Karachi, June 13, 2025 – The Government of Sindh has announced a Rs520 billion allocation for its Annual Development Plan (ADP) for the fiscal year 2025–26, aiming to strike a careful balance between financial discipline and strategic development priorities.
(more…)Author: Shahnawaz Akhter
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Sindh unveils Rs3.45 trillion deficit budget for FY 2025-26
Karachi, June 13, 2025 – The Sindh government, led by Chief Minister Syed Murad Ali Shah, on Friday presented a record-breaking and ambitious budget for the fiscal year 2025-26 with a total outlay of Rs3.45 trillion.
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KSE-100 Index plunges 1,950 points amid Israel-Iran conflict
Karachi, June 13, 2025 — The Pakistan Stock Exchange (PSX) witnessed a steep decline on Friday as the benchmark KSE-100 index tumbled by a massive 1,950 points, amid heightened geopolitical tensions following Israel’s military action against Iran.
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PSO reveals alarming scale of petroleum smuggling
KARACHI, June 13, 2025 — Pakistan State Oil (PSO) has raised serious concerns over the large-scale smuggling of petroleum products into the country, estimating the volume at a staggering 1,500 to 6,000 tons per day.
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Sindh poised to present Rs3.45 trillion budget for 2025–26
Karachi, June 13, 2025 – The Sindh government is all set to present its much-anticipated budget for the fiscal year 2025–26 in the Sindh Assembly today, with a total proposed outlay of Rs3.45 trillion.
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FBR projects Rs56 billion revenue surge from bank deposit profits
Islamabad, June 13, 2025 — The Federal Board of Revenue (FBR) has projected an additional revenue of Rs56 billion following a significant change in the taxation of profits on bank deposits, as proposed in the Finance Bill 2025. These revisions, if approved by the National Assembly, will come into effect from July 1, 2025.
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FBR forms committees to address anomalies in Finance Bill 2025
Islamabad, June 13, 2025 — In a move aimed at resolving stakeholder concerns and ensuring clarity in tax proposals, the Federal Board of Revenue (FBR) has constituted two high-level committees to identify and remove anomalies in the Finance Bill 2025.
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FBR targets active KCCI member over offshore assets
Karachi, June 13, 2025 – In a stunning revelation that’s sending shockwaves through the business community, the Federal Board of Revenue (FBR) has placed a prominent and active member of the Karachi Chamber of Commerce and Industry (KCCI) under intense scrutiny over alleged offshore assets.
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FBR launches probe into foreign assets of former SBP governor
Karachi, June 13, 2025 – In a dramatic and high-stakes development, the Federal Board of Revenue (FBR) has initiated a sweeping investigation into the foreign assets of a former governor of the State Bank of Pakistan (SBP) — a figure who once held one of the most powerful economic positions in the country.
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LTO Karachi takes over tax assessment of Facebook
Karachi, June 12, 2025 – In a significant move, the Large Taxpayers Office (LTO) Karachi has been entrusted with the responsibility to evaluate and oversee the tax affairs of Facebook, the globally recognized social media and networking platform owned by the American tech giant Meta.
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