Karachi, June 12, 2025 – In a major stride towards modernizing Pakistan’s financial ecosystem, the State Bank of Pakistan (SBP) has officially announced the launch of its upgraded Real-Time Gross Settlement (RTGS) and Central Securities Depository (CSD) system, named PRISM+, effective June 16, 2025.
(more…)Author: Shahnawaz Akhter
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Pakistan’s forex reserves climb $277 million in a week: SBP
Karachi, June 12, 2025 – Pakistan’s foreign exchange (forex) reserves witnessed a notable increase of $277 million during the week ended June 6, 2025, according to data released by the State Bank of Pakistan (SBP) on Thursday.
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SBP to announce monetary policy on June 16, 2025
Karachi, June 12, 2025 – The State Bank of Pakistan (SBP) has confirmed that it will unveil its next monetary policy decision on Monday, June 16, 2025. The Monetary Policy Committee (MPC) of the SBP will convene on the same day to deliberate on the interest rate stance, following which the central bank will issue a Monetary Policy Statement through an official press release.
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FPCCI warns against granting taxmen discretionary powers
Karachi, June 12, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has voiced serious concerns over the extensive powers granted to tax officials under the Finance Bill 2025.
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PSX loses 260 points amid intense profit-taking activity
Karachi, June 12, 2025 – The Pakistan Stock Exchange (PSX) closed in the red on Thursday, shedding 260 points as investors opted for profit-taking after the market hit record highs a day earlier.
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Government gains power to impose unlimited petroleum levy
Islamabad, June 12, 2025 – Brace yourselves, Pakistan! A storm is brewing at the fuel pump as the government has now armed itself with unrestricted power to impose unlimited petroleum levy on fuel products.
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Courier Services Become Tax Collectors in Pakistan
Islamabad, June 12, 2025 – In a dramatic turn of events, courier services in Pakistan are now poised to become full-fledged tax collectors, thanks to sweeping changes proposed in the Finance Bill, 2025.
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Who’s Really Eligible to Make Transactions in Pakistan?
Pakistan’s financial world has been set ablaze with a storm of debate and confusion: Are you eligible to make financial transactions in Pakistan anymore? This burning question has swept across drawing rooms, boardrooms, and the bustling streets of the country ever since the government unveiled its controversial Budget 2025-26.
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Commissioner empowered to bar transactions under sales tax laws
Islamabad, June 12, 2025 – The Finance Bill 2025 has proposed sweeping powers for the Commissioner Inland Revenue of the Federal Board of Revenue (FBR) to clamp down on individuals and businesses who fail to register under the Sales Tax Act, 1990.
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FBR empowered to fix retail price of Third Schedule goods
Karachi, June 12, 2025 – In a significant move to tighten control over pricing and enhance tax collection, the Federal Board of Revenue (FBR) has been granted the authority to determine the retail price of goods listed under the Third Schedule of the Sales Tax Act, 1990.
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