Karachi, March 19, 2025 – The State Bank of Pakistan (SBP) reported on Wednesday that profit and dividend repatriation from Pakistan witnessed a significant surge of 104% during the first eight months (July–February) of the fiscal year 2024-25.
(more…)Author: Shahnawaz Akhter
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KCCI Seeks Extension to Membership Renewal Amid Eid Holidays
Karachi, March 19, 2025 – The Karachi Chamber of Commerce & Industry (KCCI) has officially requested an extension for the membership renewal deadline, citing disruptions caused by the upcoming Eid ul Fitr holidays.
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KSE-100 Index Hits Record High of 117,974 Points
Karachi, March 19, 2025 – The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) surged to an all-time high of 117,974 points on Tuesday, reflecting strong market sentiment and robust investor confidence amid improved economic indicators.
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FBR Enforces Strict Penalty on Karachi Customs Appraiser
Islamabad, March 19, 2025 – The Federal Board of Revenue (FBR) has imposed a major penalty on a customs officer of BS-17, ordering his compulsory retirement after he was found guilty of theft and unauthorized removal of seized goods.
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Big Relief Expected for Property Buyers in Budget 2025-26
Due to taxation measures introduced in recent years, property buyers are facing significant challenges in the current market.
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MTO Karachi Seals Hobnob Outlets for Sales Tax Fraud
Karachi, March 18, 2025 – The Medium Tax Office (MTO) Karachi has taken strict action against M/s. Hobnob, sealing three of its outlets for alleged sales tax fraud.
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Customs Issues Valuations for Ferro Manganese, Ferro Silicon
Karachi, August 12, 2025 – The Directorate General of Customs Valuation has issued a new Valuation Ruling No. 59/2025, revising the customs values of Ferro Manganese, Ferro Silicon, and Silico Manganese under Section 25A of the Customs Act, 1969.
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Presence of Illicit Cigarettes: A Failure of Authorities
The widespread availability of smuggled and illicit cigarettes in local markets highlights the failure of authorities responsible for curbing the illegal trade.
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Pakistan Revises Customs Valuation for Steel Wire, Wire Rod
Karachi, March 2025 – The Directorate General of Customs Valuation, Government of Pakistan, has issued new Valuation Rulings to revise the customs values of Non-Alloy Steel Wire and Iron or Non-Alloy Steel Wire Rod (Low/High Carbon).
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Pakistan’s Current Account Surplus Reaches $691M in 8MFY25
Karachi, March 17, 2025 – Pakistan’s current account remained in surplus, recording an impressive $691 million during the first eight months (July–February) of the ongoing fiscal year 2024-25, according to data released by the State Bank of Pakistan (SBP) on Monday.
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