KARACHI, May 15, 2025 — The Pakistan Stock Exchange (PSX) witnessed a historic trading session on Thursday as the benchmark KSE-100 index surged to an all-time high, closing at a remarkable 119,962 points.
(more…)Author: Shahnawaz Akhter
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FY26 Budget: Cash on delivery online shopping may face FBR tax
As Pakistan prepares its fiscal roadmap for 2025–26, the Federal Board of Revenue (FBR) is actively exploring new strategies to regulate and tax the booming online shopping sector.
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How to Get Registered for Pakistan Customs (WeBOC System)
If you’re planning to import or export goods through Pakistan’s borders, registering with Pakistan Customs is a critical first step. The Federal Board of Revenue (FBR) has introduced a web-based platform called WeBOC (Web-Based One Customs) to streamline customs clearance and ensure transparency in trade procedures.
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Pakistan’s tax system overburdens poor, hinders growth: WB
KARACHI, May 14, 2025 — The World Bank has raised serious concerns about the structure and effectiveness of Pakistan’s tax system, highlighting its limited revenue generation, economic distortions, and disproportionate impact on low-income groups.
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OICCI calls for major salary tax relief in budget 2025-26
Karachi, May 14, 2025 – The Overseas Investors Chamber of Commerce and Industry (OICCI) has urged the government to provide significant tax relief to salaried individuals in the upcoming Budget 2025-26, citing growing concerns over the rising burden on one of Pakistan’s most compliant taxpayer segments.
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OGDCL secures petroleum exploration rights for seven new blocks
Karachi, May 14, 2025 – Oil and Gas Development Company Limited (OGDCL), Pakistan’s leading state-owned energy company, announced on Wednesday that it has been provisionally awarded petroleum exploration rights over seven new blocks across various regions of the country.
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SBP receives $1.02 billion tranche from IMF under EFF program
Karachi, May 14, 2025 – The State Bank of Pakistan (SBP) confirmed on Wednesday that it has received a $1.023 billion disbursement from the International Monetary Fund (IMF) under the ongoing Extended Fund Facility (EFF) program.
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KTBA recommends ban on non-filer property transactions
Karachi, May 14, 2025 – The Karachi Tax Bar Association (KTBA) has put forth a significant recommendation as part of its tax proposals for the upcoming budget 2025-26: a ban on all property transactions undertaken by individuals who are not active filers of income tax returns.
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SRB rewards tax-conscious customers with first POS prize draw
Karachi, May 14, 2025 – The Sindh Revenue Board (SRB) has successfully conducted its inaugural computerized prize ballot draw, celebrating customers who actively verified their invoices from businesses integrated with Point of Sale (POS) systems.
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Luxury Car Sales Soar, Revealing Pakistan’s Class Divide
The latest figures released by the Pakistan Auto Manufacturers Association (PAMA) have sparked renewed debate over the country’s growing economic inequality, as car sales data reveals a stark contrast in consumer behavior across income groups.
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