Pakistan Revenue
Karachi, May 9, 2025 – The Overseas Investors Chamber of Commerce and Industry (OICCI) has proposed a structured, three-year phase-out of the minimum turnover tax, citing its detrimental impact on businesses operating on slim profit margins.
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Karachi, May 9, 2025 – A strong call has emerged from the foreign business community in Pakistan, urging the government to abolish the super tax in the upcoming federal budget for 2025–26.
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Karachi, May 8, 2025 — The KSE-100 index, the benchmark of the Pakistan Stock Exchange (PSX), witnessed its worst-ever single-day decline on Thursday, crashing by an unprecedented 6,482 points amid escalating tensions with India.
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Karachi, May 8, 2025 — Special Assistant to the Prime Minister (SAPM) Haroon Akhtar Khan held a detailed virtual meeting with the leadership of the Karachi Chamber of Commerce and Industry (KCCI) via Zoom.
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Islamabad, May 8, 2025 – The Federal Board of Revenue (FBR) has imposed a major penalty on Ms. Kiran Zahra, a BS-18 officer of the Inland Revenue Service (IRS), following disciplinary proceedings related to her prolonged unauthorized absence from duty.
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Karachi, May 8, 2025 – The State Bank of Pakistan (SBP) has officially invited applications from eligible financial institutions for selection as primary dealers for the fiscal year 2025–26. The announcement, made on Thursday, aims to appoint qualified institutions to facilitate government securities transactions under its Primary Dealer System.
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Karachi, May 8, 2025 – The Pakistan Stock Exchange (PSX) experienced a dramatic crash of 6.32% during midday trading on Thursday following reports that India launched a series of drone strikes across multiple Pakistani cities overnight. The news triggered widespread panic among investors, resulting in the PSX hitting its lower lock and forcing a temporary […]
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Islamabad, May 7, 2025 — Pakistan’s fiscal indicators showed notable improvement during the first nine months of the ongoing fiscal year (July–March FY2024-25), as the federal budget deficit shrank to 2.4% of GDP, down significantly from 3.7% recorded during the same period last year. The Ministry of Finance released these figures on Wednesday, attributing the […]
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Karachi, May 7, 2025 – In a decisive move to tighten regulatory control over the gold trade, the Federal Board of Revenue (FBR) on Wednesday sealed a prominent jewelry shop located on Karachi’s Tariq Road for failing to comply with Point of Sale (POS) integration requirements.
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Karachi, May 7, 2025 – The Pakistan Stock Exchange (PSX) witnessed a sharp nosedive on Wednesday, shedding 3,559 points, or 3.13% on a day-on-day basis, as investors reacted to rising tensions between Pakistan and India.
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