Islamabad, March 3, 2025 – Pakistan’s headline inflation, measured through the Consumer Price Index (CPI), recorded a decline to 1.5% on a year-on-year (YoY) basis in February 2025, compared to 2.4% in the previous month and a significantly higher 23.1% in February 2024. This decline in headline inflation suggests a notable easing in price pressures, reflecting improved economic stability.
(more…)Author: Shahnawaz Akhter
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Allied Bank Discloses Tax Contingencies Up to CY24
Karachi, March 3, 2025 – Allied Bank Limited (ABL) has provided detailed disclosures regarding its tax contingencies for the calendar year 2024 through the transmission of its annual financial statement on Monday.
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KSE-100 Falls 1.12% Amid Lack of Market Triggers
Karachi, March 3, 2025 – The KSE-100 index of the Pakistan Stock Exchange (PSX) witnessed a sharp decline of 1.12% on Monday, as investor sentiment remained subdued due to the absence of strong market triggers.
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FBR Collects Rs 5.71 Billion Advance Tax on Cash Withdrawals
Islamabad, March 3, 2025 – The Federal Board of Revenue (FBR) has successfully collected Rs 5.71 billion as advance tax on cash withdrawals during the first seven months (July–January) of the current fiscal year 2024-25. This tax applies to individuals making large cash withdrawals from banks who are not listed on the Active Taxpayers’ List (ATL).
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Banks After-Tax Earnings Rise to Rs 597 Billion in 2024
Karachi, March 3, 2025 – The banking sector in Pakistan has reported a notable increase in after-tax earnings, reaching Rs 597 billion for the year ending December 31, 2024. This marks a 5% year-on-year (YoY) growth compared to Rs 567 billion recorded in the previous year, demonstrating the resilience of banks amid evolving economic conditions.
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FBR Raises Rs 1.22 Billion Tax Demand Against Bank Alfalah
Karachi, March 2, 2025 – The Federal Board of Revenue (FBR) has issued a tax demand of Rs 1.22 billion against Bank Alfalah for multiple tax years, citing various discrepancies in tax payments.
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FBR Collects Rs 11 Billion from Exporters Under New Tax Rules
Islamabad, March 2, 2025 – The Federal Board of Revenue (FBR) has successfully generated Rs 11 billion in withholding tax from exporters under new tax regulations implemented for the current fiscal year.
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FPCCI Proposes Abolishing Withholding Tax on Sales to Retailers
Karachi, March 2, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has proposed the removal of withholding tax on sales to retailers, arguing that the measure will facilitate business growth and ease the tax burden on traders.
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SBP May Cut Benchmark Interest Rate by 50 bps: Poll
Karachi, March 2, 2025 – The State Bank of Pakistan (SBP) is expected to lower its benchmark interest rate by 50 basis points in the upcoming Monetary Policy Committee (MPC) meeting, according to market expectations.
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PSX Anticipates Positive Investor Sentiment in Coming Week
Karachi, March 1, 2025 – The Pakistan Stock Exchange (PSX) is expected to witness positive investor sentiment in the upcoming week, driven by major economic developments and improved market conditions.
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