Islamabad, May 18, 2025 — In a significant policy shift toward environmental sustainability, Pakistan is poised to impose a carbon levy in the upcoming federal budget for fiscal year 2025-26.
(more…)Author: Shahnawaz Akhter
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Jewellery exporters urge key tax reforms in budget 2025-26
Karachi, May 18, 2025 – The Pakistan Gems and Jewellery Development Company has submitted an extensive set of proposals for the upcoming federal budget 2025-26, urging the government to introduce critical reforms to ensure the survival and competitiveness of Pakistan’s jewellery exporters.
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KTBA recommends 40% tax credit for teachers and researchers
Karachi, May 18, 2025 – The Karachi Tax Bar Association (KTBA) has called for the restoration of a 40% tax credit on income earned by qualified teachers and researchers in its detailed budget proposals for the fiscal year 2025-26.
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FBR urged to reinstate sales tax on petroleum products in budget
Karachi, May 18, 2025 – The Federal Board of Revenue (FBR) has been strongly urged to reinstate the sales tax on petroleum products in the upcoming 2025-26 federal budget, as per detailed tax proposals submitted by the Overseas Investors Chamber of Commerce and Industry (OICCI).
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Pakistan sees 75% surge in gold import during 10MFY25
Karachi, May 17, 2025 – Pakistan has witnessed a substantial increase in its gold import, with official figures showing a 75% rise during the first ten months (July–April) of the fiscal year 2024–25 compared to the same period last year.
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KSE-100 Index soars 11.64% weekly on ceasefire and IMF support
Karachi, May 17, 2025 – The Pakistan Stock Exchange (PSX) ended the week on a strong note as the benchmark KSE-100 index surged by 11.64% week-on-week, driven by a landmark ceasefire agreement between Pakistan and India and the successful disbursement of the second tranche under the International Monetary Fund’s (IMF) Extended Fund Facility (EFF) program.
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FBR introduces new licensing rules for freight forwarders
Islamabad, May 16, 2025 -In a major regulatory move aimed at formalizing and streamlining Pakistan’s cargo and logistics sector, the Federal Board of Revenue (FBR) has issued a detailed framework for licensing freight forwarders across the country.
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RTO-1 Karachi locks down top car showroom over POS breach
Karachi, May 16, 2025 – The Regional Tax Office (RTO)-1 Karachi has sealed a car showroom for violating the mandatory Point of Sale (POS) integration requirements set by the Federal Board of Revenue (FBR).
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SBP reports 3% dip in foreign direct investment during 10MFY25
Karachi, May 16, 2025 – The State Bank of Pakistan (SBP) on Friday released data showing a slight decline in foreign direct investment (FDI) during the first ten months (July–April) of the fiscal year 2024-25. According to the SBP report, FDI dropped by 2.8% to $1.78 billion, compared with $1.84 billion recorded in the same period of the previous fiscal year.
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Pakistan caps customs duty at 15%, reduces duty slabs to four
Islamabad, May 16, 2025 – In a bold step towards comprehensive trade and economic reform, the Government of Pakistan has announced a sweeping overhaul of its Customs tariff structure by capping the maximum customs duty at 15% and reducing the number of duty slabs to four.
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