Karachi, February 12, 2025 – The Federal Board of Revenue (FBR) has introduced a detailed procedure governing zero-rated supplies to duty-free shops (DFS) across Pakistan.
(more…)Author: Shahnawaz Akhter
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RTO Hyderabad Seals Famous Bakery for Issuing Fake Invoices
Hyderabad, February 12, 2025 – The Regional Tax Office (RTO) Hyderabad on Wednesday took decisive action against tax fraud by sealing three branches of a well-known bakery in Hyderabad for issuing fake invoices.
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KSE-100 Ends Mixed Amid MSCI Review, Market Volatility Persists
Karachi, February 12, 2025 – The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) experienced a mixed session on Wednesday as investors reacted to the latest MSCI review.
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SBP Announces Auction for Buyback of Government Securities
Karachi, February 12, 2025 – The State Bank of Pakistan (SBP) has officially announced an auction for the buyback of government securities. This initiative is part of SBP’s ongoing efforts to manage market liquidity and optimize the financial system.
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Non-Filers Drive 85% Spike in Car Buying
Karachi, February 11, 2025 – A massive increase of 85% was recorded in car buying during the month of January 2025, driven by fears of impending restrictions on non-filers of income tax returns.
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FBR Revises Karachi Property Valuation, Introduces New Criteria
Islamabad, February 11, 2025 – The Federal Board of Revenue (FBR) has amended the property valuation rates for Karachi, introducing a revised structure to ensure greater transparency in real estate assessments.
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IHC Voids ATIR Chairman’s Appointment, Orders Fresh Selection
Islamabad, February 11, 2025 – The Islamabad High Court (IHC) has nullified the appointment of the chairman of the Appellate Tribunal of Inland Revenue (ATIR) and instructed the authorities to appoint a new chairman under revised regulations.
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SHC Reinstates Licenses of Suspended Customs Agents
Karachi, February 11, 2025 – The Sindh High Court (SHC) has overturned the suspension of multiple customs agents whose licenses had been revoked by the Federal Board of Revenue (FBR) over alleged manipulation of the faceless customs assessment system.
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PSX Regains 113K Level as Bullish Trading Continues
Karachi, February 11, 2025 – The Pakistan Stock Exchange (PSX) maintained its bullish trading momentum on Tuesday, regaining the 113,000-point level amid strong investor confidence.
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LTO Karachi Seals Zelbury Outlet for Issuing Unverified Invoices
Karachi, February 11, 2025 – The Large Taxpayers Office (LTO) Karachi has taken decisive action by sealing an outlet of Zelbury, a well-known online fashion shopping platform, for issuing unverified sales tax invoices.
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