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.
(more…)Author: Shahnawaz Akhter
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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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PTBA Highlights Risks of SRO 69 for Businesses
Karachi, February 14, 2025 – The Pakistan Tax Bar Association (PTBA) has voiced significant apprehensions regarding the introduction of SRO 69(I)/2025, issued by the Federal Board of Revenue (FBR) on January 29, 2025.
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FBR Seals Sugar Mill in Sindh Over Tax Fraud
Islamabad, February 14, 2025 – The Federal Board of Revenue (FBR) has taken decisive action against tax fraud by sealing a prominent sugar mill in interior of Sindh, following allegations of large-scale tax evasion and manipulation of the track and trace system, sources reported on Friday.
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FBR Notifies Prohibited Goods for Foreign Trade
Karachi, February 13, 2025 – The Federal Board of Revenue (FBR) has officially issued a notification detailing the list of prohibited goods for foreign trade for the tax year 2025.
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SBP Reports $252 Million Decline in Foreign Exchange Reserves
Karachi, February 13, 2025 — The State Bank of Pakistan (SBP) announced a decline of $252 million in its official foreign exchange reserves during the past week, highlighting ongoing external payment obligations.
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Meezan Bank Achieves 20% Annual Profit Growth for 2024
Karachi, February 13, 2025 – Meezan Bank Limited has reported an impressive 20% increase in its annual profit after tax for the fiscal year ending December 31, 2024.
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KTBA Raises Alarm Over Tax Turmoil for Salaried Class
Karachi, February 13, 2025 – The Karachi Tax Bar Association (KTBA) has called upon the Federal Board of Revenue (FBR) to immediately withdraw the show-cause notices served to salaried individuals regarding tax recoveries.
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PSO Registers 44% Profit Growth for Half-Year of FY25
Karachi, February 13, 2025 – Pakistan State Oil (PSO) has announced an impressive profit growth of over 44% for the half-year period spanning from July to December of the fiscal year 2024-25.
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