Karachi, July 11, 2025 – The Pakistani rupee finally snapped its five-day streak of losses against the US dollar on Friday, buoyed by a major surge in the country’s foreign exchange reserves.
(more…)Author: Shahnawaz Akhter
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FBR urges businesses: Limit cash to avoid tax troubles
Islamabad, July 11, 2025 – The Federal Board of Revenue (FBR) is making headlines once again—this time by strongly advising businesses across Pakistan to avoid cash sales and adopt banking or digital channels for transactions exceeding Rs200,000.
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How new tax changes impact FBR property valuations in Karachi
Karachi, July 11, 2025 — The Federal Board of Revenue (FBR) has once again brought Karachi’s real estate sector into the spotlight with significant tax changes introduced through the Finance Act, 2025, which directly impact the official property valuations used to calculate taxes on real estate transactions.
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KCCI leads business uprising: July 19 protest against tax laws
Karachi, July 10, 2025 – In a dramatic turn, the Karachi Chamber of Commerce and Industry (KCCI) has declared a nationwide protest scheduled for Saturday, July 19, 2025, shaking the country’s economic and political landscape.
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KSE-100 Index soars to all-time high of 133,782 points
Karachi, July 10, 2025 – The Pakistan Stock Exchange (PSX) roared back to life on Thursday as the benchmark KSE-100 index resumed its record-breaking rally, surging to a new all-time high after a brief pause.
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Banks poised to announce strong 2QCY25 earnings
Karachi, July 10, 2025 – Pakistan’s banks are gearing up to report bumper earnings for the second quarter of calendar year 2025 (2QCY25), signaling continued financial strength and strategic resilience in a shifting interest rate environment.
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FBR Declares Who Must File Income Tax Return 2025
Karachi, July 10, 2025 – The Federal Board of Revenue (FBR) has officially released a comprehensive list of individuals and entities for whom income tax return filing for the tax year 2025 is now mandatory.
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FBR defends disallowance of 50% expenditure on cash sales
Islamabad, July 10, 2025 — The Federal Board of Revenue (FBR) has come under scrutiny for introducing a controversial measure that disallows 50% of business expenditure linked to high-value cash sales.
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Ineligible persons continue to enjoy restriction free transactions
Karachi, July 10, 2025 — Despite Parliament’s bold move to curb undocumented wealth and penalize non-compliant taxpayers, ineligible persons continue to enjoy restriction-free transactions due to a strategic delay in the law’s implementation.
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CEO and CFO Freed from FBR’s Arrest Powers
Karachi, July 10, 2025 – In a dramatic turn of events, the Federal Board of Revenue (FBR) has been stripped of its controversial powers to arrest the CEO and CFO of companies allegedly involved in tax fraud.
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