Karachi, June 29, 2025 – In a move aimed at facilitating small-scale imports and promoting ease of doing business, the federal government has introduced a key amendment to the Customs Act, 1969 through the recently passed Finance Act, 2025.
(more…)Author: Shahnawaz Akhter
-
New Customs Directorate granted Anti-Money Laundering powers
Islamabad, June 28, 2025 – In a significant development under the Finance Act, 2025, the federal government has announced the establishment of a new directorate under the Customs Act, 1969, aimed at strengthening anti-money laundering enforcement across Pakistan.
(more…) -
Pakistan enforces climate support levy from July 1, 2025
Islamabad, June 28, 2025 — In a major step toward sustainable fiscal and environmental reforms, the government of Pakistan has officially enforced the Climate Support Levy from July 1, 2025.
(more…) -
FBR reports 5-fold surge in tax collection from foreign payments
Islamabad, June 28, 2025 – The Federal Board of Revenue (FBR) has announced a remarkable increase in tax collection on foreign payments made through debit and credit cards, reporting nearly a five-fold surge during the tax year 2024.
(more…) -
KSE-100 Index soars 3.63% weekly amid Iran-Israel ceasefire
Karachi, June 28, 2025 – The Pakistan Stock Exchange’s benchmark KSE-100 index delivered a strong performance this week, surging by 3.63% on a weekly basis, as easing geopolitical tensions lifted investor confidence.
(more…) -
Anomalies committee chief raises alarm over FBR negligence
Karachi, June 28, 2025 – Ehsan Malik, Chairman of the Finance Bill 2025 Anomalies Committee (Business), has sounded the alarm over what he described as “unprecedented negligence” and “utter disrespect” shown by top Federal Board of Revenue (FBR) officials.
(more…) -
FBR launches crackdown on solar energy sector
KARACHI – In a decisive move to tighten tax compliance within Pakistan’s rapidly expanding renewable energy sector, the Federal Board of Revenue (FBR) has deployed its officers to monitor the sales activities of leading solar energy companies.
(more…) -
LTO Karachi recovers Rs31 billion by freezing bank accounts
Karachi, June 27, 2025 – In an aggressive and highly effective move, the Large Taxpayers Office (LTO) Karachi has recovered a record-breaking Rs31 billion in outstanding taxes by freezing the bank accounts of major defaulters.
(more…) -
PM forms high-powered committee to revive industrial growth
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…) -
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.
(more…)