaz Akhter

FBR Image 01 New

FBR orders Saturday overtime to supercharge tax collection drive

May 22, 2025May 22, 2025Shahnawaz Akhter

Islamabad, May 22, 2025 — In a bold and urgent move to ramp up tax revenue, the Federal Board of Revenue (FBR) has sounded the alarm and issued fresh directives to its nationwide tax offices, calling for extended enforcement operations and late-night sittings on Saturday, May 31, 2025—a clear sign of intensifying efforts to meet […]

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Overseas Chamber

Business confidence in Pakistan sees major boost: OICCI survey

May 22, 2025May 22, 2025Shahnawaz Akhter

Karachi, May 22, 2025 — In a major sign of an economic turning point, business confidence in Pakistan has rebounded dramatically, with optimism soaring across industries, according to the latest Business Confidence Index (BCI) Survey released by the Overseas Investors Chamber of Commerce and Industry (OICCI).

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Pakistan budget 2025-26

Explosive Expectations from Pakistan Budget 2025-26

May 22, 2025May 22, 2025Shahnawaz Akhter

As Pakistan gears up to unveil its Federal Budget 2025-26 on June 2, 2025, analysts are bracing for what could be a transformative fiscal document driven by International Monetary Fund (IMF) conditions, record-breaking debt obligations, and a widening tax net.

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ABAD House Pakistan

ABAD proposes abolishing Section 7E – deemed property income

May 22, 2025May 22, 2025Shahnawaz Akhter

Karachi, May 22, 2025 – In a powerful and urgent appeal, the Association of Builders and Developers of Pakistan (ABAD) has demanded the immediate abolition of the controversial deemed income tax under Section 7E of the Income Tax Ordinance, 2001.

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Sindh government

Sindh notifies super tax rates on agricultural income

May 22, 2025May 22, 2025Shahnawaz Akhter

Karachi, May 22, 2025 – The Government of Sindh has officially notified the implementation of super tax rates on agricultural income, following the enactment of the Sindh Agricultural Income Tax Act, 2025.

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FBR White

FBR seeks data on officials receiving both salary and pension

May 21, 2025May 21, 2025Shahnawaz Akhter

Islamabad, May 21, 2025 – The Federal Board of Revenue (FBR) has initiated a detailed investigation to identify federal officials who are simultaneously drawing a salary and pension.

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National Savings

Pakistan slashes profit rates, shocks national savings investors

May 21, 2025May 21, 2025Shahnawaz Akhter

Karachi, May 21, 2025 – In a significant move impacting millions of small investors, Pakistan has sharply reduced the profit rates on various national saving instruments, bringing most returns down to single digits.

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SITE Association

SAI cheers Karachi’s leap toward water self-sufficiency

May 21, 2025May 21, 2025Shahnawaz Akhter

Karachi, May 21, 2025 – The Site Association of Industry (SAI) Karachi has declared the TP-1 and TP-3 recycled water treatment plants as transformative projects essential for achieving water self-sufficiency in the city’s largest industrial zone.

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FBR Pakistan Karachi

FBR cracks down on 72 Pakistanis’ foreign income, assets secrets

May 21, 2025May 21, 2025Shahnawaz Akhter

Karachi, May 21, 2025 – In a bold and dramatic move, the Federal Board of Revenue (FBR) has zeroed in on 72 ultra-wealthy and influential individuals, launching a high-stakes investigation into their foreign income and offshore assets.

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Pakistan Stocks - APP

KSE-100 index nears historic high amid strong market sentiment

May 21, 2025May 21, 2025Shahnawaz Akhter

Karachi, May 21, 2025 – The Pakistan Stock Exchange (PSX) witnessed another bullish session on Wednesday as the benchmark KSE-100 index surged, closing just below its all-time high.

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