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Author: Shahnawaz Akhter

Overseas Chamber

OICCI recommends phased super tax exit for growth

April 29, 2025April 29, 2025Shahnawaz Akhter

The Overseas Investors Chamber of Commerce and Industry (OICCI) has once again emphasized the need for a more stable and growth-oriented tax framework to attract foreign and local investment. As part of its budget recommendations, the OICCI has strongly urged the government to initiate a phased elimination of the super tax, proposing its complete removal […]

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budget proposals

PSX calls for rationalization of CGT rates to remove tax distortions

April 29, 2025April 29, 2025Shahnawaz Akhter

KARACHI, April 29, 2025 — The Pakistan Stock Exchange (PSX) has recommended the removal of the flat 12.5% Capital Gains Tax (CGT) rate on the disposal of listed securities acquired between July 1, 2013 and June 30, 2022.

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SBP report on banking sector

SBP advocates reducing tax burden on salaried individuals

April 29, 2025April 29, 2025Shahnawaz Akhter

KARACHI, April 29, 2025 — The State Bank of Pakistan (SBP) has strongly recommended that the government prioritize policies aimed at broadening the tax base and reducing the tax burden on salaried individuals and other documented sectors of the economy.

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gold and silver rates update

Pakistan imports 368-kg gold, spending jumps 67% in 9MFY25

April 28, 2025April 28, 2025Shahnawaz Akhter

Islamabad, April 28, 2025 – Pakistan’s gold imports have witnessed a substantial increase during the first nine months (July–March) of the fiscal year 2024-25.

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coins and money

Refining tax policy essential to reducing cash circulation: SBP

April 28, 2025April 28, 2025Shahnawaz Akhter

Karachi, April 28, 2025 — The State Bank of Pakistan (SBP) has emphasized the urgent need to refine tax policy to avoid unintended consequences that fuel higher cash circulation (CiC) in the economy.

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state bank of pakistan 03

Govt saves Rs30 billion through MTBs buyback auctions: SBP

April 28, 2025April 28, 2025Shahnawaz Akhter

Karachi, April 28, 2025 – The State Bank of Pakistan (SBP) has reported that the federal government managed to save approximately Rs30 billion through successful buyback auctions of Market Treasury Bills (MTBs) during the first half of the fiscal year 2025. In its half-yearly economic report, the SBP highlighted that the strategic use of buyback […]

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UNISAME

Unisame highlights urgent need for SME crisis planning

April 28, 2025April 28, 2025Shahnawaz Akhter

The Union of Small and Medium Enterprises (Unisame) has issued a strong call to action for Pakistan’s SME sector, urging businesses to enhance their crisis preparedness strategies in light of growing global economic uncertainties and geopolitical tensions.

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Pakistan Stocks - APP

Pakistan-India tensions weigh on KSE-100 index, drops 1.22%

April 28, 2025April 28, 2025Shahnawaz Akhter

Karachi, April 28, 2025 – The benchmark KSE-100 index at the Pakistan Stock Exchange (PSX) saw a decline of 1,405 points or 1.22% on Monday, largely driven by escalating tensions between Pakistan and India.

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SBP flags tariffs, global conflicts as risks to economy

April 28, 2025April 28, 2025Shahnawaz Akhter

Karachi, April 28, 2025 – The State Bank of Pakistan (SBP) on Monday released its Half Year Report FY25 on the state of Pakistan’s economy, highlighting several key risks that could impact the country’s future economic performance.

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National-Bank-Pakistan

NBP updates financial position as of March 31, 2025

April 28, 2025April 28, 2025Shahnawaz Akhter

Karachi, April 28, 2025 – National Bank of Pakistan (NBP) provided a comprehensive update to its shareholders on Monday regarding the bank’s financial position as of March 31, 2025.

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