Karachi, February 3, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has extended its full support to the proposed tax package for the property sector, emphasizing its potential to stimulate housing and construction activities across the country.
(more…)Author: Shahnawaz Akhter
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KSE-100 plunges 1.32% amid concerns over property tax package
Karachi, February 3, 2025 – The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) witnessed a sharp decline on Monday, shedding 1,511 points, or 1.32%, as investors reacted negatively to concerns surrounding a potential tax package for the property sector.
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Pakistan’s inflation hits 111-month low at 2.4% in January
Islamabad, February 3, 2025 – Pakistan’s headline inflation based on the Consumer Price Index (CPI) dropped to 2.4% in January 2025, marking the lowest level in 111 months.
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APCAA warns of countrywide halt in customs clearance operations
Karachi, February 3, 2025 – The All Pakistan Customs Agents Association (APCAA) has issued a stern warning to halt all customs clearance operations across the country in response to the suspension of its members’ licenses.
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FBR updates sales tax exemption procedure
Karachi, February 3, 2025 – The Federal Board of Revenue (FBR) has revised and clarified the procedure for obtaining a sales tax exemption on imports, ensuring a streamlined process for entitled organizations and agencies.
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Sindh approves landmark agricultural income tax law
Karachi, February 3, 2025 – In a historic move, the Sindh government has officially approved the imposition of an agricultural income tax, marking a significant policy shift aimed at enhancing fiscal discipline and revenue generation.
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Cold returns to Islamabad, drizzle expected
Islamabad, February 3, 2025 – The cold wave has tightened its grip on Islamabad, bringing chilly temperatures and the possibility of light drizzle in the coming days.
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FBR likely to abolish section 7E on deemed property income
Karachi, February 3, 2025 – The Federal Board of Revenue (FBR) is expected to eliminate Section 7E of the Income Tax Ordinance, 2001, which pertains to the taxation of deemed property income.
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KCAA to stage protest against suspension of customs agents
Karachi, February 2, 2025 – The Karachi Customs Agents Association (KCAA) has announced plans to stage a protest against the recent suspension of customs agents accused of manipulating the Faceless Customs Assessment (FCA) system.
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Hyderabad customs to auction NDP vehicles on February 6, 2025
Karachi, February 2, 2025 – The Collectorate of Customs, Hyderabad, has announced an auction of non-duty paid (NDP) vehicles, scheduled to take place on February 6, 2025.
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