Karachi, February 8, 2025 – The Karachi Tax Bar Association (KTBA) has called on the Federal Board of Revenue (FBR) to defer the implementation of SRO 55(I)/2025, which introduces key modifications to sales tax return filing.
(more…)Author: Shahnawaz Akhter
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NA Set to Approve Tax Bill to Restrict Transactions by Non-Filers
Islamabad, February 7, 2025 – The National Assembly is poised to approve the Tax Amendment Bill in its upcoming session, which aims to impose strict restrictions on non-filers of income tax returns, preventing them from engaging in various financial transactions.
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Major FBR Shakeup: Ahmad Shuja Becomes Member Audit
Islamabad, February 7, 2025 – The Federal Board of Revenue (FBR) has undertaken a significant administrative reshuffle, transferring several senior Inland Revenue Service (IRS) officers to key positions.
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KSE-100 Rebounds After Three-Day Losing Streak
Karachi, February 7, 2025 – The KSE-100 index of the Pakistan Stock Exchange (PSX) rebounded on Friday, posting a modest gain of 22 points following three consecutive sessions of decline.
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Pakistan’s Weekly SPI Inflation Declines by 0.21%
Islamabad, February 7, 2025 – The Sensitive Price Indicator (SPI) inflation witnessed a moderate decline of 0.21% for the week ending February 6, 2025, offering slight relief to consumers amid broader economic challenges.
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APCCA Takes Trade Bodies On-Board to Halt Customs Operations
KARACHI: The All Pakistan Customs Agents Association (APCCA) has announced its decision to suspend import and export clearance services across Pakistan within the next 15 days, a move that threatens to paralyze the country’s trade operations.
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KSE-100 Losing Streak Extends to Third Day, 1,634 Points Lost
Karachi, February 6, 2025 – The Pakistan Stock Exchange (PSX) witnessed a tumultuous week, with the benchmark KSE-100 index extending its losing streak for a third consecutive session.
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FBR Updates Extra Tax Collection Procedure from Non-ATL Users
Karachi, February 6, 2025 – The Federal Board of Revenue (FBR) has introduced updated procedures for collecting extra sales tax from electricity and gas consumers who are not listed on the Active Taxpayers List (ATL).
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Pensioners avail Rs 43.61 billion income tax exemption: FBR
Karachi, February 5, 2025 – Pensioners in Pakistan have benefitted from a tax exemption amounting to Rs 43.61 billion on their income within a year, according to official documents.
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Pakistan Customs Issues Valuation for Lithium-Ion Batteries
Karachi, February 4, 2025 – The Directorate General of Valuation of Pakistan Customs has issued a new valuation ruling for determining duties and taxes on the import of lithium-ion batteries, aiming to curb under-invoicing and ensure fair taxation.
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