Karachi, July 15, 2025 – In a dramatic turn for Pakistan’s financial sector, bank deposits have shattered all previous records, surging to an all-time high of Rs35.50 trillion by the close of June 2025.
(more…)Author: Shahnawaz Akhter
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Govt sets up high-powered committee to avert July 19 strike
Islamabad, July 15, 2025 – In a decisive step to prevent a nationwide business shutdown, the federal government has formed a high-powered committee to address the grievances of traders and industrialists arising from Section 37A of the Finance Act 2025.
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FBR empowers provincial officials to seize illicit cigarettes
Islamabad, July 15, 2025 – The Federal Board of Revenue (FBR) has granted new powers to provincial authorities to help stop the illegal trade of cigarettes across Pakistan.
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Pakistan Customs sets export values for mangoes
Karachi, July 15, 2025 – Pakistan Customs has officially notified the export values for mangoes for the current season, setting a fresh benchmark for exporters and international buyers as the country’s premium fruit continues to gain popularity across global markets.
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Section 11E gives FBR big teeth in sales tax recovery
Karachi, July 15, 2025 – The Federal Board of Revenue (FBR) has been armed with unprecedented powers under the newly amended Section 11E of the Sales Tax Act, 1990 — a legislative shift that is set to dramatically reshape the landscape of tax enforcement in Pakistan.
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SITE Association endorses July 19 strike, slams tax laws
Karachi, July 14, 2025 – The SITE Association of Industry, Karachi, has thrown its weight behind the Karachi Chamber of Commerce’s call for a nationwide strike on July 19, in protest against controversial tax laws introduced through Sections 37A and 37B of the Finance Act, 2025.
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FBR opens 2025 return filing portal on July 15
ISLAMABAD, July 14, 2025 — The Federal Board of Revenue (FBR) has officially announced the opening of the return filing portal for the tax year 2025, starting Tuesday, July 15, 2025.
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No compromise on July 19 strike without tax rollback: Bilwani
Karachi, July 14, 2025 – In a defiant and high-voltage press conference, Karachi Chamber of Commerce and Industry (KCCI) President Muhammad Jawed Bilwani declared that the business community will not back down from the strike scheduled for July 19 unless the government immediately suspends the “anti-business” provisions introduced in the Finance Act 2025. The message was loud and clear: no rollback, no compromise.
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KSE-100 index hits historic high of 136,503 points amid optimism
Karachi, July 14, 2025 – The KSE-100 index of the Pakistan Stock Exchange (PSX) continued its record-breaking rally on Monday, surging by 2,203 points to close at an all-time high of 136,503 points.
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FBR Issues Timeline for ATL 2025 Publication
Karachi, July 14, 2025 – If you’re a taxpayer in Pakistan, now’s the time to pay close attention. The Federal Board of Revenue (FBR) has officially released the schedule for the Active Taxpayers List (ATL) for the tax year 2025—and the countdown has already begun.
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