Islamabad, June 27, 2025 – In a move to rejuvenate Pakistan’s struggling industrial sector, Prime Minister Shehbaz Sharif has formed a high-powered committee to develop a comprehensive strategy for the revival of industrial growth.
(more…)Author: Shahnawaz Akhter
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FBR revises method for fixing cement retail price for sales tax
Islamabad, June 27, 2025 – The Federal Board of Revenue (FBR) has issued a new directive significantly altering how the minimum retail price of cement will be determined for sales tax purposes.
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KSE-100 index hits record high of 124,379 points
Karachi, June 27, 2025 — The Pakistan Stock Exchange (PSX) witnessed a historic rally on Friday as the benchmark KSE-100 index surged to an all-time high of 124,379 points, driven by strong investor confidence following the successful passage of the Finance Bill, 2025, in the National Assembly.
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SBP issues banking schedule for fiscal year-end tax collection
Karachi, June 27, 2025 — The State Bank of Pakistan (SBP) has released a comprehensive banking schedule aimed at facilitating the collection of government duties and taxes at the end of the fiscal year 2024–25.
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WHO warns Pakistan’s FED freeze to boost cigarettes consumption
ISLAMABAD – The World Health Organization (WHO) has issued a stark warning following the Federal Cabinet’s decision to keep Federal Excise Duty (FED) rates on cigarettes unchanged in the 2025–26 federal budget.
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NA approves revised income tax regime for salaried persons
ISLAMABAD – In a landmark fiscal development, lawmakers have officially approved a new income tax structure specifically targeting salaried persons, aimed at creating a more progressive and equitable taxation framework.
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New customs tariff slabs to take effect from July 1, 2025
ISLAMABAD – In a sweeping overhaul of the import duty regime, the government has revised Customs laws through amended Finance Bill, 2025 to implement a revised structure of tariff slabs, effective from July 1, 2025. The move is part of a broader tariff rationalization plan aimed at streamlining import costs, encouraging trade, and aligning with global best practices.
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FBR committee to regulate property transactions under sales tax
ISLAMABAD – In a significant move to tighten tax compliance, the Federal Board of Revenue (FBR) will now form a dedicated committee to oversee property transactions involving individuals who are not registered under the Sales Tax Act, 1990. This committee will have the authority to recommend whether to impose or lift a bar on the transfer of immovable property in such cases.
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No arrest without final tax inquiry: FBR reined in after public uproar
ISLAMABAD – The Federal Board of Revenue (FBR) has been forcefully restrained from making any arrest in tax fraud cases unless a formal inquiry is completed—marking a major policy shift sparked by fierce public backlash.
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Pakistan’s weekly forex reserves fall $2.61 billion before fiscal close
Karachi, June 26, 2025 — Pakistan’s foreign exchange (forex) reserves have witnessed a dramatic plunge of $2.61 billion in just one week, raising fresh concerns over the country’s external financial stability ahead of the fiscal year-end.
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