Karachi, June 4, 2025 – The business community across Pakistan has issued a strong and united condemnation of the government’s reported plan to impose Capital Value Tax (CVT) on a broad range of movable assets in the upcoming Federal Budget 2025-26.
(more…)Author: Shahnawaz Akhter
-
KCCI urges reduction in gas prices to safeguard industrial sector
Karachi, June 4, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has urged the government to immediately reconsider and reduce gas prices in order to safeguard the country’s struggling industrial sector and support sustainable economic growth.
(more…) -
Thousands jobless as Utility Stores restructuring accelerates rapidly
ISLAMABAD: The government has closed down 1,925 loss-making Utility Stores across Pakistan, resulting in the termination of 4,060 employees. This move is part of a major restructuring plan for the Utility Stores Corporation (USC) aimed at cutting costs and preparing the organization for privatization.
(more…) -
APTMA demands immediate removal of yarn, fabric from EFS
KARACHI – The All Pakistan Textile Mills Association (APTMA) has strongly urged the federal government to immediately remove yarn and fabric from the Export Facilitation Scheme (EFS), warning that their continued inclusion is severely damaging Pakistan’s domestic textile industry and distorting market competition.
(more…) -
Islamabad High Court stays enforcement of tax recovery ordinance
In a significant development, the Islamabad High Court has issued a stay order against the implementation of the recently promulgated Tax Laws (Amendment) Ordinance, 2025.
(more…) -
FBR advised to honor loyal taxpayers for expanding tax net
Karachi, June 3, 2025 – In a powerful and game-changing proposal ahead of the federal budget 2025-26, the Institute of Chartered Accountants of Pakistan (ICAP) has sounded the alarm: If the FBR wants more taxpayers, it must start by honoring the ones it already has.
(more…) -
PSX hits record high of 120,451 points ahead of FY26 Budget
Karachi, June 3, 2025 — The Pakistan Stock Exchange (PSX) soared to an all-time high on Tuesday, closing at 120,451 points as investor confidence surged ahead of the federal budget 2025-26, scheduled for June 10.
(more…) -
Pakistan’s oil sales jump 10% in May 2025 on economic recovery
Karachi, June 3, 2025 — Pakistan’s oil sales experienced a significant boost in May 2025, surging by 10% year-on-year (YoY), according to the latest data released on Tuesday. This upswing reflects a positive shift in fuel consumption, driven by improved economic activity, lower fuel prices, and seasonal factors.
(more…) -
Major overhaul of CGT on securities expected in Budget 2025-26
Karachi, June 3, 2025 — A significant overhaul in the structure of Capital Gains Tax (CGT) on the disposal of securities is likely to be announced in the upcoming budget for the fiscal year 2025–26, according to sources close to the Federal Board of Revenue (FBR).
(more…) -
PSX announces four-day closure for Eid-ul-Adha holidays
Karachi – June 3, 2025: The Pakistan Stock Exchange (PSX) has officially announced a four-day closure in observance of the upcoming Eid-ul-Adha holidays.
(more…)