Karachi, March 2025 – The Directorate General of Customs Valuation, Government of Pakistan, has issued new Valuation Rulings to revise the customs values of Non-Alloy Steel Wire and Iron or Non-Alloy Steel Wire Rod (Low/High Carbon).
(more…)Author: Shahnawaz Akhter
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Pakistan’s Current Account Surplus Reaches $691M in 8MFY25
Karachi, March 17, 2025 – Pakistan’s current account remained in surplus, recording an impressive $691 million during the first eight months (July–February) of the ongoing fiscal year 2024-25, according to data released by the State Bank of Pakistan (SBP) on Monday.
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Mari Confirms Second Discovery in Spinwam-1 Well
Karachi, March 17, 2025 – Mari Energies Limited has announced its second significant gas and condensate discovery at the Spinwam-1 well in the Waziristan Block, reinforcing its commitment to Pakistan’s energy sector.
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KTBA Appeals for Sales Tax Deadline Shift Amid IRIS Issues
Karachi, March 17, 2025 – The Karachi Tax Bar Association (KTBA) has formally urged the Federal Board of Revenue (FBR) to extend the deadline for filing monthly sales tax returns due to ongoing technical issues with the IRIS portal.
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Pakistan Tax Blueprint for the Remainder of FY25
Islamabad, March 17, 2025 – The government of Pakistan has revised its tax collection target for the fiscal year 2024-25, adjusting it from PKR 12.97 trillion to PKR 12.35 trillion following negotiations with the International Monetary Fund (IMF).
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Pakistan Curbs Cigarette Consumption Through Strict Tax Policies
Karachi, March 16, 2025 – Pakistan has successfully achieved a significant reduction in cigarette consumption by implementing stringent taxation policies, marking a crucial step in its public health efforts.
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PCMA Rejects Cuts in Net Metering Rates for Solar Electricity
Karachi, March 16, 2025 – Ahmed Chinoy H.I, S.I, Chairman of the Pakistan Cloth Merchants Association (PCMA), has strongly condemned the recent announcement regarding proposed cuts in net metering rates for solar electricity in Pakistan.
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FBR Deploys High-Tech Monitoring for Production Compliance
Islamabad, March 15, 2025 – The Federal Board of Revenue (FBR) has introduced stringent measures to enhance the monitoring of industrial production through advanced electronic surveillance. The latest amendments aim to bolster tax compliance and improve transparency in manufacturing activities across Pakistan.
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PSX Expected to Gain Momentum Next Week Amid IMF Optimism
Karachi, March 15, 2025 – The Pakistan Stock Exchange (PSX) is projected to witness significant gains in the upcoming week, fueled by renewed investor confidence following a positive statement from the International Monetary Fund (IMF).
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SITE Association Urges FBR to Extend Sales Tax Filing Deadline
Karachi, March 15, 2025 – The SITE Association of Industry has called on the Federal Board of Revenue (FBR) to extend the deadline for filing monthly sales tax returns, citing severe technical challenges faced by taxpayers using the FBR’s online IRIS system.
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