KARACHI, May 30, 2025 — The Pakistan Chemicals & Dyes Merchants Association (PCDMA) has voiced strong concern over the increasing misuse of the Export Facilitation Scheme (EFS), warning that unchecked exploitation of the policy could devastate small and medium enterprises (SMEs) and severely impact government revenues.
(more…)Author: Shahnawaz Akhter
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FBR extends April sales tax return filing deadline to June 5
Islamabad, May 30, 2025 — The Federal Board of Revenue (FBR) on Friday extended the deadline for filing the sales tax return for the month of April 2025.
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FBR reshuffles top taxpayers to trace foreign assets
Karachi, May 30, 2025 – In a bold and strategic move, the Federal Board of Revenue (FBR) has unleashed a sweeping reshuffle, transferring 21 high-profile taxpayers to intensify monitoring of their offshore assets.
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Rs3 million banking transactions to face regulatory scrutiny soon
In a major move to tighten financial regulations and enhance transparency, a critical proposal is being considered for inclusion in Pakistan’s upcoming Budget 2025–26. The proposal recommends mandatory scrutiny of banking transactions exceeding Rs3 million, especially those conducted through personal bank accounts.
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Will super tax finally end in budget 2025–26? Debate continues
As the countdown to the federal Budget 2025–26 begins, the future of the controversial super tax hangs in the balance.
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Parliamentarians urge tobacco tax hike to protect public health
A strong collective voice from parliamentarians, public health experts, and civil society leaders has called for a significant increase in tobacco taxation in Pakistan.
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Utopia battles one-year tax refund delay from FBR
Islamabad, May 29, 2025 – The Federal Board of Revenue (FBR) has withheld both sales tax and income tax refunds claimed by Utopia Industries for over a year, causing serious financial strain on one of Pakistan’s top export companies.
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Pakistan projects inflation uptick despite positive outlook
Islamabad, May 29, 2025 – The finance ministry of Pakistan has projected a potential increase in inflation in the coming months, despite notable economic gains and macroeconomic stabilization. In its Monthly Economic Outlook for May 2025, released on Thursday, the ministry highlighted that while inflation remained subdued during recent months, rising domestic demand could push prices upward by June.
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Pakistan’s weekly forex reserves stand at $16.637 billion: SBP
Karachi, May 29, 2025 – Pakistan’s total net foreign exchange (forex) reserves recorded a slight decrease during the week ended May 23, 2025, according to the latest data released by the State Bank of Pakistan (SBP). The net forex reserves fell by $12 million, settling at $16.637 billion, compared to $16.647 billion reported a week earlier, on May 16, 2025.
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Budget 2025-26 eyes revenue with tough new measures
Karachi, May 29, 2025 — As the countdown begins for the presentation of Budget 2025-26 on June 10, economic analysts anticipate a challenging fiscal blueprint aimed at aggressive revenue mobilization amid low inflation and sluggish GDP growth.
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