Islamabad, February 16, 2025 – The Federal Board of Revenue (FBR) has reported a significant 53% surge in tax collection from the salaried class during the first seven months (July–January) of the fiscal year 2024-25.
(more…)Author: Shahnawaz Akhter
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PKR to USD: Rupee Expected to Remain Stable Next Week
Karachi, February 16, 2025 – The Pakistani rupee is projected to maintain a largely stable position against the US dollar during the upcoming week starting February 17, 2025.
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Power of Customs Officer to Call for Documents
Karachi, February 16, 2025 – The Federal Board of Revenue (FBR) has granted customs officers the authority to request documents from importers or exporters concerning consignment clearance.
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KCCI Accuses NEPRA, KE of Neglecting Karachi Consumers
Karachi, February 15, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has strongly criticized the National Electric Power Regulatory Authority (NEPRA) and K-Electric (KE) for their alleged failure to pass on the benefits of tariff reductions to Karachi’s consumers.
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ICMA Pakistan Presents FBR Tax Reform Proposals
Karachi, February 15, 2025 – The Institute of Cost and Management Accountants (ICMA) Pakistan has submitted a comprehensive set of proposals to the Federal Board of Revenue (FBR), aiming to optimize revenue generation and support sustainable economic growth.
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Pakistan’s Public Debt Rises to Rs 71.6 Trillion by December 2024
KARACHI: Pakistan’s federal government witnessed a significant surge in its total debt stock, which climbed to Rs 71.6 trillion by the end of December 2024. This sharp increase is primarily attributed to continued borrowing to bridge the fiscal deficit, according to official data released by the State Bank of Pakistan (SBP) on Friday.
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What Are Dutiable Goods? FBR Explains
Karachi, February 14, 2025 – The Federal Board of Revenue (FBR) has provided clarification regarding dutiable goods, specifying the categories of goods on which customs authorities are mandated to collect duties and taxes upon importation.
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Tax Policy Office Established, FBR Focuses on Revenue Collection
Islamabad, February 14, 2025 – The Finance Ministry has issued a notification announcing the establishment of a dedicated Tax Policy Office, leaving the Federal Board of Revenue (FBR) to focus exclusively on revenue collection.
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Faisal Nisar Assumes Leadership at USC Headquarters
Islamabad, February 14, 2025 – The Utility Stores Corporation (USC) has welcomed its newly appointed Managing Director, Faisal Nisar Chaudhry, who officially assumed charge of his office on Friday.
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KSE-100 Index Declines 479 Points Amid Weekend Jitters
Karachi, February 14, 2025 – The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed 479 points lower on Friday, as investors engaged in profit-taking ahead of the weekend.
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