Karachi, December 4, 2025 – The Karachi Tax Bar Association (KTBA) has elected Mehmood Bikiya as its president for the 2025-26 term, following the 69th Annual General Meeting held on Thursday.
(more…)Author: Shahnawaz Akhter
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Pakistan’s weekly foreign exchange reserves slip by $16 million: SBP
Karachi, December 4, 2025 – Pakistan’s foreign exchange reserves recorded a marginal decline during the week ending November 28, 2025, according to the latest data released by the State Bank of Pakistan (SBP) on Thursday.
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Saudi Arabia extends $3 billion deposit for one year to support Pakistan’s economy
Karachi, December 4, 2025 – In a major development for Pakistan’s financial stability, the State Bank of Pakistan (SBP) announced on Thursday that the Saudi Fund for Development (SFD), on behalf of the Kingdom of Saudi Arabia, has rolled over its existing $3 billion deposit for another year.
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IRSOA welcomes appointment of Zubair Bilal as Member IR Operations
Islamabad, December 4, 2025 – The Inland Revenue Service Officers Association (IRSOA) has warmly welcomed the Federal Board of Revenue’s (FBR) decision to elevate senior Inland Revenue officer Zubair Bilal to the position of Member IR Operations.
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Sindh government releases schedule for Budget 2026-27 presentation
Karachi, December 3, 2025 – The Sindh government has announced the official schedule for presenting the provincial budget for the fiscal year 2026-27, outlining key deadlines for departments and ministries ahead of the budget session.
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PSX Directs K-Electric to Submit Financial Statements and Hold AGMs
Karachi, December 3, 2025 – The Pakistan Stock Exchange (PSX) has issued a formal directive to K-Electric Limited, the leading power utility in the country, instructing the company to transmit its annual financial statements and hold Annual General Meetings (AGMs) for the years ended June 30, 2024, and June 30, 2025.
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FBR Outsources Media and Public Relations Affairs
Islamabad, December 3, 2025 – The Federal Board of Revenue (FBR) has launched a process to outsource its media management and public relations functions as part of its ongoing efforts to strengthen communication and public engagement. The initiative aims to enhance the agency’s visibility and highlight key reforms under the FBR Transformation Plan.
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President Appoints Zafar Hijazi as New Federal Tax Ombudsman
Islamabad, December 3, 2025 – President Asif Ali Zardari has appointed Zafarul Haq Hijazi as the new Federal Tax Ombudsman (FTO) for a four-year term, bringing an experienced financial regulator back into a key national oversight role.
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FBR Appoints Zubair Bilal as New Member Inland Revenue Operations
Islamabad, December 3, 2025 – The Federal Board of Revenue (FBR) has announced a major administrative reshuffle, appointing senior Inland Revenue Service (IRS) officer Zubair Bilal (BS-21) as Member Inland Revenue (IR) Operations with immediate effect.
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SBP stops collection of export development surcharge with immediate effect
Karachi, December 2, 2025 – The State Bank of Pakistan (SBP) has officially halted the collection of the Export Development Surcharge (EDS), providing significant relief to the export sector.
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