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Author: Shahnawaz Akhter

FBR Pakistan Karachi

RTO-1 Karachi locks down top car showroom over POS breach

May 16, 2025May 16, 2025Shahnawaz Akhter

Karachi, May 16, 2025 – The Regional Tax Office (RTO)-1 Karachi has sealed a car showroom for violating the mandatory Point of Sale (POS) integration requirements set by the Federal Board of Revenue (FBR).

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foreign investment

SBP reports 3% dip in foreign direct investment during 10MFY25

May 16, 2025May 16, 2025Shahnawaz Akhter

Karachi, May 16, 2025 – The State Bank of Pakistan (SBP) on Friday released data showing a slight decline in foreign direct investment (FDI) during the first ten months (July–April) of the fiscal year 2024-25. According to the SBP report, FDI dropped by 2.8% to $1.78 billion, compared with $1.84 billion recorded in the same […]

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pakistan customs

Pakistan caps customs duty at 15%, reduces duty slabs to four

May 16, 2025May 16, 2025Shahnawaz Akhter

Islamabad, May 16, 2025 – In a bold step towards comprehensive trade and economic reform, the Government of Pakistan has announced a sweeping overhaul of its Customs tariff structure by capping the maximum customs duty at 15% and reducing the number of duty slabs to four.

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budget proposals

OICCI proposes structural customs reforms to combat smuggling

May 16, 2025May 16, 2025Shahnawaz Akhter

Karachi, May 16, 2025 – The Overseas Investors Chamber of Commerce and Industry (OICCI) has called for wide-ranging customs reforms aimed at curbing smuggling and strengthening Pakistan’s trade integrity.

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FBR Blue

FBR notifies tax stamp pricing for cement manufacturers

May 16, 2025May 16, 2025Shahnawaz Akhter

Islamabad, May 16, 2025 – The Federal Board of Revenue (FBR) has officially announced the tax stamp pricing for cement manufacturers under its Track and Trace System (TTS), marking another key step in enhancing tax compliance and digital monitoring within the cement sector.

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Pakistan records $1.88 billion current account surplus in 10MFY25

May 16, 2025May 16, 2025Shahnawaz Akhter

Karachi, May 16, 2025 – Pakistan has recorded a notable turnaround in its external sector by posting a current account surplus of $1.88 billion during the first ten months (July to April) of the current fiscal year 2024-25, according to the State Bank of Pakistan (SBP).

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FBR White

RTO-1 Karachi cracks multi-billion rupee fake invoice mafia ring

May 15, 2025May 15, 2025Shahnawaz Akhter

Karachi, May 15, 2025 – The Regional Tax Office-1 (RTO-1) Karachi has uncovered a major scam involving fake and flying invoices, exposing tax fraud worth billions of rupees.

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foreign exchange

Pakistan sees $131 million rise in forex reserves ahead IMF inflows

May 15, 2025May 15, 2025Shahnawaz Akhter

Karachi, May 15, 2025 – The foreign exchange reserves of Pakistan witnessed a notable increase of $131 million during the week ending May 9, 2025, even before accounting for the incoming tranche from the International Monetary Fund (IMF).

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KCCI Photo

KCCI warns of nationwide protest over harsh tax laws

May 15, 2025May 15, 2025Shahnawaz Akhter

Karachi, May 15, 2025 — The Karachi Chamber of Commerce and Industry (KCCI) has issued a strong warning to the federal government, signaling the possibility of a nationwide protest if the newly introduced tax laws under the Tax Ordinance Amendment 2025 are not immediately withdrawn.

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Bank deposits cross Rs32 trillion for first time in Pakistan’s history

May 15, 2025May 15, 2025Shahnawaz Akhter

KARACHI, May 15, 2025 — For the first time ever, bank deposits in Pakistan have crossed the Rs32 trillion milestone, marking a historic achievement in the country’s financial landscape.

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  • Electric Scooter Prices Expected to Fall as Fuel Costs Ease in Pakistan
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  • Apple Launches Refurbished MacBook Neo After Price Hike
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