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Author: Shahnawaz Akhter

foreign exchange

SBP Reports $173M Weekly Rise in Pakistan’s Forex Reserves

April 10, 2025April 10, 2025Shahnawaz Akhter

Karachi, April 10, 2025 – The State Bank of Pakistan (SBP) announced on Thursday that the country’s foreign exchange (forex) reserves rose by $173 million during the week ending April 4, 2025.

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ICMA Pakistan

ICMA Evaluates U.S. Tariffs’ Impact on Pakistan’s Exports

April 10, 2025April 10, 2025Shahnawaz Akhter

Karachi, April 10, 2025 – The Institute of Cost and Management Accountants of Pakistan (ICMA) has released a comprehensive report analyzing the implications of the newly imposed 29% reciprocal tariff by the United States on Pakistan’s exports, with a particular focus on the textile industry.

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Pakistan Stocks - APP

PSX Jumps 2,036 Points on Global Markets Rebound

April 10, 2025April 10, 2025Shahnawaz Akhter

Karachi, April 10, 2025 – The Pakistan Stock Exchange (PSX) witnessed a remarkable rebound on Thursday, as the benchmark KSE-100 index soared by 2,036 points, driven by a broad-based recovery in global equity markets and improved investor confidence.

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KCCI Photo

KCCI Calls for Tax Reforms to Revive Real Estate Sector

April 10, 2025April 10, 2025Shahnawaz Akhter

Karachi, April 10, 2025 — The Karachi Chamber of Commerce and Industry (KCCI) has urged the government to simplify taxation policies for Pakistan’s real estate sector, aiming to restore investor confidence and stimulate economic activity ahead of the federal budget for 2025-26.

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Pakistan Petroleum Limited

PPL Expands Barytes Project with New Agreement in Balochistan

April 10, 2025April 10, 2025Shahnawaz Akhter

Karachi, April 10, 2025 — Pakistan Petroleum Limited (PPL) has taken a major step forward in expanding its mining footprint in Balochistan, announcing the execution of Amendment No. 1 to the Operating Agreement for its Barytes Project.

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Sindh Revenue Board

SRB Revises Sindh Sales Tax Rules for Food Delivery Platforms

April 10, 2025April 10, 2025Shahnawaz Akhter

Karachi, April 9, 2025 – The Sindh Revenue Board (SRB) has announced significant amendments to the Sindh Sales Tax (SST) Special Procedure (Collection Agent) Rules, 2024, aimed specifically at food delivery platforms operating within the province.

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FBR Building

FBR Issues New Reward Rules for Officers Amid Criticism

April 9, 2025April 9, 2025Shahnawaz Akhter

Islamabad, April 9, 2025 – The Federal Board of Revenue (FBR) on Wednesday introduced new reward rules for officers within the Inland Revenue Service (IRS) and Pakistan Customs Service (PCS), but the move has been met with significant criticism from field formations.

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Income Tax Return FBR

FBR Extends Sales Tax Return Deadline for February to April 13

April 9, 2025April 9, 2025Shahnawaz Akhter

Islamabad, April 9, 2025 – The Federal Board of Revenue (FBR) has announced an extension in the deadline for filing sales tax and federal excise return for the tax period of February 2025.

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Karachi Chamber

Italy Aims to Double Trade with Pakistan, Eyes Deeper Ties

April 9, 2025April 9, 2025Shahnawaz Akhter

Karachi, April 9, 2025 — Italy has expressed a strong desire to significantly enhance economic, trade, and investment cooperation with Pakistan, with an ambitious target to double the current bilateral trade volume to US$3 billion in the coming years.

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Pakistan Stocks - APP

Markets Shake as KSE-100 Index Dips 1.19% on Trade Worries

April 9, 2025April 9, 2025Shahnawaz Akhter

Karachi, April 9, 2025 — The Pakistan Stock Exchange (PSX) witnessed a sharp decline on Wednesday, as the benchmark KSE-100 index slumped by 1,379 points or 1.19%, closing at 114,153.16.

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  • PM Shehbaz Sets FBR Revenue Target Above Rs15 Trillion for FY2026-27 July 2, 2026
  • PTA Rejects Fake Notification on Mobile Phone Tax Instalments July 2, 2026
  • Pakistan’s Trade Deficit Hits Four-Year High of $4.5 Billion in June 2026 July 2, 2026
  • SBP Injects Rs2.26 Trillion into Banking System Through OMO July 2, 2026
  • PIA Privatisation Advances as Buyer Takes 66.67% Stake July 2, 2026

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  • PM Shehbaz Sets FBR Revenue Target Above Rs15 Trillion for FY2026-27
  • PTA Rejects Fake Notification on Mobile Phone Tax Instalments
  • Pakistan’s Trade Deficit Hits Four-Year High of $4.5 Billion in June 2026
  • SBP Injects Rs2.26 Trillion into Banking System Through OMO
  • PIA Privatisation Advances as Buyer Takes 66.67% Stake
  • KSE-100 gains 471 points as profit-taking trims PSX rally
  • Govt doubles Climate Support Levy but keeps fuel prices unchanged
  • Pakistan Customs seizes Rs1.16bn worth of smuggled goods in crackdown
  • PM Shehbaz to attend Ayatollah Khamenei’s funeral during Iran visit
  • Social security sector tops income tax exemptions with Rs197bn relief: FBR report
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