KARACHI, August 14, 2025 – The State Bank of Pakistan (SBP) has issued a detailed directive requiring banks to enhance their customer due diligence (CDD) processes for all clients engaged in trade-related activities.
(more…)Author: Shahnawaz Akhter
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FBR caps cash payments at Rs200,000 for retail, e-commerce
Islamabad, August 13, 2025 – The Federal Board of Revenue (FBR) has formally set limit for cash payments of Rs200,000 for both retail outlets and cash-on-delivery (COD) orders in the e-commerce sector.
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MPR forecasts FY26 GDP growth between 3.25% and 4.25%
Karachi, August 13, 2025 – The State Bank of Pakistan (SBP), in its flagship Monetary Policy Report (MPR), has projected Pakistan’s real GDP growth to range between 3.25% and 4.25% in the fiscal year 2025-26.
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SRB announces 75 prizes in second POS invoices draw
Karachi, August 13, 2025 – The Sindh Revenue Board (SRB) has announced a total of 75 prizes in its second prize ballot draw for Point of Sale (POS) invoices.
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Meezan Bank reports 10% profit decline in 1HCY25
Karachi, August 13, 2025 – Meezan Bank Limited, the country’s largest Islamic bank, announced on Wednesday that its net profit for the first half of the calendar year 2025 (January–June) fell by 10%.
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Jilani raises rice exporters concerns with SBP
KARACHI – A high-level delegation of the Rice Exporters Association of Pakistan (REAP), led by Senior Vice Chairman Javed Jilani, met with State Bank of Pakistan (SBP) Governor Jameel Ahmad to discuss pressing issues confronting rice exporters.
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Ex-FBR Tax Czar Blasts Delay in Final Return Form
Karachi, August 12, 2025 – In a stinging critique of the Federal Board of Revenue (FBR), former top tax czar Rehmatullah Khan Wazir has sounded the alarm over the agency’s failure to meet a critical legal obligation — the notification of the finalized income tax return form for Tax Year 2025.
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Lawyers flag persistent problems in 2025 tax return filing
Lahore, August 12, 2025 – The International Lawyers Association has raised strong concerns over ongoing challenges in the filing of income tax returns for Tax Year 2025, warning that delays and system flaws could disrupt compliance for thousands of taxpayers.
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SBP tightens regulations to curb trade-based money laundering
Karachi, August 12, 2025 – The State Bank of Pakistan (SBP) has announced a strengthened framework aimed at tightening anti-money laundering (AML) and countering financing of terrorism (CFT) measures in the context of trade transactions.
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SBP withdraws rules, giving big relief to Pakistan exporters
Karachi, August 12, 2025 – In a major relief for Pakistan’s exporters, the State Bank of Pakistan (SBP) has announced the withdrawal of stringent conditions previously imposed under the “Delayed Realization of Export Proceeds” policy.
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