Pakistan Revenue
Karachi, April 7, 2025 – The Pakistan Stock Exchange (PSX) witnessed an intense selloff on Monday, with the market initially hitting the lower lock limit, falling more than 5%.
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The Karachi Tax Bar Association (KTBA) has raised serious concerns regarding the Federal Board of Revenue’s (FBR) mandate requiring the declaration of eight-digit Harmonized System (HS) Codes and specific Units of Measurement (UoM) in sales tax returns.
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Karachi, April 7, 2025 — The Pakistan Stock Exchange (PSX) officially triggered lower cap on Monday after the KSE-100 Index fell by more than 5%, sparking a wave of concern across financial circles.
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Karachi, April 7, 2025 — The Pakistan Stock Exchange (PSX) suffered a major jolt on Monday as panic gripped investors, leading to a sharp crash in share prices and a temporary halt in trading activity.
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Karachi, April 7, 2025 — The Pakistan Stock Exchange (PSX) witnessed a devastating start to the trading week as global market turmoil spilled over into local equities, triggering a steep decline of 4,257 points in the benchmark KSE-100 Index. The index plummeted by 3.58%, marking one of the sharpest single-day losses in recent months.
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Karachi, April 6, 2025 – In a striking revelation, the Federal Board of Revenue (FBR) has disclosed that distributors of cigarette and pharmaceutical products received a staggering Rs14.53 billion in tax concessions during the last fiscal year.
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KARACHI, April 6, 2025 – The United Business Group (UBG) has strongly urged the government to bring down petroleum prices in Pakistan, aligning them with the recent global decline in crude oil prices.
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KARACHI, April 5, 2025 — The Directorate General of Customs Valuation in Pakistan has issued a revised valuation ruling for imported dates, revising previously set customs values in light of new data and market assessments.
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Pakistan Tobacco Company (PTC) has expressed concerns that the implementation of the Track and Trace System (TTS) has not been effective in curbing the illicit trade of cigarettes as originally intended.
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Karachi, April 5, 2025 – K-Electric (KE) consumers have collectively paid a staggering Rs 25 billion as advance tax during the first eight months (July–February) of the current fiscal year 2024–25, marking a substantial increase in financial pressure amid rising energy costs.
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