Pakistan Revenue
Islamabad, May 5, 2025 – The Federal Board of Revenue (FBR) has officially dismissed a senior Inland Revenue Service (IRS) officer following serious corruption charges substantiated in a comprehensive investigation by the National Accountability Bureau (NAB).
Continue Reading
KARACHI, May 5, 2025 – The Korangi Association of Trade and Industry (KATI) has vehemently rejected the recently enacted Tax Laws (Amendment) Ordinance 2025, branding it as unconstitutional, anti-business, and a grave threat to economic stability.
Continue Reading
KARACHI, May 5, 2025 – The Pakistan Chemicals & Dyes Merchants Association (PCDMA) has strongly opposed the recently promulgated Income Tax Laws (Amendment) Ordinance 2025, calling it a draconian measure that threatens to cripple business confidence and economic stability.
Continue Reading
Karachi, May 5, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has voiced strong dissatisfaction over the State Bank of Pakistan’s (SBP) decision to cut the benchmark policy rate by a mere 1%, reducing it from 12% to 11%.
Continue Reading
Karachi, May 5, 2025 – The Pakistan Stock Exchange (PSX) witnessed a highly volatile trading session on Monday, ultimately shedding 12 points amid mixed investor sentiment and a much-anticipated monetary policy announcement by the State Bank of Pakistan (SBP).
Continue Reading
Karachi, May 5, 2025 — In a move that exceeded market forecasts, the State Bank of Pakistan (SBP) announced a 100 basis point reduction in its benchmark policy rate, bringing it down to 11%, effective May 6, 2025.
Continue Reading
ISLAMABAD: May 5, 2025 — In a landmark decision, the Federal Tax Ombudsman (FTO) has directed Pakistan Customs to return 170 tolas of gold unlawfully held for over 27 years, following a protracted legal battle that saw judgments in favor of the complainant from all tiers of Pakistan’s judicial system, including the Supreme Court.
Continue Reading
Karachi, May 5, 2025 – The Pakistan Stock Exchange (PSX) has submitted a formal recommendation to the government for the upcoming federal budget 2025-26, calling for the removal of the minimum tax regime for listed companies.
Continue Reading
Karachi, May 5, 2025 – Pakistan’s petroleum sector experienced a notable rebound in April 2025, with sales of petroleum products by Oil Marketing Companies (OMCs) reaching 1.46 million tons, marking a sharp 32% increase year-on-year (YoY) and a 20% rise month-on-month (MoM).
Continue Reading
Islamabad, May 5, 2025 – President of the All Pakistan Sarafa Gems and Jewelers Association, Qasim Shikarpuri, has strongly criticized the government’s latest economic policies, calling them a fresh assault on the already struggling business community.
Continue Reading