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.
(more…)Author: Shahnawaz Akhter
-
Capital Gain Tax Collection Surges 82% in 7MFY25
Karachi, February 27, 2025 – The collection of capital gain tax has witnessed an extraordinary surge of 82% during the first seven months (July – January) of the fiscal year 2024-25, according to provisional data from the Federal Board of Revenue (FBR).
(more…) -
Korea-Pakistan EPA Negotiations Expected Soon: Korean Envoy
KARACHI: The Ambassador of the Republic of Korea, Park Ki Jun, has indicated that negotiations for the Korea-Pakistan Economic Partnership Agreement (EPA) are expected to commence in the first half of this year. This development is set to lay a strong institutional foundation for enhancing economic exchanges between the two nations and fostering deeper trade relations.
(more…) -
PSX Expects Pakistan’s Economic Growth to Continue
Karachi, February 27, 2025 – The Pakistan Stock Exchange (PSX) has expressed optimism that Pakistan’s economic growth is likely to persist in the coming months, driven by macroeconomic stabilization measures and strategic policy shifts.
(more…) -
Citi Pharma Completes First-Ever Export to MENA Region
Karachi, February 27, 2025 – Citi Pharma Limited has announced the successful completion of its first-ever export to the MENA (Middle East and North Africa) Region, marking a significant milestone in its international expansion strategy.
(more…) -
SBP Imposes Penalty of Over Rs 222 Million on Bank Alfalah
Karachi, February 27, 2025 – The State Bank of Pakistan (SBP) has imposed a monetary penalty of over Rs 222 million on Bank Alfalah, as per a report released on Thursday.
(more…) -
RTO-I Karachi Seals Medical Store in Clifton for POS Violation
Karachi, February 26, 2025 – In a decisive move against businesses failing to adhere to federal tax regulations, RTO-I Karachi has sealed a prominent medical store located in the upscale Clifton area.
(more…) -
Pakistan Customs Issues Fresh Valuation for Ceramic Tiles
Karachi, February 26, 2025 – Pakistan Customs has issued a new valuation ruling for ceramic and porcelain tiles to determine the applicable duties and taxes on imported consignments.
(more…) -
KSE-100 Index Sheds 666 Points in Volatile Session
Karachi, February 26, 2025 – The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) experienced a turbulent trading session on Wednesday, shedding 666 points as investors engaged in profit booking following recent gains. The KSE-100 index closed at 113,862 points, down from the previous day’s closing level of 114,528 points.
(more…) -
FPCCI Submits Key Sales Tax Proposals for Budget 2025-26
Karachi, February 26, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has formally presented key sales tax proposals for the upcoming Budget 2025-26.
(more…)