Pakistan Revenue
LAHORE, May 13, 2025 — The Lahore Chamber of Commerce and Industry (LCCI) has strongly urged the Federal Board of Revenue (FBR) to withdraw two recently issued statutory regulatory orders (SROs) — SRO 578(I)/2025 and SRO 709(I)/2025 — which have sparked serious concern within the cement distribution sector.
Continue Reading
Karachi, May 13, 2025 — Luxury car sales in Pakistan have recorded a significant surge, reflecting a broader shift in consumer preferences and economic behavior.
Continue Reading
Karachi, May 13, 2025 – The Overseas Investors Chamber of Commerce and Industry (OICCI) has put forward a comprehensive set of tax reform proposals aimed at fostering compliance, promoting sustainability, and stimulating inclusive economic growth in Pakistan. The proposals, submitted ahead of the federal budget 2025-26, emphasize the need for strategic incentives rather than punitive […]
Continue Reading
Karachi, May 13, 2025 – A group of foreign investors operating in Pakistan has urged the government to demonetize the Rs5,000 currency note as part of a broader push to discourage cash-based transactions and accelerate the country’s shift toward a digital economy.
Continue Reading
Karachi, May 13, 2025 – In a major step towards modernizing its operations, the Federal Board of Revenue (FBR) is set to implement a cutting-edge Remote Image Analysis Center (RIAC) aimed at integrating data across all entry and exit points of the country, including seaports, land border posts, and airports.
Continue Reading
Islamabad, May 13, 2025 — The government of Pakistan is considering a significant tax reform by planning to abolish the 18% sales tax on locally produced cotton in the upcoming federal budget for 2025-26.
Continue Reading
Karachi, May 13, 2025 — Pakistan’s debt burden continues to grow, as the country’s total central government debt rose by 13% year-on-year, reaching Rs73.69 trillion by the end of March 2025.
Continue Reading
Islamabad, May 12, 2025 – In a significant move aimed at safeguarding consumers from excessive taxation, the Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to constitute a joint committee to re-evaluate the entire regime of electricity duty and taxes calculated thereon.
Continue Reading
Karachi, May 12, 2025 – The Collectorate of Customs (Enforcement), Gadani, of Pakistan Customs has announced a large-scale public auction of seized Iranian petroleum products, including high-speed diesel (HSD) and petrol, to be held on May 15, 2025, at Gadani.
Continue Reading
Karachi, May 12, 2025 – The Pakistan Stock Exchange (PSX) witnessed its highest-ever single-day gain on Monday, surging by a massive 10,123 points as investor sentiment soared following the announcement of a ceasefire between Pakistan and India, along with the disbursement of funds from the International Monetary Fund (IMF).
Continue Reading