Karachi, July 25, 2025 – The State Bank of Pakistan (SBP) has issued comprehensive instructions to banks and regulated entities (REs), mandating that the account opening process for the general public be completed within two working days.
(more…)Author: Shahnawaz Akhter
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Weekly SPI Inflation Rises Sharply by 4.07%
Islamabad, July 25, 2025 – Pakistan’s weekly inflation, measured through the Sensitive Price Indicator (SPI), recorded a sharp increase of 4.07% for the week ending July 24, 2025, compared to the previous week, according to the Pakistan Bureau of Statistics (PBS).
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Business community urges SBP for major policy rate cut
Karachi, July 25, 2025 – The business community has strongly urged the State Bank of Pakistan (SBP) to introduce a significant reduction in the policy rate during the upcoming Monetary Policy Committee (MPC) meeting scheduled for July 30, 2025.
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SBP likely to cut policy rate to 10.5% on July 30
Karachi, July 25, 2025 – The State Bank of Pakistan (SBP) is expected to reduce the policy rate by 50 basis points to 10.5% in its upcoming monetary policy announcement on July 30, 2025.
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Punjab directs three major sectors to withhold 80% tax on services
Lahore, July 25, 2025 – The government of Punjab has introduced a major revision in its tax policy, making it mandatory for three key sectors to withhold up to 80% of sales tax on services at the time of payment to service providers.
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NCCPL to Collect June CGT on July 31, 2025
Karachi, July 25, 2025 – The National Clearing Company of Pakistan Limited (NCCPL) has officially announced that Capital Gain Tax (CGT) for the month of June 2025 will be collected on Thursday, July 31, 2025.
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FBR takes notice over misconduct in use of operational vehicles
Karachi, July 24, 2025 – The Federal Board of Revenue (FBR) has issued a formal notice following an incident involving the inappropriate behavior of a tax officer while using an operational vehicle, sparking widespread criticism on social media.
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Pakistan sees surge in imports from India in FY25
Karachi, July 24, 2025 – Pakistan has recorded increase in imports from India during fiscal year 2024-25, official data revealed.
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Pakistan’s Tax Puzzle: Why More Filers Aren’t Filling the Coffers
Islamabad – July 23, 2025 — Pakistan’s aggressive push to expand its tax base may be costing more than it’s collecting, warns a hard-hitting new report by the Asian Development Bank (ADB). The findings paint a troubling picture of misplaced priorities, mounting administrative burdens, and a tax system in dire need of simplification and reform.
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Legal questions raised on 2025 tax return filing without SRO
Karachi, July 23, 2025 – A ticking legal time bomb may be brewing at the Federal Board of Revenue (FBR) as experts raise alarm over the ongoing return filing process for the Tax Year 2025—initiated without a finalized SRO (Statutory Regulatory Order).
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