Karachi, May 16, 2025 – The Overseas Investors Chamber of Commerce and Industry (OICCI) has called for wide-ranging customs reforms aimed at curbing smuggling and strengthening Pakistan’s trade integrity.
(more…)Author: Shahnawaz Akhter
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FBR notifies tax stamp pricing for cement manufacturers
Islamabad, May 16, 2025 – The Federal Board of Revenue (FBR) has officially announced the tax stamp pricing for cement manufacturers under its Track and Trace System (TTS), marking another key step in enhancing tax compliance and digital monitoring within the cement sector.
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Pakistan records $1.88 billion current account surplus in 10MFY25
Karachi, May 16, 2025 – Pakistan has recorded a notable turnaround in its external sector by posting a current account surplus of $1.88 billion during the first ten months (July to April) of the current fiscal year 2024-25, according to the State Bank of Pakistan (SBP).
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RTO-1 Karachi cracks multi-billion rupee fake invoice mafia ring
Karachi, May 15, 2025 – The Regional Tax Office-1 (RTO-1) Karachi has uncovered a major scam involving fake and flying invoices, exposing tax fraud worth billions of rupees.
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Pakistan sees $131 million rise in forex reserves ahead IMF inflows
Karachi, May 15, 2025 – The foreign exchange reserves of Pakistan witnessed a notable increase of $131 million during the week ending May 9, 2025, even before accounting for the incoming tranche from the International Monetary Fund (IMF).
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KCCI warns of nationwide protest over harsh tax laws
Karachi, May 15, 2025 — The Karachi Chamber of Commerce and Industry (KCCI) has issued a strong warning to the federal government, signaling the possibility of a nationwide protest if the newly introduced tax laws under the Tax Ordinance Amendment 2025 are not immediately withdrawn.
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Bank deposits cross Rs32 trillion for first time in Pakistan’s history
KARACHI, May 15, 2025 — For the first time ever, bank deposits in Pakistan have crossed the Rs32 trillion milestone, marking a historic achievement in the country’s financial landscape.
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KSE-100 Index soars to all-time high on FY26 budget optimism
KARACHI, May 15, 2025 — The Pakistan Stock Exchange (PSX) witnessed a historic trading session on Thursday as the benchmark KSE-100 index surged to an all-time high, closing at a remarkable 119,962 points.
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FY26 Budget: Cash on delivery online shopping may face FBR tax
As Pakistan prepares its fiscal roadmap for 2025–26, the Federal Board of Revenue (FBR) is actively exploring new strategies to regulate and tax the booming online shopping sector.
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How to Get Registered for Pakistan Customs (WeBOC System)
If you’re planning to import or export goods through Pakistan’s borders, registering with Pakistan Customs is a critical first step. The Federal Board of Revenue (FBR) has introduced a web-based platform called WeBOC (Web-Based One Customs) to streamline customs clearance and ensure transparency in trade procedures.
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