Karachi, March 6, 2025 – The State Bank of Pakistan (SBP) announced on Thursday that the Monetary Policy Committee (MPC) will convene on Monday, March 10, 2025, to deliberate on the policy interest rate.
(more…)Author: Shahnawaz Akhter
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PM Shehbaz Directs Hiring Skilled Manpower for SMEDA
Islamabad, March 6, 2025 – Prime Minister Shehbaz Sharif has directed that skilled manpower should be hired from the market to strengthen the Small and Medium Enterprises Development Authority (SMEDA).
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KCCI Highlights Tax Abuse at CTO Karachi
Karachi, March 6, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has voiced serious concerns regarding the fairness and legality of tax enforcement actions targeting the textile sector.
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BankIslami to Challenge Windfall Tax in Supreme Court
Karachi, March 6, 2025 – BankIslami Pakistan Limited has decided to challenge the imposition of windfall tax in the Supreme Court of Pakistan after its petition was dismissed by the Sindh High Court.
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KSE-100 Soars 1,459 Points as Global Oil Prices Plunge
Karachi, March 6, 2025 – The KSE-100 index of the Pakistan Stock Exchange (PSX) witnessed a significant surge on Thursday, gaining 1,459 points amid a sharp decline in international oil prices.
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FBR Takes Major Action, Dismisses IR Inspector
Islamabad, March 6, 2025 – In a significant disciplinary action, the Federal Board of Revenue (FBR) has dismissed an Inland Revenue (IR) Inspector from service on charges of inefficiency and misconduct.
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BMA Calls for Fresh KCCI Elections Within 60 Days
KARACHI: The Businessmen Alliance (BMA) has demanded fresh elections for the Karachi Chamber of Commerce & Industry (KCCI) within 60 days, following a decision by the Directorate General of Trade Organizations (DGTO) that nullified the incumbent body’s 2024-26 election results.
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Banks Plan to Move Supreme Court on Windfall Tax
Karachi, March 6, 2025 – A group of banks in Pakistan is preparing to approach the Supreme Court to challenge the recent Sindh High Court decision regarding the windfall tax imposed on foreign exchange income.
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Najeeb Memon Appointed as Official Spokesperson of FBR
Islamabad, March 5, 2025 – The Federal Board of Revenue (FBR) has officially designated Najeeb Ahmad Memon as its spokesperson, reinforcing its commitment to transparent communication and effective policy dissemination.
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KTBA Calls for Immediate Appointment of Refund Commissioner
Karachi, March 5, 2025 – The Karachi Tax Bar Association (KTBA) has urged the Federal Board of Revenue (FBR) to take immediate action by appointing a Commissioner Inland Revenue at Zone-II, Corporate Tax Office (CTO), Karachi, to facilitate the efficient processing and timely issuance of refunds.
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