Karachi, March 1, 2025 – Inflation in Pakistan continues to rise as the country prepares for Ramadan, with the Sensitive Price Indicator (SPI) reflecting a further increase in the cost of essential commodities.
(more…)Author: Shahnawaz Akhter
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PTC Reports Rs 355 Billion in Cigarette Sales for 2024
Karachi, February 28, 2025 – Pakistan Tobacco Company (PTC) has reported cigarette sales worth Rs 355 billion for the financial year ending December 31, 2024.
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Pakistan Customs Issues Valuation for China-Origin Suitcases
Karachi, February 28, 2025 – Pakistan Customs has issued a new valuation for China-origin suitcases to determine applicable duties and taxes.
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OGDCL Reports 33% Fall in Half-Year Profit Amid High Taxation
Karachi, February 28, 2025 – Oil and Gas Development Company Limited (OGDCL) has reported a significant 33% decline in its half-year profit after tax, primarily due to increased taxation.
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Fixed Tax for Traders Suggested After Scheme Failure
Karachi, February 28, 2025 – The business community has strongly advocated for a fixed tax regime for traders following the failure of the Tajir Dost Scheme (TDS) to yield the desired results.
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MTO Karachi Seals Oaks for Issuing Unverified Invoices
Karachi, February 28, 2025 – The Medium Tax Office (MTO) Karachi has taken decisive action against tax fraud by sealing an outlet of Oaks Pakistan for issuing fake sales tax invoices.
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Pakistan’s Weekly Reserves Decline by $23 Million: SBP
Karachi, February 27, 2025 – Pakistan’s foreign exchange reserves experienced a decline of $23 million during the past week, as reported by the State Bank of Pakistan (SBP) on Thursday.
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PYMA, NTC Discuss Challenges Facing the Textile Sector
Karachi, February 27, 2025 – A high-level delegation from the National Tariff Commission (NTC), led by Chairman Naeem Anwer, visited the Pakistan Yarn Merchants Association (PYMA) to engage in in-depth discussions regarding the pressing challenges facing the textile sector.
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KCCI to Discuss Issues Related to SRO 55 with FBR
Karachi, February 27, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has urged its members to actively participate in discussions regarding SRO 55 by submitting their recommendations.
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USC Layoffs Move to Next Stage, More Dismissals Expected
Karachi, February 27, 2025 – The ongoing wave of layoffs at the Utility Stores Corporation (USC) is set to intensify as new administrative directives have been issued to dismiss regular employees up to grade 12.
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