Karachi, March 18, 2025 – The Sindh High Court (SHC) has suspended a sales tax suspension order while expressing concerns over the conduct of the Chief Commissioner of Inland Revenue, Karachi.
(more…)Author: Shahnawaz Akhter
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MoC Suspends DGTO Orders Against KCCI Elections
Islamabad, March 19, 2025 – The Ministry of Commerce (MoC) has suspended the Directorate General of Trade Organizations’ (DGTO) order regarding the Karachi Chamber of Commerce and Industry (KCCI) elections until the next hearing scheduled for April 10, 2025.
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Profit Repatriation from Pakistan Surges 104% in 8MFY25
Karachi, March 19, 2025 – The State Bank of Pakistan (SBP) reported on Wednesday that profit and dividend repatriation from Pakistan witnessed a significant surge of 104% during the first eight months (July–February) of the fiscal year 2024-25.
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KCCI Seeks Extension to Membership Renewal Amid Eid Holidays
Karachi, March 19, 2025 – The Karachi Chamber of Commerce & Industry (KCCI) has officially requested an extension for the membership renewal deadline, citing disruptions caused by the upcoming Eid ul Fitr holidays.
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KSE-100 Index Hits Record High of 117,974 Points
Karachi, March 19, 2025 – The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) surged to an all-time high of 117,974 points on Tuesday, reflecting strong market sentiment and robust investor confidence amid improved economic indicators.
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FBR Enforces Strict Penalty on Karachi Customs Appraiser
Islamabad, March 19, 2025 – The Federal Board of Revenue (FBR) has imposed a major penalty on a customs officer of BS-17, ordering his compulsory retirement after he was found guilty of theft and unauthorized removal of seized goods.
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Big Relief Expected for Property Buyers in Budget 2025-26
Due to taxation measures introduced in recent years, property buyers are facing significant challenges in the current market.
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MTO Karachi Seals Hobnob Outlets for Sales Tax Fraud
Karachi, March 18, 2025 – The Medium Tax Office (MTO) Karachi has taken strict action against M/s. Hobnob, sealing three of its outlets for alleged sales tax fraud.
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Customs Issues Valuations for Ferro Manganese, Ferro Silicon
Karachi, August 12, 2025 – The Directorate General of Customs Valuation has issued a new Valuation Ruling No. 59/2025, revising the customs values of Ferro Manganese, Ferro Silicon, and Silico Manganese under Section 25A of the Customs Act, 1969.
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Presence of Illicit Cigarettes: A Failure of Authorities
The widespread availability of smuggled and illicit cigarettes in local markets highlights the failure of authorities responsible for curbing the illegal trade.
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