Pakistan Revenue
Karachi, May 7, 2025 — A new report by the Institute of Cost and Management Accountants of Pakistan (ICMAP) reveals that business activity in Pakistan remains subdued, despite significant reductions in the State Bank of Pakistan’s (SBP) benchmark interest rate.
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The Pakistan Tax Bar Association (PTBA) has strongly opposed the recently promulgated Tax Amendments Ordinance 2025, calling it a direct infringement on the constitutional rights of taxpayers. In a formal letter addressed to President Asif Ali Zardari, the PTBA urged the immediate withdrawal of the ordinance, following a comprehensive review of its contentious provisions.
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KARACHI, May 6, 2025 — The Institute of Cost and Management Accountants of Pakistan (ICMAP) has unveiled a landmark proposal aimed at laying the groundwork for responsible crypto adoption in Pakistan.
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KARACHI, May 6, 2025 — In response to the sharp surge in gold prices and the growing risks of financial crimes, the Federal Board of Revenue (FBR) has intensified its efforts to monitor money laundering activities in Pakistan’s gold trade sector.
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KARACHI: In a strong display of solidarity, the Karachi Chamber of Commerce and Industry (KCCI) and the Rawalpindi Chamber of Commerce and Industry (RCCI) have jointly voiced firm opposition to the Tax Ordinance (Amendment) 2025, calling it detrimental to business growth and investor confidence in Pakistan.
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KARACHI, May 6, 2025 – The Pakistan Stock Exchange (PSX) witnessed a volatile trading session on Tuesday as the benchmark KSE-100 index shed 534 points, closing at 113,568 points, down from the previous day’s close of 114,102 points.
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Karachi, May 6, 2025 – The Karachi Tax Bar Association (KTBA) has formally recommended that the Federal Board of Revenue (FBR) reorient its tax policy strategy by prioritizing the enforcement of tax return filing rather than relying heavily on collecting higher taxes from non-filers.
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Karachi, May 6, 2025 – In a significant move to strengthen ties with the business sector and improve transparency, the Federal Board of Revenue (FBR) has announced the establishment of a dedicated tax facilitation counter in Karachi.
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The Tax Laws (Amendments) Ordinance, 2025 has introduced several significant changes to the Income Tax Ordinance, 2001 (ITO 2001) and the Federal Excise Act, 2005.
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KARACHI: The SITE Association of Industry (SAI) has expressed strong dissatisfaction over the State Bank of Pakistan’s (SBP) recent decision to cut the benchmark policy rate by just 1%, terming the move inadequate and disconnected from the economic needs of the industrial sector.
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