KARACHI: In a concerted effort to invigorate Pakistan’s export sector, the Chief Collector of Pakistan Customs (Export), Mohammad Sadiq, reiterated the unwavering commitment of the Customs authorities to bolster trade operations through close collaboration with the Karachi Chamber of Commerce and Industry (KCCI).
(more…)Author: Shahnawaz Akhter
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Exporter suffers major loss after critical bank miscalculation
Karachi, April 26, 2025 – In a recent case, a serious miscalculation by a leading Bank caused a substantial financial loss to an exporter, highlighting the critical importance of accurate handling of export proceeds.
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PSX sentiments closely tied to geopolitical tensions ahead
Karachi, April 26, 2025 – The Pakistan Stock Exchange (PSX) is expected to remain under the influence of geopolitical sentiments in the coming week starting April 28, 2025.
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FBR reports 55% growth in electricity bill tax collection for March
Karachi, April 26, 2025 – The Federal Board of Revenue (FBR) has reported a substantial 55% increase in tax collection from electricity bills for the month of March 2025, reflecting a surge in energy consumption driven by rising industrial and commercial activity.
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PSX proposes 5% CGT on all derivatives in Budget 2025-26
Karachi, April 26, 2025 – The Pakistan Stock Exchange (PSX) has proposed a flat Capital Gains Tax (CGT) rate of 5% on all derivative instruments in its budget recommendations for the fiscal year 2025-26. This includes cash-settled derivative contracts and all futures contracts traded on the PSX.
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Tax collection windows to remain open on Saturdays: FBR
Islamabad, April 25, 2025 – In a bid to facilitate taxpayers and ensure the achievement of tax collection targets, the Federal Board of Revenue (FBR) has announced that its offices will remain open on Saturdays until June 30, 2025.
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FBR further extends sales tax return deadlines for February, March
Islamabad, April 25, 2025 – In a continued effort to accommodate taxpayers facing procedural and technical hurdles, the Federal Board of Revenue (FBR) has announced a further extension for the filing of sales tax returns for the months of February and March 2025.
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PCDMA flags technical glitches in sales tax return filing
KARACHI, April 25, 2025 – The Pakistan Chemicals & Dyes Merchants Association (PCDMA) has raised serious alarms over the growing complications surrounding the filing of sales tax returns, citing newly introduced formats and technical glitches as major hurdles for taxpayers.
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HBL posts strong 1Q CY2025 earnings, surpassing projections
Karachi, April 25, 2025 – Habib Bank Limited (HBL) has announced its financial results for the first quarter of calendar year 2025, reporting impressive earnings that surpassed market and industry expectations.
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KCCI seeks tax credit revival to stimulate industrial investment
Karachi, April 25, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has strongly urged the Federal Board of Revenue (FBR) to reinstate the previously available tax credit under Section 65B of the Income Tax Ordinance, 2001, in a bid to encourage industrial investment and economic growth.
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