Islamabad, March 20, 2025 – Pakistan has officially imposed a ban on the import of polyol blended and chlorodifluoroethanes with immediate effect.
(more…)Author: Shahnawaz Akhter
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KCCI Urges FBR to Extend Sales Tax Return Filing Deadline
Karachi, March 20, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has called upon the Federal Board of Revenue (FBR) to extend the sales tax return filing deadline due to technical issues affecting taxpayers on the IRIS portal.
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BMG, KCCI Celebrate Election Decision, Pledge Business Support
KARACHI: Chairman Businessmen Group (BMG) Zubair Motiwala and President Karachi Chamber of Commerce & Industry (KCCI) Jawed Bilwani have hailed the Secretary Commerce’s decision to suspend the DGTO’s order, effectively reinstating KCCI’s democratically elected Office Bearers and Managing Committee.
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Country’s Forex Reserves Climb by $187 Million: SBP
Karachi, March 20, 2025 – Pakistan’s foreign exchange reserves saw an increase of $187 million over the past week, according to the latest data released by the State Bank of Pakistan (SBP) on Thursday. The rise in reserves signals improved financial stability, offering some relief amid external economic challenges.
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IRIS Errors Disrupt Sales Tax Filing as Deadline Passes
Karachi, March 20, 2025 – A significant number of taxpayers have struggled to comply with the filing of their sales tax returns for February 2025 due to persistent technical issues on the IRIS portal.
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PSX Extends Rally, KSE-100 Hits Record 118,770 Points
Karachi, March 20, 2025 – The Pakistan Stock Exchange (PSX) continued its bullish streak on Thursday, with the benchmark KSE-100 Index reaching an all-time high of 118,770 points.
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RTO Hyderabad Seals Super Mart for Issuing Fake Invoices
Hyderabad, March 20, 2025 – The Regional Tax Office (RTO) Hyderabad has taken strict action against tax evasion by sealing a prominent supermarket for non-compliance with point of sale (POS) regulations. This decisive move underscores the authorities’ commitment to enforcing transparency and accountability in retail transactions across Hyderabad.
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Chief Commissioner Under Scrutiny as SHC Freezes Tax Order
Karachi, March 18, 2025 – The Sindh High Court (SHC) has suspended a sales tax suspension order while expressing concerns over the conduct of the Chief Commissioner of Inland Revenue, Karachi.
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MoC Suspends DGTO Orders Against KCCI Elections
Islamabad, March 19, 2025 – The Ministry of Commerce (MoC) has suspended the Directorate General of Trade Organizations’ (DGTO) order regarding the Karachi Chamber of Commerce and Industry (KCCI) elections until the next hearing scheduled for April 10, 2025.
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Profit Repatriation from Pakistan Surges 104% in 8MFY25
Karachi, March 19, 2025 – The State Bank of Pakistan (SBP) reported on Wednesday that profit and dividend repatriation from Pakistan witnessed a significant surge of 104% during the first eight months (July–February) of the fiscal year 2024-25.
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