Karachi, May 20, 2025 – The State Bank of Pakistan (SBP) has officially launched a comprehensive nationwide campaign titled “Go Cashless” aimed at promoting digital payments and significantly reducing reliance on cash transactions during the upcoming Eid-ul-Azha festivities.
(more…)Author: Shahnawaz Akhter
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World Bank-funded experts reviewing FY26 budget proposals
Pakistan is receiving support from top tax experts, financed by the World Bank, to review and evaluate proposals for the upcoming fiscal year 2025-26 budget.
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Parliamentarians seek KCCI input for inclusive budget 2025–26
Karachi, May 19, 2025 – A delegation of National Assembly members visited the Karachi Chamber of Commerce and Industry (KCCI) to gather key proposals and insights for the formulation of the Federal Budget 2025–26.
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Profit repatriation from Pakistan jumps 108% in 10MFY25
Karachi, May 19, 2025 – The repatriation of profit and dividends by foreign investors from Pakistan surged by an impressive 108% during the first ten months (July–April) of the fiscal year 2024–25, according to the latest data released by the State Bank of Pakistan (SBP) on Monday.
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LTO Karachi signals possible salary tax relief in budget 2025–26
Karachi, May 19, 2025 – The Large Taxpayers Office (LTO) Karachi has indicated that the salaried class may receive some much-needed relief in the forthcoming federal budget 2025–26.
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KSE-100 index closes slightly higher amid consolidation phase
Karachi, May 19, 2025 – The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed with a modest gain of 40 points on Monday, as the market continued to hover around its record highs in what analysts described as a consolidation phase.
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SBP raises MCR for microfinance banks to Rs2 billion
Karachi, May 19, 2025 – The State Bank of Pakistan (SBP) has announced a significant policy revision by increasing the Minimum Capital Requirement (MCR) for microfinance banks (MFBs) to Rs2 billion.
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Pakistan, IMF agree: No ban on commercial import of used vehicles
Karachi, May 19, 2025 – In a major policy shift aligned with International Monetary Fund (IMF) reforms, Pakistan is set to fully lift the ban on the commercial import of used vehicles.
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Government to increase captive power transition levy to 20%
The government of Pakistan has announced plans to increase the Captive Power Transition Levy (CPL) to 20% by August 2026, according to an official document.
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Tajir Dost Scheme ends in failure, confirms IMF
The Federal Board of Revenue’s (FBR) much-hyped Tajir Dost Scheme — an initiative designed to bring retailers and traders into the formal tax net — has officially ended in failure, according to the latest International Monetary Fund (IMF) country report on Pakistan, released on May 17, 2025.
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