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Author: Shahnawaz Akhter

PBC Proposals

PSX calls for tax exemption on inter-corporate dividends

May 2, 2025May 2, 2025Shahnawaz Akhter

Karachi, May 2, 2025 – The Pakistan Stock Exchange (PSX) has urged the government to restore the tax exemption on inter-corporate dividends for companies eligible for group taxation.

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budget proposals

KCCI urges removal of regulatory duty on polyester yarn

May 2, 2025May 2, 2025Shahnawaz Akhter

Karachi, May 2, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has strongly recommended the removal of the 5% regulatory duty on polyester yarn in its official tax proposals for the upcoming federal budget 2025–26.

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PSX KSE-100

PSX bounces back, gains over 2,000 points in morning trade

May 2, 2025May 2, 2025Shahnawaz Akhter

Karachi, May 2, 2025 – The Pakistan Stock Exchange (PSX) showed a strong recovery on Friday morning as investor confidence returned to the market following the previous session’s steep losses.

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KTBA Bar

Karachi Tax Bar points out critical anomalies in IRIS system

May 1, 2025May 1, 2025Shahnawaz Akhter

Karachi, May 1, 2025 — The Karachi Tax Bar Association (KTBA) has formally highlighted a series of functional and procedural anomalies in the IRIS portal operated by the Federal Board of Revenue (FBR), urging the tax authority to implement immediate corrective measures to improve efficiency and compliance.

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budget proposals

KTBA urges FBR to eliminate Section 7E in budget 2025–26

May 1, 2025May 1, 2025Shahnawaz Akhter

Karachi, May 1, 2025 – The Federal Board of Revenue (FBR) has been urged to eliminate the controversial Section 7E of the Income Tax Ordinance, 2001, in the forthcoming federal budget for fiscal year 2025–26.

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Pakistan budget 2025-26

KTBA proposes abolishing super tax in budget 2025–26

May 1, 2025May 1, 2025Shahnawaz Akhter

Karachi, May 1, 2025 — The Karachi Tax Bar Association (KTBA) has strongly called for the complete abolition of the super tax in its detailed budget proposals for the fiscal year 2025–26.

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KCCI Photo

KCCI proposes action plan to curb under-invoicing in plastic imports

May 1, 2025May 1, 2025Shahnawaz Akhter

Karachi, May 1, 2025 — The Karachi Chamber of Commerce and Industry (KCCI) has submitted comprehensive recommendations to the government for the upcoming Budget 2025–26, addressing the growing issue of under-invoicing and misdeclaration on imported plastic, especially polyethylene and polypropylene products.

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PSX Logo

PSX recommends lower tax rates for listed companies in budget

May 1, 2025May 1, 2025Shahnawaz Akhter

Karachi, May 1, 2025 — The Pakistan Stock Exchange (PSX) has submitted a set of tax proposals for the federal budget 2025–26, calling for a permanent reduction in corporate tax rates for listed companies.

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Rice Pakistan Containers

Rice exporters urge tax relief, Aurangzeb promises consideration

May 1, 2025May 1, 2025Shahnawaz Akhter

Karachi, May 1, 2025 – Pakistan’s rice exporters have called on the government to offer tax incentives to strengthen the rice sector and boost foreign exchange earnings.

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FBR launches IRIS 2.0

FBR delays electronic tax system integration for one month

April 30, 2025April 30, 2025Shahnawaz Akhter

Islamabad, April 30, 2025 – The Federal Board of Revenue (FBR) has officially extended the deadline for the electronic integration of taxpayers, providing businesses more time to comply with the new invoicing regulations.

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