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Author: Shahnawaz Akhter

KTBA Bar

KTBA proposes taxpayer-friendly measures in budget 2025–26

April 30, 2025April 30, 2025Shahnawaz Akhter

Karachi, April 30, 2025 – The Karachi Tax Bar Association (KTBA) has formally submitted its comprehensive set of tax proposals for the upcoming Budget 2025–26, emphasizing the need for a balanced, efficient, and taxpayer-friendly tax regime.

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Pakistan Stocks - APP

PSX nosedives by 3,545 points amid rising Indo-Pak tensions

April 30, 2025April 30, 2025Shahnawaz Akhter

Karachi, April 30, 2025 – The Pakistan Stock Exchange (PSX) witnessed a steep fall on Wednesday, shedding a massive 3,545 points due to escalating tensions between Pakistan and India.

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Allied Bank

Allied Bank reports 24% decline in markup income for 1QCY25

April 30, 2025April 30, 2025Shahnawaz Akhter

Karachi, April 30, 2025 – Allied Bank has reported a significant 24% decline in its markup income for the first quarter of the calendar year 2025, reflecting the impact of falling interest rates and a lower cost of funding.

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Income Tax Return FBR

SBP questions FBR performance as sales tax ATL shrinks

April 30, 2025April 30, 2025Shahnawaz Akhter

Karachi, April 30, 2025 – The State Bank of Pakistan (SBP) has expressed concern over the performance of the Federal Board of Revenue (FBR), particularly in relation to the declining number of sales tax filers on the Active Taxpayers List (ATL).

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budget proposals

PSX urges tax relief to boost foreign investment in capital market

April 30, 2025April 30, 2025Shahnawaz Akhter

Karachi, April 30, 2025 – The Pakistan Stock Exchange (PSX) has proposed a significant tax relief package aimed at attracting foreign investment into the country’s capital market, ahead of the federal budget for fiscal year 2025–26.

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SBP to announce monetary policy on May 5, 2025

April 30, 2025May 9, 2026Shahnawaz Akhter

Karachi, April 30, 2025 – The State Bank of Pakistan (SBP) has officially scheduled the announcement of its next monetary policy statement for Monday, May 5, 2025.

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Higher property taxes slow housing loan demand: SBP Report

April 30, 2025April 30, 2025Shahnawaz Akhter

Karachi, April 30, 2025 – The State Bank of Pakistan (SBP) has revealed that increased taxation on property transactions has significantly impacted housing finance, dampening the demand for home-building loans despite a reduction in borrowing costs.

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FBR White

FBR sets cement sales tax value based on SPI data

April 29, 2025April 29, 2025Shahnawaz Akhter

Islamabad, April 29, 2025 – In a major policy development, the Federal Board of Revenue (FBR) has officially announced a new method for determining the value of cement for the purpose of sales tax calculation, aligning it with the Sensitive Price Indicator (SPI) data issued by the Pakistan Bureau of Statistics (PBS).

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PSX KSE-100

PSX gains 808 points as market rebounds from early sell-off

April 29, 2025April 29, 2025Shahnawaz Akhter

Karachi, April 29, 2025 – The Pakistan Stock Exchange (PSX) staged a powerful recovery on Tuesday, ending the session with a gain of 808 points, closing at 114,872 points, up 0.71%.

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FBR Image 01 New

FBR engages industry experts, third-party auditors to train officers

April 29, 2025April 29, 2025Shahnawaz Akhter

Islamabad, April 29, 2025 – In a significant move under its transformation initiative, the Federal Board of Revenue (FBR) has rolled out a comprehensive plan to enhance the capacity of its audit workforce. As part of this strategy, the FBR has officially released job descriptions for third-party auditors and industry experts who will serve as […]

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