Karachi, February 24, 2025 – Finance Minister Muhammad Aurangzeb has emphasized that tax policy formulation should not be confined solely to mathematical calculations but must also consider the broader economic value.
(more…)Author: Shahnawaz Akhter
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Windfall Tax Issue Remains in Lahore High Court: MCB Bank
Karachi, February 24, 2025 – MCB Bank has confirmed that the windfall tax issue remains sub judice before the Lahore High Court, as the bank has successfully secured a stay order.
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FPCCI Proposes Advance Tax Removal on First Property Purchase
Karachi, February 24, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has put forward a proposal urging the government to eliminate the advance tax levied on the first purchase of property.
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Speeding Trailer Kills Industrialist Father, Son in Karachi Crash
Karachi, February 24, 2025 – A devastating accident on the ICI Bridge claimed the lives of a well-known industrialist and his son when their car was struck by a speeding trailer.
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PSX Reports 45% Earnings Growth for Half-Year FY25
Karachi, February 24, 2025 – The Pakistan Stock Exchange (PSX) has announced its financial results for the half-year ended December 31, 2024, reporting an impressive 45% increase in profit growth. The strong performance highlights the resilience of the PSX amid evolving market conditions.
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Pakistan, Azerbaijan Sign MOU for Joint Oil Trading Company
Karachi, February 24, 2025 – Pakistan and Azerbaijan have strengthened their energy sector collaboration by signing a Memorandum of Understanding (MOU) on Monday for the establishment of a joint oil trading company.
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KSE-100 Gains 1,529 Points in a Volatile Trading Session
Karachi, February 24, 2025 – The Pakistan Stock Exchange (PSX) witnessed a turbulent trading session on Monday, with the benchmark KSE-100 index surging by 1,529 points or 1.36%.
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Deadline Announced for January CGT Payment
Karachi, February 24, 2025 – The deadline for the payment of capital gains tax (CGT) on the disposal of shares at the Pakistan Stock Exchange (PSX) has been officially notified, urging all stakeholders to ensure compliance with the set timeline.
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FPCCI Recommends Significant Reduction in Customs Duties
Karachi, February 24, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has strongly advocated for a substantial reduction in customs duties in the upcoming budget 2025-26.
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Tax Collection from Retailers Surges 98% in 7MFY25
Islamabad, February 22, 2025 – Tax collection from retailers has witnessed an unprecedented increase of 98% during the first seven months (July – January) of the ongoing fiscal year 2024-25, according to sources from the Federal Board of Revenue (FBR). This significant rise highlights the growing tax compliance and enforcement measures implemented in recent months.
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