Karachi, February 20, 2025 – The Federal Board of Revenue (FBR) has failed to meet the deadline for notifying the finalized FBR return forms for income tax year 2025, raising concerns among taxpayers and experts regarding compliance and regulatory adherence.
(more…)Author: Shahnawaz Akhter
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SHC Upholds Windfall Tax, Denies Suspension Request
Karachi, February 20, 2025 – The Sindh High Court (SHC) has rejected petitions seeking interim relief against the imposition of the Windfall Income Tax, upholding the legal standing of the controversial levy.
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PSX Gains 397 Points as Investor Confidence Strengthens
Karachi, February 20, 2025 — The Pakistan Stock Exchange (PSX) witnessed a positive trading session on Thursday, as the benchmark KSE-100 index recorded a significant gain of 397 points. This upward movement was attributed to growing investor confidence, fueled by the release of robust corporate earnings reports.
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PBC Urges Phasing Out of Minimum Turnover Tax
Karachi, February 20, 2025 – The Pakistan Business Council (PBC) has urged the Federal Board of Revenue (FBR) to gradually eliminate the minimum turnover tax in the federal budget for the fiscal year 2025-26.
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Shell Pakistan Reports 44% Dip in Annual Profit Amid High Taxes
Karachi, February 20, 2025 – Shell Pakistan, now rebranded as Wafi Energy Pakistan Limited, has reported a 44% drop in annual profit for the financial year ending December 31, 2024.
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FBR Issues New Directives After Faulty Assessment Orders
Karachi, February 19, 2025 – The Federal Board of Revenue (FBR) has expressed serious concerns regarding the incompetence of Inland Revenue (IR) officers in issuing flawed assessment orders, which have led to an increase in frivolous litigation.
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KSE-100 Index Gains 254 Points Amid Strong Corporate Results
Karachi, February 19, 2025 – The KSE-100 index, the benchmark of the Pakistan Stock Exchange (PSX), extended its bullish momentum on Wednesday, gaining 254 points as strong corporate earnings lifted investor confidence.
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UBL Plans Issuance of Additional Tier-1 Capital Instruments
Karachi, February 19, 2025 – United Bank Limited (UBL) has taken a significant step towards strengthening its financial position and supporting its long-term strategic objectives.
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Monetary Easing Sparks Private Sector Loans Boom 255%
Karachi, February 18, 2025: Bank loans to the private sector has surged by an impressive 255%, driven by a significant decline in interest rates.
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High Salary Tax Rates Fuel Brain Drain: PBC
Karachi, February 18, 2025 – The Pakistan Business Council (PBC) has raised concerns over the high tax rates on salaried individuals, warning that these excessive rates are driving skilled professionals to seek opportunities abroad, resulting in a significant brain drain.
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