Karachi, July 19, 2025 — The Karachi Chamber of Commerce and Industry (KCCI) on Saturday declared the countrywide shutter-down a “resounding success,” terming it a united stand against the unjust and anti-business taxation measures introduced through the Finance Act, 2025.
(more…)Author: Shahnawaz Akhter
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FPCCI, government resolve tax dispute; no strike on July 19
Karachi, July 19, 2025 – In a major development, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Friday declared that there will be no strike on July 19, following fruitful negotiations with the federal government over the controversial tax clauses introduced in the Finance Act, 2025.
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Govt refuses assurance, traders launch July 19 tax strike
Islamabad, July 18, 2025 – The federal government has flatly refused to yield to mounting pressure from the business community, which has announced a full-blown strike on July 19 to protest against what they call oppressive tax laws imposed through the Finance Act, 2025.
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FBR announces promotion of senior officers to BS-22 rank
Islamabad, July 18, 2025 – The Federal Board of Revenue (FBR) has formally notified the promotion of several senior officers from Grade BS-21 to the apex civil service rank of BS-22.
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Foreign direct investment in Pakistan rises to $2.46 billion in FY25
Karachi, July 18, 2025 – The State Bank of Pakistan (SBP) on Friday announced that foreign direct investment (FDI) into Pakistan rose to $2.46 billion in the fiscal year 2024–25, reflecting a 5% increase over the previous year’s FDI figure of $2.35 billion.
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Pakistan achieves $2.11 billion current account surplus in FY25
Karachi, July 18, 2025 – In a major economic milestone, Pakistan has registered a current account surplus of $2.11 billion for the fiscal year 2024–25, according to official data released by the State Bank of Pakistan (SBP).
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Sugar Injustice: millers pocket $411m, public bears cost
Islamabad, July 18, 2025 – In a jaw-dropping twist of economic injustice, sugar millers in Pakistan have raked in a staggering $411 million from sugar exports in fiscal year 2024–25, while local consumers face a bitter reality of shortages and soaring retail prices.
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FBR shatters records as active taxpayers list hits 7.40 million
Karachi, July 18, 2025 – In a massive breakthrough for Pakistan’s tax enforcement regime, the Federal Board of Revenue (FBR) has set an unprecedented record: the Active Taxpayers List (ATL) has skyrocketed to an astonishing 7.40 million by July 17, 2025.
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July 19 strike gains overwhelming support: KCCI
Karachi, July 18, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has announced that the nationwide shutter-down strike scheduled for July 19, 2025, has received overwhelming and unprecedented support from industrial zones, trade bodies, retail markets, and business associations across Pakistan.
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PM Shehbaz forms high-level committee before July 19 tax strike
Islamabad, July 17, 2025 – Prime Minister Muhammad Shehbaz Sharif has constituted a high-powered committee to resolve concerns related to the Finance Act, 2025 ahead of scheduled strike on July 19, 2025.
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