Karachi, January 24, 2025 – The Pakistan Stock Exchange (PSX) witnessed a robust trading session on Friday as the benchmark KSE-100 index surged by 843 points, fueled by investor optimism over a potential 100 basis points reduction in the benchmark interest rate. This speculation has driven increased market activity, signaling growing confidence among traders.
(more…)Author: Shahnawaz Akhter
-
New FBR Declaration Tightens Grip on Commercial Importers
Islamabad, January 24, 2025 – The Federal Board of Revenue (FBR) has intensified its oversight of commercial importers by introducing a new declaration requirement under the Sales Tax Laws, as part of its ongoing efforts to enhance tax compliance.
(more…) -
FBR Grants Tax Exemption of Rs 57 Billion on Agriculture Income
Karachi, January 24, 2025 – The Federal Board of Revenue (FBR) has announced a significant tax exemption worth Rs 57.52 billion for agriculture income in the tax year 2023, according to an official report released by the Board.
(more…) -
FBR Clarifies Temporary Sales Tax Registration Process
Karachi, January 24, 2025 – The Federal Board of Revenue (FBR) has issued a detailed explanation of the temporary sales tax registration process, which is already defined under Rule 5A of the Sales Tax Rules, 2006.
(more…) -
Audit Report Flags Financial Risks at Dewan Sugar Mills
Karachi, January 24, 2025 – Dewan Sugar Mills Limited, in its annual report for 2024 submitted to the Pakistan Stock Exchange (PSX), disclosed adverse observations by auditors concerning the company’s repayment capacity and financial health. These observations have raised significant concerns about the sustainability of the company’s operations.
(more…) -
NCCPL Sets January 31, 2025, as Deadline for CGT Collection
Karachi, January 24, 2025 – The National Clearing Company of Pakistan Limited (NCCPL) has announced that January 31, 2025, is the deadline for the collection of Capital Gains Tax (CGT) on the disposal of shares for December 2024.
(more…) -
PSW Officially Becomes FBR’s Digital Customs Partner
In an important step toward modernizing customs operations in Pakistan, the Federal Board of Revenue (FBR) has partnered with Pakistan Single Window (PSW) to digitalize customs clearance processes.
(more…) -
PTBA Decries Security Clearance Denials for Foreign Investors
Karachi, January 23, 2025 – The Pakistan Tax Bar Association (PTBA) has voiced profound apprehension over the rejection of security clearances for foreign investors. The association has formally reached out to Syed Mohsin Raza Naqvi, Federal Minister for Interior, highlighting the challenges these decisions pose to the country’s investment landscape.
(more…) -
Analysts Anticipate SBP Policy Rate Cut to 12%
Analysts at Arif Habib Limited predict that the State Bank of Pakistan (SBP) is likely to further reduce the policy rate to 12% in the upcoming monetary policy announcement.
(more…) -
Banks Witness Rs862Bn Withdrawals Amid Non-Filer Restrictions
Karachi, January 23, 2025 – Banks in Pakistan experienced a massive withdrawal of Rs 862 billion during December 2024 as the government prepared to impose stringent restrictions on non-filers of income tax returns. This significant outflow highlights the uncertainty and apprehension among account holders in response to impending policy changes.
(more…)