Pakistan Revenue
Islamabad, March 21, 2025 – The Federal Board of Revenue (FBR) has successfully collected Rs 11.48 billion in windfall tax from banks operating in Punjab, following the Lahore High Court’s (LHC) decision to lift a stay order that had previously delayed tax recovery.
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Karachi, March 21, 2025 – After a series of record-breaking sessions, investors at the Pakistan Stock Exchange (PSX) opted for profit-taking on Friday, bringing a temporary halt to the market’s bullish momentum. Following an extended rally, market participants decided to book gains, resulting in a slight downturn.
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Islamabad, March 20, 2025 – The Directorate General of Customs Valuation, Pakistan, has issued a new ruling No. 1982/2025 to determine the customs value of sunflower seeds under Section 25A of the Customs Act, 1969.
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Islamabad, March 20, 2025 – Pakistan has officially imposed a ban on the import of polyol blended and chlorodifluoroethanes with immediate effect.
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Karachi, March 20, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has called upon the Federal Board of Revenue (FBR) to extend the sales tax return filing deadline due to technical issues affecting taxpayers on the IRIS portal.
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KARACHI: Chairman Businessmen Group (BMG) Zubair Motiwala and President Karachi Chamber of Commerce & Industry (KCCI) Jawed Bilwani have hailed the Secretary Commerce’s decision to suspend the DGTO’s order, effectively reinstating KCCI’s democratically elected Office Bearers and Managing Committee.
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Karachi, March 20, 2025 – Pakistan’s foreign exchange reserves saw an increase of $187 million over the past week, according to the latest data released by the State Bank of Pakistan (SBP) on Thursday. The rise in reserves signals improved financial stability, offering some relief amid external economic challenges.
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Karachi, March 20, 2025 – A significant number of taxpayers have struggled to comply with the filing of their sales tax returns for February 2025 due to persistent technical issues on the IRIS portal.
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Karachi, March 20, 2025 – The Pakistan Stock Exchange (PSX) continued its bullish streak on Thursday, with the benchmark KSE-100 Index reaching an all-time high of 118,770 points.
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Hyderabad, March 20, 2025 – The Regional Tax Office (RTO) Hyderabad has taken strict action against tax evasion by sealing a prominent supermarket for non-compliance with point of sale (POS) regulations. This decisive move underscores the authorities’ commitment to enforcing transparency and accountability in retail transactions across Hyderabad.
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