KARACHI: The Karachi Chamber of Commerce & Industry (KCCI) has strongly urged the National Electric Power Regulatory Authority (NEPRA) to put on hold the proposed hike in security deposit rates by Distribution Companies (DISCOs) until full transparency is ensured and an inclusive consultation process is undertaken with all stakeholders.
(more…)Author: Shahnawaz Akhter
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Workers’ Remittances Surge 32% in 7MFY25: SBP
Karachi, February 10, 2025 – The State Bank of Pakistan (SBP) reported on Monday that workers’ remittances have witnessed a significant surge of approximately 32% during the first seven months (July–January) of the fiscal year 2024-25, highlighting a robust inflow of foreign currency into the country.
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KSE-100 Surges 1,055 Points Amid Reports of Tax Package Delay
Karachi, February 10, 2025 – The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) experienced a remarkable surge of 1,055 points on Monday, fueled by renewed investor confidence following reports that the government might postpone the introduction of a tax package for the real estate sector.
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KTBA Calls for FBR to Limit Password Change Policy to Sales Tax
Karachi, February 10, 2025 – The Karachi Tax Bar Association (KTBA) has strongly recommended that the Federal Board of Revenue (FBR) confine its newly implemented password change policy to sales tax filers alone.
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FBR Reports Record 6.26M Active Taxpayers Ahead of Restrictions
Islamabad, February 10, 2025 – The Federal Board of Revenue (FBR) has announced a record-breaking 6.26 million active taxpayers ahead of the implementation of stringent measures aimed at curbing tax evasion.
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Government Pays Massive Rs 5.14 Trillion as Mark-Up in 1HFY25
Karachi, February 10, 2025 – The government of Pakistan has disbursed a staggering Rs 5.14 trillion as mark-up on loans acquired from both local and international financial institutions during the first half (July-December) of the ongoing fiscal year 2024-25.
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Tax Package for Real Estate Unlikely Before Budget 2025-26
Islamabad, February 9, 2025 – The government is unlikely to introduce any tax package for the real estate sector before the presentation of the budget for the fiscal year 2025-26.
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Petroleum Levy Collection Surges to Rs 549 Billion in 1HFY25
Karachi, February 9, 2025 – The collection of petroleum levy has witnessed a substantial increase, reaching Rs 549 billion during the first half (July – December) of the current fiscal year, according to data released by the Ministry of Finance.
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SAI Urges Pakistan to Capitalize on US Tax Measures
Karachi, February 8, 2025 – The Site Association of Industry (SAI) has advised the Pakistan government to take advantage of recent tax measures introduced by the United States against various countries.
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Pakistan’s Budget Deficit Contracts to 1.2% in First Half of FY25
Karachi, February 8, 2025 – Pakistan has reported a notable reduction in its budget deficit, which contracted to 1.2% of Gross Domestic Product (GDP) in the first half (July-December) of the fiscal year 2024-25. This marks a significant improvement from the 2.3% budget deficit recorded during the corresponding period of the previous fiscal year.
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