Karachi, May 23, 2025 – Foreign investors operating in Pakistan have called on the government to provide tax relief for the beverage industry in the upcoming federal budget for fiscal year 2025-26.
(more…)Author: Shahnawaz Akhter
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FBR deploys 520 third-party auditors to enhance tax scrutiny
Karachi, May 23, 2025 – In a significant move to improve tax compliance and strengthen audit operations, the Federal Board of Revenue (FBR) has announced the deployment of approximately 520 third-party auditors across its various regional field formations.
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SBP declares May 28, 2025, as bank holiday for Youm-e-Takbeer
Karachi, May 23, 2025 – The State Bank of Pakistan (SBP) has officially announced that all banks across the country will remain closed on Wednesday, May 28, 2025, in observance of Youm-e-Takbeer.
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FBR rakes in Rs30 billion from Karachi electricity consumers
Karachi, May 23, 2025 – In a massive revenue windfall, the Federal Board of Revenue (FBR) has collected a staggering Rs30 billion in withholding tax from electricity consumers in Karachi during the first ten months (July–April) of the current fiscal year 2024–25.
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IMF deal triggers 20% levy on Pakistan captive power
ISLAMABAD, May 23, 2025 – In a dramatic move to fulfill a major condition of the International Monetary Fund (IMF), Pakistan has passed a game-changing law slapping a 20% levy on all captive power plants—self-generating energy units that operate off the national grid.
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Pakistan’s forex reserves climb to $16.65 billion with IMF inflows
Karachi, May 22, 2025 — Pakistan’s foreign exchange (forex) reserves have witnessed a significant increase, reaching $16.65 billion, fueled by the latest inflows from the International Monetary Fund (IMF).
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PSX suffers 778 points blow as global oil prices plunge
Karachi, May 22, 2025 — The Pakistan Stock Exchange (PSX) endured a sharp downturn on Thursday, shedding 778 points amid a steep drop in global oil prices, which rattled investor sentiment and dragged down oil-heavy sectors.
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FBR orders Saturday overtime to supercharge tax collection drive
Islamabad, May 22, 2025 — In a bold and urgent move to ramp up tax revenue, the Federal Board of Revenue (FBR) has sounded the alarm and issued fresh directives to its nationwide tax offices, calling for extended enforcement operations and late-night sittings on Saturday, May 31, 2025—a clear sign of intensifying efforts to meet its ambitious collection goals.
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Business confidence in Pakistan sees major boost: OICCI survey
Karachi, May 22, 2025 — In a major sign of an economic turning point, business confidence in Pakistan has rebounded dramatically, with optimism soaring across industries, according to the latest Business Confidence Index (BCI) Survey released by the Overseas Investors Chamber of Commerce and Industry (OICCI).
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Explosive Expectations from Pakistan Budget 2025-26
As Pakistan gears up to unveil its Federal Budget 2025-26 on June 2, 2025, analysts are bracing for what could be a transformative fiscal document driven by International Monetary Fund (IMF) conditions, record-breaking debt obligations, and a widening tax net.
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